Visitors to the September 2005 Long Beach Expo have a virtually once-in-a-lifetime opportunity to see a set of some of the finest-known Type I Double Eagles. The exhibit includes the finest known 1854 New Orleans Mint specimen (certified NGC AU-58), one of the handful of known 1861 San Francisco Mint Paquet Reverse specimens, and the finer of the two-known 1861 Philadelphia Mint Paquet Double Eagles. Highlights also include other finest-known Type I $20 denomination gold pieces recovered from the SS Republic sunken treasure. The $10 million exhibit is produced by Monaco Financial, LLC, of Newport Beach, California.
But wait, there’s more….Visitors to the exhibit will have the opportunity to obtain a free copy of the informative reference book, An Insider’s Guide to Collecting Type I Double Eagles, by Adam Crum, and meet the author in person.
Type I Double Eagles, also known as No Motto Double Eagles, were struck from 1849 to 1866. The obverse depicts “Miss Liberty” with a coronet in her hair, and there is no “IN GOD WE TRUST” motto on the reverse. The motto would be added in 1866 (and there are both No Motto and Motto varieties that year. The Paquet Double Eagle is named after Mint engraver, Anthony C. Paquet who redesigned the reverse of the 1861 coin; however, most of the pieces struck were destroyed and only a handful of specimens survive today.
“The Paquet reverse was the first attempt to refine the design of the reverse of the Double Eagle; however, because of technical problems the effort was quickly scuttled by the Mint Director. All but two of the Philadelphia coins ended up being melted,” explained Crum, Monaco Financial Vice President.
The special display is part of a traveling exhibit of Type I Coronet Double Eagles recovered from the 1865 shipwreck of the SS Republic off the coast of Savannah, Georgia in 2003.
For additional information about the coins and the exhibit, contact: Adam Crum at Monaco Financial, 4900 Birch St., Newport Beach, CA 92660. Phone: 888-900-9948.