1868 Liberty Double Eagle
PCGS Secure MS-61Conditionally Very Rare in Finer Grades
The 1868 Double Eagle had a very low mintage of only 98,575 coins struck at the Philadelphia Mint that year and is one of the lowest production figures of the 1860s. It is a very scarce date in all grades and is a particularly underrated Type-II Liberty double eagle issue.
Few collectors were interested in saving date runs of large denomination gold coins in the 19th century, because of the high expense, and the few who did systematically collect double eagles preferred to update their collections by acquiring gold proof sets from the Mint every year, rather than obtaining regular-issue specimens. Since so few high-quality examples were saved by contemporary collectors, the 1868 is very rare in MS61 condition, and finer coins are almost never available.
The 1868 is by far the rarest Type-II double eagle from the Philadelphia Mint, and in Uncirculated conditions it is among the rarest of the entire series. The average 1868 grades no more than XF40 to AU50 with heavy bagmarks and abrasions. There are only 14 1868 Double Eagles graded in Mint State 61 at PCGS and NGC combined, with only 5 finer. This radiant example in Mint State 61 stands head and shoulders above that and easily qualifies as Condition Census.
The rarity of this coin speaks for itself and would serve as a focal point in even the finest double eagle collection. It is difficult to imagine a more desirable offering for double eagle specialists.