1875-S 20C MS (PCGS# 5298)

2011 August Chicago Signature US Coin & Platinum Night Auction #1158

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    Heritage Auctions
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Lot Description
1875-S 20C MS66 PCGS. CAC. Ex: Larry Shapiro. The twenty cent denomination was doomed to failure from the start; its design and size were similar to that of the quarter, and the public quickly dismissed the coins. The denomination was intended to support Western silver mine owners, but the mintages were too low to make any significant impact, especially after the majority of the 1875-CC, 1876-CC, and (likely) 1876 issues were melted. The 1875-S, however, had a substantial mintage at more than 1.1 million pieces, and type collectors frequently choose it to represent this unusual denomination. The issue can be found with relative ease in grades up to and including MS65, but the number of survivors drops precipitously at the MS66 level. It would be exceptionally difficult to locate a finer specimen; NGC and PCGS combined report just one dozen examples higher than MS66 (7/11). The surfaces on this high-grade survivor display outstanding mint frost. The obverse has splendid multicolored toning, while the reverse shows the slightest tinge of gold. The strike is fully brought up in all areas. A few shallow field marks are well-concealed on the obverse. From The Oliver Collection.
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