Stack’s Bowers Galleries is
gearing up for its May 20 Rarities Auction on New York City. The sale
follows the firm's May 19 auction with Sotheby’s featuring 128 coins
from the D. Brent Pogue Collection.
The Rarities Auction features a diverse range of material across 109
lots including coins from the United States and around the world,
paper money, medals, and other interesting objects. Here is a coin
with a great story to tell.
1890-S Coronet gold $20 double eagle, MS-66+
The 2013 discovery of the Saddle Ridge Hoard in the Sierra Navada
Mountains east of San Francisco was a mainstream news sensation. The
1,427 coins that were found in six cans totaled $27,980 in face value
and the sale of the coins began in May 2014. A year later, these coins
enjoy a robust market.
Among the treasures is the finest known 1890-S Coronet $20 double eagle, graded Mint
State 66+ by Professional Coin Grading Service.
The catalog entry puts the rarity of this issue in perspective,
writing, “Like many late 19th century double eagles struck at San
Francisco, some coins dated 1890-S saw use in circulation while many
others were shipped abroad where they remained until they were
repatriated beginning after World War II. While not a rarity in
circulated grades and the lowest Mint State levels of preservation,
the 1890-S is challenging to locate above MS-63.”
The Saddle Ridge Hoard contained 99 1890-S double eagles, of which
89 are Mint State coins, and this one is the finest of those, and the
finest known of the issue. It carries an estimate of $100,000 to $125,000.