1870-S SAN FRANCISCO GOLD $20 LIBERTY
NGC AU58The 1870-S mintage was 982,000. A large portion of these coins went into circulation and were widely used throughout the West Coast in the 1870s, as many worn examples suggest today. Many 1870-S issues were also either destroyed or exported overseas. Surviving coins are usually in lower circulated grades with the majority being in AU condition. This issue is moderately scarce lower grades, and well-struck pieces with few bag marks command high premiums. The finest known is graded at only Mint State 63 condition.
This San Francisco minted $20 gold piece is tied to historical highlights in American history. The year 1870 is reminiscent to such historic events as the 15th Amendment for equal voting rights, Rockefeller starting Standard Oil, and the building of the Brooklyn Bridge and the New York Subway. Holding a rare coin is like holding history in your hands.
This AU58 example must have been removed from circulation shortly after its mintage to remain in this high About Uncirculated condition. Current price guides are as follows; PCGS Price Guide $4,000 and NGC Price Guide is $4,500.