The sinking of the S.S. Central America off the coast of Carolina in September 1857 and the discovery of the shipwreck in the late 1980s / early 1990s accounts for the recovery of more than 5,000 1857-S No Motto double eagles.
The issue is widely available in high grades and enjoys tremendous popularity among type collector for that reason.
The one offered here features beautiful color and glowing luster.
Watch the amazing video about the S.S. Central America.
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You can add this magnificent piece of history to your family legacy.
*Dealers are welcome to bid on this coin
The first batch of coins that was recovered and conserved was graded by PCGS in the late 1990s and consisted mostly of 1856-S and 1857-S $20 Liberties. The second batch consists of about 3,100 coins including additional 1857-S $20’s as well as a wide variety of other coins such as $1 Gold pieces, $3 Gold, Quarter and Half Eagles, Eagles, and Territorial Gold. California Gold Marketing Group’s (CGMG) Chief Scientist, Bob Evans, has restored the coins. After conservation, PCGS graded these pieces of numismatic history.
Professional Coin Grading Service (PCGS) has graded the coins of the S.S. Central America. What does that mean?
What is coin grading?
Coins are graded for fineness, or nearness to perfection. The numismatic (coin collecting) industry has adopted a scale of 1 – 70, where 1 is nearly unrecognizable and flat, worn without any design detail, and 70 is that often-imaginary perfect.
Public coin auction records show that serious coin collectors want the best coins available, and will pay more money to have the finest coins in their collection. So in that way, PCGS is helping to determine the value of every Ship of Gold coin. PCGS Grading Standards >
Who is PCGS?
PCGS came about as a substantial need for an impartial third-party grading company. PCGS does not take the side of the seller of the coin nor the buyer. PCGS has stepped in to be the unbiased intermediary, to grade the coin without prejudice, to help the coin market thrive in a fair way for all buyers and sellers.
Since David Hall founded PCGS in 1986, PCGS graders have graded over 38 million coins with a current market value of over $33 billion.
Other Factors that Determine a Coin’s Value
Rarity is also a factor in desirability. Some collectors prefer pristine coins, while others like the best varieties they can get. A variety coin is one that exhibits slight differences, usually made during the striking or die-making process.
The coin market is defined by supply and demand. Many U.S. coins are not rare in the numismatic sense. However, coins are less common the nicer they get, creating “condition rarities.” A coin that is common in Almost Uncirculated (showing light wear from circulation – use in commerce, grading from 50 - 58) may be uncommon and difficult to find in the market in uncirculated Mint State grades (from 60 to 69). Fewer than 10 of those same coins may exist in Mint State 68. As there are many more than 10 collectors willing to spend money to get one of those very few conditional rarities, this coin gets very, very expensive.
Why Choose PCGS?
PCGS graders are absolute experts in the field of numismatics. We have years of experience dealing with hundreds of thousands of coins. It can be difficult for the untrained eye to know the difference between a Mint State 64 and a Mint State 65 coin, just as it can be difficult to know the difference between a Very Good coin (8 – 10) and a Fine (12 – 15) coin. We supply many references and educational materials so people new to the hobby can learn, like PCGS CoinFacts and PCGS Photograde. But most hobbyists will spend a lifetime to look at thousands of coins, whereas PCGS grades tens of thousands of coins per week. When you carefully examine that many coins, you get to be very good at determining a coin’s fineness without bias. If any coin should be found to be somehow incorrectly graded or not authentic, PCGS guarantees the value of the coin according to the PCGS Price Guide.
PCGS & the “Ship of Gold” Coins
Once a senior team of PCGS graders look at each coin and come to a consensus, we encapsulate that coin with its grade in a virtually air-tight and water-tight, chemically neutral (non-reactive) case. This case cannot be opened without damaging it beyond repair. Each coin comes with a small label (called a “flip”) which describes the coin’s grade and certification number. Collectors treat this flip as a Certificate of Authenticity. You can use the coin’s certification number to find high resolution, professionally photographed TrueView images that show each coin in excruciating detail at PCGS.com/cert. Each flip with its “Ship of Gold” coin is also signed by the “Ship of Gold” Chief Scientist, Bob Evans, certifying that the coin was recovered directly from the shipwreck of the S.S. Central America.
All items are shipped within 3 – 5 business days after receipt of payment unless otherwise stated at the time of purchase. Sets may require an additional 2 – 3 days for assembly and completion.We ship via US Postal Service: First Class Mail, Priority Mail and Express Mail services are available.
With the exception of Bullion Items, Eastern Numismatics offers a 30-day unconditional return guarantee covering our Numismatic and Collectible Items. Returned items must be received at ENI within 30-days of their delivery to the client for this guarantee to be in effect. Items must be sent to: ENI, 642 Franklin Avenue, Garden City NY 11530 Attn: Returns.
Let our four decades of honest service and industry networks work for you. Our efforts to improve product quality and service has led us to a diverse and exeptional numismatic inventory in order to meet the challenges of today’s rare coin market and the needs of our clients. We have been servicing investors and collectors since 1974 and are members of all major consumer and trade organizations, including the American Numismatic Association, the Better Business Bureau, the Professional Numismatists Guild. At Eastern Numismatics we are ready to work for you and help turn your rare coin investment into gold. Call today and speak with one of our qualified ENI coin consultants. They will help you select the best quality rare coins and precious metals for your hard earned money.
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