Heritage World Coin Auctions
Long Beach Signature US Coin Sale 1252 16-17 Feb 2017
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Liberty Double Eagles
1857-S $20 MS65 PCGS. Vibrant luster and bold throughout. The surfaces are outstanding for a Type One double eagle, with a fresh, undiminished cheek on Liberty. The fields are also clean and show minimal signs of abrasions, although a small cluster resides near Liberty's nose. A strong strike brought up all the devices and stars to completeness.
One can be reasonably certain that the present coin was recovered from the S. S. Central America shipwreck. Prior to a few groups of coins being pulled from ocean floor shipwrecks, the number of Type One double eagles that qualified for Gem grades was virtually nil. In the case of the 1857-S, the dominant date and mint found in that particular wreck, coins that qualified as Uncirculated were quite rare until the cargo was brought to the ocean surface and examined. Today, several thousand 1857-S double eagles are available in various mint state grades from the S. S. Central America, and this is one of the finer examples recovered. The PCGS holder does not included any reference to the S. S. Central America.
Ex: Long Beach Signature (Heritage, 2/2006), lot 3243.
1857-S $20 MS65 PCGS. Vibrant luster and bold throughout. The surfaces are outstanding for a Type One double eagle, with a fresh, undiminished cheek on Liberty. The fields are also clean and show minimal signs of abrasions, although a small cluster resides near Liberty's nose. A strong strike brought up all the devices and stars to completeness.
One can be reasonably certain that the present coin was recovered from the S. S. Central America shipwreck. Prior to a few groups of coins being pulled from ocean floor shipwrecks, the number of Type One double eagles that qualified for Gem grades was virtually nil. In the case of the 1857-S, the dominant date and mint found in that particular wreck, coins that qualified as Uncirculated were quite rare until the cargo was brought to the ocean surface and examined. Today, several thousand 1857-S double eagles are available in various mint state grades from the S. S. Central America, and this is one of the finer examples recovered. The PCGS holder does not included any reference to the S. S. Central America.
Ex: Long Beach Signature (Heritage, 2/2006), lot 3243.