1861 GOLD $20 LIBERTYThis magnificent 1861 Philadelphia Double Eagle was minted 157 years ago at the beginning of the Civil War. There were two major varieties of the 1861 Liberty Head $20 Gold Double Eagle. This common variety, with nearly 3 million coins minted, and the ultra-rare Philadelphia ''Paquet Reverse'' variety, with just two examples are known. The 1861 is the most available Type One double eagle unaffected by shipwreck discoveries over the past couple decades. It?s an affordable issue, which makes it a popular choice for collectors seeking an example of the Type-I design. Demand for this date is also popular with Civil War collectors who need this date for a Civil War set.
In the Mint Director's Report for 1861, it noted an influx of gold and high demand for the denomination from depositors, leading to a production of 2.9 million twenty dollar gold pieces... The highest mintage among Liberty Head double eagles. The 1861 was widely hoarded along with other silver and gold coinage upon the outbreak of the Civil War and the simultaneous decision to stop paying out gold coinage at par in exchange for paper money. That said, Uncirculated survivors are scarce today. This pleasing PCGS Mint State 61 specimen exhibits well-detailed design elements, with just a trace of wear on the high points of the devices. This Type-I double eagle is well-struck with normal bag wear abrasions, that are common in this issue.