Watch List notes:

USA (San Francisco mint), $20 coronet Liberty, 1856-S, encapsulated NGC AU details / sea salvaged, from the "Fort Capron treasure" (1857). KM-74.1. Clearly UNC details to our eyes, the surfaces maybe slightly more grainy and with irregular rim on reverse, hint of luster and toning. From the "Fort Capron treasure" (1857).

Estimate: $2500 - 3750