The San Francisco Mint began coinage operations in 1854, occupying the same building that previously housed the U.S. Assay Office of Gold, which produced the iconic $50 octagonal “slugs” of the Gold Rush period. Coinage during the first several months though was stunted due to a lack of parting acids needed for ore refinement. The double eagle mintage at San Francisco of 1854 was only 141,468 pieces, which would prove to be the lowest total coinage of this denomination at the West Coast branch mint. Surviving examples of the 1854-S double eagle are scarce in high AU grades and borderline rare in attractive Mint State condition.
Listed at $15,000 in the CDN CPG and $17,500 in the PCGS price guide.
Offered at $15,150
