LOT Old Heritage Auctions  /  2007 May/June Long Beach, CA Sig. US Coin #438  / 

855

1875-S 20C MS67 NGC. Breen-3875, Doubled "$" Mintmark;

Currency:USD Category:Coins & Paper Money Start Price:1.00 USD Estimated At:1.00 - 1,000,000.00 USD
1875-S 20C MS67 NGC. Breen-3875, Doubled $ Mintmark;
<B>1875-S 20C MS67 NGC.</B></I> Breen-3875, Doubled "$" Mintmark; MPD-001, Misplaced Date. Apparently, Nevada Senator John P. Jones and his cohorts in the U.S. Senate in 1874 were mathematically challenged, despite their ultimate intent to find new uses for Comstock Lode silver. That year, the Senate passed Jones' bill proposing the twenty cent piece as a circulating denomination. Unfortunately, according to Q. David Bowers, neither the Senate nor then-Mint Director Henry Linderman took into account that the new twenty cent piece was no more convenient than two dimes. After its introduction, complaints poured in to the Mint from people who confused it with the quarter, of similar size. The new denomination, introduced in 1875, was doomed to a two-year lifespan, although proof strikings continued for two more years.<BR> The 1875-S issue, with a mintage of more than 1.1 million coins, is by far the most plentiful of the brief series, but in Superb Gem condition it is rare. NGC and PCGS combined have graded 22 coins in MS67 of all dates and mintmarks, and have given a higher grade to only two pieces (one MS68 by each service). NGC has graded five 1875-S coins MS67, with one finer, while PCGS has graded three MS67s and one finer (4/07). This specimen shows the remains of a misplaced digit, likely a 5, in the denticles below the date, and the mintmark is the popular repunched "Dollar Sign" mintmark. The frosty surfaces are snow-white, with radiant cartwheel luster and phenomenal eye appeal. A peripheral die crack joins most of the letter tops on the reverse. A boldly struck and near-unimprovable coin, both technically and aesthetically.<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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