1857-S $20 US Liberty Double Eagles ANACS AU 55

COIN > US Gold Coins Dealer: Ziern-Hanon Galleries Contact: Joseph B Hanon - Email Dealer
Price: $2,100.00 USD  - Currency Converter Shipping inside United States: Quoted at time of purchase Shipping outside United States: Quoted at time of purchase

Description: America's largest circulating gold coin was the Double Eagle or $20 piece, born in the exciting years of the great California Gold Rush. The new mines yielded the greatest mass of gold in recorded history. Vast quantities of the yellow metal helped to speed development of the American West and had far-reaching effects on the world's coinage. The first California gold to reach the Philadelphia Mint was dispatched by the territory's Governor, Col. R.B. Mason to Secretary of War William L. Marcy. Most of this shipment of just over 230 ounces was coined into Quarter Eagles, $2.50 pieces given an incuse stamp CAL over the eagle. This coinage was small, but it soon became obvious that the sheer mass of gold reaching the mints was going to require a much larger denomination than the quarter eagle, half eagle and eagle then authorized. North Carolina Congressman James Iver McKay, a powerful member of the House Ways and Means Committee, had already prepared legislation authorizing the smallest U.S. gold coin, the gold dollar. Acceding to the pressing need to mint gold into larger coin form, McKay was quickly persuaded to amend his bill to include another new gold coin at the opposite end of the spectrum, the Double Eagle or $20 piece. The authorizing statute was passed by Congress on March 3, 1849

Status: For Sale	Reference#: GC_1857_S
Condition: ANACS AU 55	Year: 1857
Country: USA
Title: 1857-S $20 US Liberty Double Eagles Gold Coin
Materials: Gold	Type: Liberty Double Eagles

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