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Heritage World Coin Auctions
FUN Signature US Coin Sale 1251  4-6 & 8-9 Jan 2017
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Lot 6018

Starting price: 1 USD
Price realized: 22 000 USD
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Liberty Double Eagles
1865-S $20 MS65 NGC. The story of the 1865-S Liberty double eagle is a familiar one to collectors of Type One twenties. The 1865-S was produced in large numbers, but the entire mintage was released into circulation at the time of issue and few examples were saved for numismatic purposes. Historically, the 1865-S was easily found in worn, circulated condition, but high-grade specimens were rarely encountered. The picture changed drastically with the recovery of the S.S. Brother Jonathan and the S.S. Republic, however. These two historic shipwrecks yielded 750 examples of the 1865-S when they were salvaged in recent times, and many of the coins were in Mint State grades. Of course, the 1865-S is still very scarce at the MS65 grade level, and finer coins are very rare.
The coin offered here is a delightful Gem, with well-preserved orange-gold surfaces and ample mint luster on both sides. The design elements are sharply detailed in most places, but a few stars on the lower left show a touch of flatness. Eye appeal is terrific. Census: 58 in 65 (1 in 65+), 8 finer (11/16).
From The Casady Collection.
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