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Lot 2267 |
1861-S $20 Paquet XF40 PCGS....
Auction: 2008 December Houston, TX Signature Coin Auction #1118
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| Sold for: | Sign-in or Join (free & quick) |
| Ended: | Dec 4, 2008 |
| Item Activity: |
8 Internet/mail/phone bidders
 1,418 page views |
Description:
Popular 1861-S Paquet Reverse Twenty, XF40
1861-S $20 Paquet XF40 PCGS. Telegraph lines and the Pony Express played an important role in the production of the famous 1861-S Paquet Reverse double eagles. Anthony Paquet, who served as assistant engraver at the Mint, and also as a consulting engraver during different times in the 1850s and 1860s, created this distinctive reverse design modification for use at Philadelphia and San Francisco in 1861. Dies were also sent to New Orleans, but word was received there in time that none were produced, so far as we know, although it is always fun to speculate about the existence of such a coin.One of the Paquet dies was sent to San Francisco, and placed in service early in the year. Meanwhile, a similar die was used in Philadelphia, but found to be slightly different in dimensions from the standard obverse die. The field inside the border on the reverse had a slightly larger diameter, and the size difference can easily be seen on the present coin. It was the size difference that led Philadelphia Mint officials to stop using the die, and to send word out to the west coast for the San Francisco Mint to stop using the die as well. The communication quickly reached the end of the telegraph lines in Missouri, and was sent overland from there to California, probably by Pony Express. The famous Pony Express operated between St. Joseph, Missouri and Sacramento, California between April 1860 and October 1861.
By the time word finally reached Mint officials in San Francisco, they had already produced and released 19,250 of the coins. Today, there are between 100 and 200 of these coins surviving, mostly in VF and XF grades, much like this pleasing coin. The surfaces are quite smooth for the grade, with fewer abrasions than normally seen. Both sides have medium yellow color with traces of green, and hints of hidden luster. Population: 12 in 40, 58 finer (10/08).
From The Deadwood Gulch Collection.(Registry values: N4719) (#8936)
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Shipping Description: Coins & Currency (view shipping information)
Guides and Pricing Information:
Previous Prices from Heritage Auctions
| Lot | Date | Grade | Service | Realized |
|---|---|---|---|---|
| Auction 444, Lot 2016 | Sunday, August 12, 2007 | 40 | PCGS | $51,750.00 |
| Auction 163, Lot 8508 | Saturday, August 17, 1996 | 40 | PCGS | $9,625.00 |
| Auction 1114, Lot 2049 | Sunday, August 3, 2008 | 40 | NGC | $60,375.00 |
| Auction 137, Lot 5941 | Sunday, June 4, 1995 | 40 | NGC | $7,810.00 |
| View prices realized from this item in other grades (you must be signed in) | ||||
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