LOT Old Heritage Auctions  /  2007 NOV Dallas, TX US Coin Signature #452  / 

2256

1857-S $20 MS65 PCGS

Currency:USD Category:Coins & Paper Money / US Coins Start Price:8,000.00 USD Estimated At:1.00 - 100,000.00 USD
1857-S $20 MS65 PCGS
<B>1857-S $20 MS65 PCGS.</B></I> Variety 20-B, Bold S. Ex: <I>S.S. Central America</B></I>, SSCA 1723. In his <I>American Coin Treasures and Hoards</B></I>, Q. David Bowers (1997) notes that contemporary reaction to the <I>S.S. Central America</B></I> disaster reflected misplaced priorities; in his words, "there seemed to be more concern in the popular press about the loss of the gold aboard than there was about the fate of the passengers."<BR> On the re-discovery of the ill-fated ship in the late 1980s and the subsequent litigation over it, its cargo of gold was the center of attention once again. Eventually, a court decision awarded the vast majority of the sunken treasure to the salvors, a fortune that included numerous 1857-S double eagles such as the present Gem. The wheat-gold surfaces display vibrant luster, and the carefully preserved portrait shows solid definition. It ranks as one of the best-preserved examples recovered from the wreck. For all 1857-S double eagles, Population: 25 in 65, 2 finer (8/07).<BR><I>From The Arroyo Grande Collection.</B></I><BR><BR><B>Coin Engraver:</B> James B. Longacre<BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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