1864-S $20 MS(PCGS#8942)

1864-S $20 MS (PCGS#8942)

Summer 2026 Global Showcase Auction U.S. Coins

Lot Description: The San Francisco Mint produced 793,660 double eagles in 1864 and these circulated extensively on the Pacific Coast and it is believed that many were exported overseas. The 1864-S once ranked as a foremost rarity in Mint State; indeed, David W. Akers listed just four auction appearances of Uncirculated examples in his 1982 tome on double eagles. Since that time, additional Mint State examples have entered the market. In 1999, as a consequence of the underwater excavation of the wreck of the SS Brother Jonathan, which sank in 1865, newly discovered Mint State examples were added to the roster of known specimens, followed by more from the SS Republic treasure. It is known that even more Mint State examples came from other sources and, presently, the Uncirculated population is estimated at 225 to 250 coins. This total is still small when compared to the strong demand that Mint State double eagles enjoy in today's market. A desirable shipwreck find from the SS Republic, the BU example offered here is visually appealing and will be of interest to specialized collectors in many disciplines.