LOT Heritage Rare Coin Galleries  /  2006 October Dallas Signature Coin Auction #428  / 

3219

1865 $20 --Date in Rim--MS64 NGC. Ex: S.S. Republic. MP

Currency:USD Category:Coins & Paper Money / US Coins Start Price:1.00 USD Estimated At:1.00 - 1,000,000.00 USD
1865 $20 --Date in Rim--MS64 NGC. Ex: S.S. Republic. MP
<B>1865<$20>--Date in Rim--MS64 NGC.</B></I> Ex: <I>S.S. Republic.</B></I> MPD-002. Traces of date digits are obvious within the dentils beneath the date. Q. David Bowers states in his 2004 reference <I>A Guide Book of Double Eagle Gold Coins</B></I> that these traces represent the "bottoms of 18 of logotype (inverted position)." The <I>S.S. Republic</B></I> sank on October 18, 1865, and its recovered cargo included a number of 1865 double eagles. These were formerly prohibitively rare in better Mint State grades. This lustrous and exquisitely struck near-Gem features dazzling cartwheel luster. The smooth, untoned surfaces show no indication that the coin spent more than a century at the bottom of the Atlantic Ocean. A minor strike-through of mint origin is detected beneath the A in STATES, but the preservation is exemplary.
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