Lot 795
1876. NGC graded MS-66. Only 14,640 minted. A needle sharp strike with remarkably clean surfaces. Lovely hues of violet and turquoise toning adds to its appeal. The 1875 Coinage Act that authorized this denomination consisted of four paragraphs. Section 1 stated that a silver coin of the twenty cent denomination would be struck from time to time and would weight five grams. Section 2 limited the legal tender status to five dollars in any single payment as with other minor coins, post-1873. Section 3 limited the legally tolerated deviation to one and a half grains, or two-hundredths of an ounce in one thousand pieces. Finally, section 4 simply stated that laws then currently in force would apply equally to the new 20-cent piece.
This coin was struck in the year of the Centennial Exhibition in Philadelphia's Fairmount Park, only a short distance from the Mint. Pop 16; 5 finer, 1 in 66 Star, 4 in 67.
Estimated Value $8,000 - 9,000.
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