||1879-S $20 AU58 NGC. CAC. Despite the resumption of specie payments in January 1879, double eagle production remained rather minimal overall, with the exception of the San Francisco Mint, which coined more than 1.2 million pieces. Many of these were intended to be exported for trade, but quantities also circulated in the West Coast regions where gold and silver were still the preferred medium of exchange. Mint State survivors can be found with some searching, but most are heavily abraded and grade no finer than MS61; MS62 coins are scarce, and finer pieces are decidedly rare. This beautifully preserved near-Mint example displays radiant honey-gold luster and unusually smooth surfaces for the grade. A trace of friction precludes an Uncirculated designation from NGC, but the detail remains virtually complete. Ex: Eric P. Newman Numismatic Education Society.
Realized $3525.00. Description courtesy of Heritage Auctions.