||1906-S $20 MS64 NGC. CAC. Following the April 1906 earthquake and fire, the San Francisco Mint was the only financial institution left intact, and thus quickly became San Francisco's financial center for business resumption. For more than a month, the city's banking operations were headquartered at the mint and, miraculously, funds were transferred and distributed "without loss, error, or unnecessary delays," according The Annual Report of the Director of the Mint. With only minimal damage to the mint building itself, coinage was not overly hampered, and double eagle production exceeded 2 million coins that year. Survivors of this issue are available in MS64, but become genuinely rare in MS65, where NGC has certified only five coins (8/14). This Choice piece has radiant peach-gold luster and sharp motifs. A few faint grazes on the cheek limit the grade. Ex: Eric P. Newman Numismatic Education Society.
Realized $4259.38. Description courtesy of Heritage Auctions.