||1854-S $20 AU58 NGC. CAC. Production at the newly opened San Francisco Mint began in April 1854, with coinage of the first double eagles bearing an S mintmark. Due in part to the sizeable numbers of privately minted small denominations circulating in Gold Rush-era California, depositors typically requested large denominations, and therefore the new mint's resources were primarily utilized for eagles and double eagles its first year of operation. More than 141,000 double eagles were produced, but surprisingly few survive today. This near-Mint example boasts unusually smooth surfaces and bold design definition. Luminous apricot-gold surfaces increase the eye appeal. Ex: Eric P. Newman Numismatic Education Society.
Realized $28200.00. Description courtesy of Heritage Auctions.