1872-S GOLD $20 LIBERTY
PCGS MS61The majority 1872 issues were struck in the heart of the gold rush region at the San Francisco Mint, where 780,000 coins were struck. These coins were heavily circulated in the west, with some making it to the eastern seaboard. Large quantities were shipped overseas, and finer examples were most likely used in in these large banking transactions which have much less wear than circulated issues. Lower graded examples of the 1872-S are relatively easy to find a, but it is somewhat difficult to find a nice one mint state example. With under 200 coins graded in Mint State condition from all mints, this issue is considered very rare in lower mint state grades, and the finest known 1872-S is in MS 64 condition.
This coin was minted at the time when the world's first national park was established by President Grant, who signed legislation establishing Yellowstone National Park. Also, President Grant granted Civil War amnesty, restoring civil rights to citizens of the South. Grant was re-elected President when his opponent dies during the electoral process. 1872 was also the year that Aaron Montgomery Ward of Chicago produced a small mail-order catalogue for his Montgomery Ward mail order business, and the Metropolitan Museum of Art (Met) opened its doors to the public, founded by a group of American businessmen and artists who wanted to bring art to the American people. The 1872-S $20 gold piece played an important part in American commerce and San Francisco history.