1875-S 20C PCGS MS65. This is a perfect for a high quality Registry Set or other type of collection. It is an original specimen is bathed in warm tan-gray patina with some evidence of an olive-russet. We see mint frost is at all angles, with a strike that is crisp.
Heritage writes an excellent catalog description in the Denver 2006 ANA sale for the reasons behind this odd denomination: “While it seemed like such a good idea, the twenty-cent piece proposed by Nevada Senator John Percival Jones was bound to fail. The purpose of this denomination was to ease transactions of low-priced items, especially those selling for five or ten cents, especially on the West coast. The half dime was no longer being coined, and minor coinage was not being produced in San Francisco at the time, nor would it be until the first cents of 1908. A consumer who desired to buy an item priced at five cents would need to use a dime, if one was available, and no change would be given, for none was available. Senator Jones felt that such an item could be bought using a quarter, and one of the new 20-cent pieces could then be given out in change. The problem was not so much the concept, but the size and design, which were so similar to the existing quarter dollar that the two coins were easily confused. These coins were produced for circulation only in 1875 and 1876, and the series continued for two more years only in proof format.”