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Lot 1020

1855-S. PCGS graded
EF-40. The new San Francisco Mint was totally focusing on double eagles
during 1855, gold was simply pouring into the Mint, and they could scarcely
coin it fast enough. It was as easy to coin a double eagle as an eagle or
quarter eagle, and double eagles were easier to ship too, which is why the
mintage on the 1855-S eagle fell to just 9,000 pieces. Few remain today, and
this date is particularly rare in grades above Very Fine, and none have been
certified above AU-55 by either NGC or PCGS. This particular specimen has nice
surfaces for the grade, and dark orange gold color. It is fairly sharp for the
date. PCGS has graded 10 as XF-40, 10 as XF-45, 5 as AU-50, 5 as AU-53 and the
best they've seen is a single coin as AU-55. A whole lot of numbers, but they
add up to a condition rarity that is seldom found this nice. Estimated
Value $1,600-1,800.
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