1861 GOLD $20 LIBERTY
NGC AU50THE ONLY DOUBLE EAGE MINTED 3 THREE GOVERNMENTS... This 1861-O was the Final $20 O-Mint Issue Until 1879.
The 1861-O is the final Double Eagle produced at the New Orleans Mint until the minting of Type-III $20 gold pieces beginning in 1879. The popularity and desirability of this issue remains constant among advanced collectors, and it is an extremely popular issue among Southern gold specialists and Civil War collectors.
This historic issue is numismatically significant because it is the final Type One issue from this mint. The outbreak of the Civil War in 1861 explains why three different governing authorities struck Double Eagles in New Orleans that year.
The combined mintage of the 1861-O Double Eagle was a total of 17,741 pieces.* The Union struck 5,000 pieces from January 1 to January 26, 1861.* The State of Louisiana struck 9,750 from January 26 to May 31, 1861.* The CSA Confederacy struck 2,991 after June 1, 1861.
A single die pair was used to coin double eagles at New Orleans in 1861, so there is no way to determine which governing authority struck which 1861-O Double Eagles. Almost all of these coins experienced heavy circulation and are scarce in all grades. The number of examples in all grades is 232 pieces, of which only 37 coins graded AU50 by both PCGS and NGC. PCGS has graded 121 coins, the highest grade being MS60 with only 2 in that grade. NGC has graded 111 coins, the highest grade being MS61 with only 2 in that uncirculated grade. Survivors of this issue display some degree of weakness in this area. It seems that the date logotype was lightly impressed into the die. Extensive die polishing resulted in the proof-like finish that most '61-O Twenties display, but it also further weakened the bottom of the date. In a vain effort to correct this defect, an employee at the New Orleans Mint tried to re-engrave the lower edge of the 8. This Historically Significant Specimen Won't Last!