1857-S $20 Liberty Head Double Eagle, 20B PCGS MS64 Ex.SS Central America w/box & COA

Here's a spectacular golden survivor of the tragic wreck of the SS Central America, the 'Ship of Gold.' In the Bold S (20B) variety, PCGS has graded 374 as MS64, with 274 finer. This striking piece is housed in the exclusive PCGS Gold Foil Label holder.

Gold specialist Doug Winter writes of the 1857-S: "This is a well-struck issue. The hair detail on the obverse is sharp with many of the curls and the strands at the top of Liberty’s head showing individual definition. The stars usually have full radial lines and the denticles are sharp and clear. On the reverse ... the overall detail is excellent with detail not seen on most Type One issues from the San Francisco mint. The coins from the S.S. Central America are generally well-struck and show better overall detail than the coins which are not from this hoard."

Image from the seafloor shipwreck of the SS Central America, the 'Ship of Gold.'

The example offered by AUCM was preserved in remarkable condition. That is not surprising, considering that the 1857-S double eagle never had the opportunity to become an instrument of commerce. That is because the S.S. Central America sunk in 1857, the year the piece was struck in San Francisco. Some may wonder how a coin, such as the current offering, could be so well preserved after sitting at the bottom of the ocean for a good 130 years. The vessel landed under 8,000 feet of water: a dark, freezing, and unwelcoming place where there was no current or disturbance whatsoever. Additionally, gold is a stable metal and contact with salt water has little effect. Even more, and most importantly, the vast majority of the coins retrieved from the ship were packed in wooden boxes that were tightly stacked, giving them even more protection from the elements.