||1856-S $20 AU58 NGC. CAC. As private coinage of California gold more or less ended in 1855, by 1856, the San Francisco Mint was the only operating coinage facility in the region. Not surprisingly, high denomination gold coin production increased noticeably, with the 1856 double eagle mintage breaching the 1 million-coin barrier (nearly 1.2 million pieces were struck). These coins experienced extensive circulation, however, and most of the Mint State survivors known today were among those recovered from the S.S. Central America. This near-Mint example retains substantial honey-gold mint luster and nearly complete detail. A few minute surface ticks are present, the most prominent being well-placed in Liberty's hair. Ex: Eric P. Newman Numismatic Education Society.
Realized $4700.00. Description courtesy of Heritage Auctions.