Lot 1337
1868-S. NGC graded AU-50. Toned. Desirable San Francisco Mint Double Eagle. At the time these were issued, California had a clause in its consitution outlawing the use of paper money. The residents had spoken, they wanted only "hard money" in the form of silver and gold. It wasn't until the end of the 19th century that new generations of settlers to the Golden State began accepting paper promises to pay (PCGS # 8954) .
Estimated Value $1,300 - 1,400.
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| Realized $1,763 |
