Price: 9,700.00 - SOLD - 8/14/2012* Free Shipping and Insurance for coins at $10K or above.
1874-S $20 (1874-S Double Eagle) PCGS MS62. This mint state, Western branch mint 1874-S Double Eagle shimmers with mint luster within the devices. The strike is sharp at the centers of the stars, on Libertys hair, and on all of the reverse as usual. The coin shows no wear as expected for a mint state coin.
The motto IN GOD WE TRUST was added to the original double eagle by enlarging the oval of stars above the eagles head and placing the motto in it. This modification did not require a major alteration of the design as was the case with adding the motto to the lower denominations. It was made at the behest of Salmon P. Chase, Secretary of Treasury and Congress because of pressure brought about by the Reverend M.R. Watkinson of Ridleyville, Pennsylvania.
Originally all of the United States coinage was secular. However, in the first sixty or so years of the United States existence, religious life became more important to the populace. By 1860, twenty-three percent of the population belonged to a church or had some kind of religious affiliation. Groups such as the National Reform Association wanted to amend the Constitution to acknowledge the Lord Jesus Christ as the source of all power and authority in government. The amendment was unsuccessful; however, the sentiment to bring religion into government remained strong. President Abraham Lincoln chose James Pollock to be the Mint Director in 1861. He served until 1867. Pollock was in favor of the idea that the nation depended on the will of God. Reverend Watkinson was the first person who actually addressed this need. He believed that adding the name of God to our coinage would, relieve us from the ignominy of heathenism[and] place us openly under the divine protection. The Coinage Act of 1865 created the authority to place the motto on all coins. In 1866 it was placed on the half eagle, the eagle and the double eagle as well as on silver coinage and the shield nickel. It wasnt until the newly designed double eagles of Augusts Saint-Gaudens that the motto was briefly omitted in 1907 because of President Theodore Roosevelts objection to it.
This coin is what is known as a condition rarity. It is somewhat common in grades VF to AU; however, is much less available in uncirculated condition, and most of the uncirculated pieces are MS60 or MS61. In its population report, PCGS shows the 1874-S double eagle tied for second best with 46 at MS62 and 4 better at MS63.
We are interested in buying these rare coins/tokens/medals/currency. If you are interested in selling, raw or slabbed please offer to us and ask your price or once received we'll make our highest offer! Contact us here and tell us what you have to sell us.
** All buy it now coins availability must be confirmed via email or phone before purchase. Please contact us ( email ) for availability.
* Prices subject to change with no advance notice due to market or other reasons. Paypal fee may apply.
Don't
see it here? Tell us what you want Click
Here