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首席收藏网 > 数据中心 > Stack's Bowers and Ponterio > SBP2023年11月加州#3-瑰宝之夜

Lot:3245 1870-S Liberty Head Double Eagle. MS-62 (NGC). CMQ.

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世界钱币

USD 17000

SBP2023年11月加州#3-瑰宝之夜

2023-11-15 06:00:00

2023-11-15 09:00:00

USD 31200

SBP

成交

1870-S Liberty Head Double Eagle. MS-62 (NGC). CMQ.This beautiful and exceptionally well preserved 1870-S double eagle displays a strike that is nearly full, with Libertys portrait much sharper than usual. The stars and dentils on the obverse are perfect, as is the detail throughout the reverse. Warmly toned medium gold surfaces exhibit satin luster with some modest prooflike characteristics in the fields. In sum, this is one of the finest and most desirable 1870-S double eagles that we have ever handled.<p>The mintage for this issue is 982,000 pieces and likely, many 1870-S twenties were sent overseas later in the decade as part of the United States international commerce. Repatriated examples account for most of those surviving today. We estimate that approximately 150 to 225 Mint State examples are extant, with much of that population concentrated in the lowest Uncirculated grades. The present coin is about as fine as one will currently locate in a certified 1870-S double eagle. This double eagle would be an excellent selection for an advanced gold type set, and given its status as a condition rarity the present example makes good sense for a Registry Set as well.<p>The historic auction record for the 1870-S double eagle is laden with worn examples, reflective of the typical quality found. The Dunham Collection coin sold by B. Max Mehl in June 1941 was AU, ditto for the Belden E. Roach coin sold by Mehl in February 1944 and the J.F. Bell coin sold by us (Stacks) in December 1944. The same comment goes for the William Cutler Atwater coin sold by Mehl in June 1946. The Thomas G. Melish Collection sold by Abe Kosoff (actually the Naftzger Collection) presented two pieces, one Very Fine and the other just Fine. When our own Q. David Bowers graded the Louis E. Eliasberg, Sr. coin in 1982, he designated the obverse as VF-30 and the reverse as EF-45.<p>Jeff Garrett and Ron Guth in the second edition of their 2008 Whitman book, <em>Encyclopedia of U.S. Gold Coins 1795-1933</em>, commented:<p><em>The 1870-S double eagle was minted in large numbers, but most were exported or destroyed. The coins that did survive are mostly Very Fine or Extremely Fine.The 1870-S is very rare in Mint State. Most of the great double eagle collections sold at auction in the last two decades have lacked an Uncirculated example. The Bass Collection and the Dallas Bank Collection did not have a Mint State piece.</em><p>Contemplating such comments will reveal that this Mint State 1870-S double eagle is much rarer than conventional wisdom (looking at only certified population reports) might lead one to believe. Most Uncirculated coins in the marketplace are extensively bagmarked and, in MS-62, the coin offered here certainly qualifies as Condition Census.PCGS# 8959. NGC ID: 26A9.NGC Census: 13; 4 finer (MS-63 finest).From Heritages CSNS Signature Auction of April-May 2010, lot 2311.

价格参考 Price Guide