There are currently no items available for purchase in this Department. Search our Auction Archives below to find item values.
Lot
3110

1861-S $20 Paquet AU58 NGC. It is clear that this reverse ...

2004 Orlando, FL (FUN) Signature Sale #336

 
Sold for: Sign-in or Join (free & quick)
Claim Item: Sign-in or Join (free & quick)
Auction Ended On: Jan 7, 2004
Item Activity: 6 Internet/mail/phone bidders
1,014 page views
Location: Orlando, FL
Description:
One of the Finest Known 1861-S Paquet Reverse Double Eagles, AU58
1861-S $20 Paquet AU58 NGC. It is clear that this reverse variation was noted as early as 1865, as an 1861 Philadelphia Paquet Reverse double eagle was sold as lot 2818 in W.E. Woodward's Bache Collection where it realized $37, a significant sum in this era for an esoteric gold coin sold only four years after its issuance.
The Paquet Reverse received very little in the way of publicity until the 1930s and it was still unknown to many collectors as recently as the late 1940s/early 1950s. A number of San Francisco examples were later located in Europe and, as more surfaced, the fame of the Paquet reverse grew. Today, it is clearly recognized as the rarest double eagle from the San Francisco mint. We believe this issue may still be undervalued when one considers its rarity and great story.
There do not appear to be any pieces known that grade Uncirculated by today's interpretations. There may be as many as 16-20 known in About Uncirculated. The Paquet reverse is very rare in AU55 and extremely rare in AU58. The nicest piece sold in recent memory was the Dallas Bank Collection: 31 coin that was graded "Choice About Uncirculated" by Sotheby's/Stack's. It realized $40,250.
This is the finest Paquet we can remember having handled. Most of the original mint luster still remains, although it is a bit thin in places. The obverse shows a few milling marks. Curiously, the obverse is more noticeably abraded than the reverse despite the fact that the obverse has the regular rim, as seen on all other double eagles. The rim normally offers some measure of protection to the interior devices from abrasions and circulation. The Paquet reverse has a greatly reduced rim and it was quickly discovered that this design flaw increased abrasions and friction from handling. What is particularly noteworthy about this piece (in addition to its high grade), is how clean and problem-free the reverse is. Well struck also, with the only notable softness seen around the peripheral stars on the obverse. Light pinkish-rose patina covers the softly frosted surfaces. A positively outstanding Paquet twenty.(#8936) (Registry values: P8, N19000) (NGC ID# 269L, PCGS# 8936)

View large image(s) of this item

Service and Handling Description: Coin/Currency (view shipping information)

Sales Tax information  | NGC Coin Grading Guarantee  |  Terms and Conditions

Bidding Guidelines and Bid Increments

Guides and Pricing Information:

Previous Prices from Heritage Auctions
Sign-in or Join (free & quick)
Price Guide
Sign-in or Join (free & quick)
Population Guide
Sign-in or Join (free & quick)
Find Auction Prices for Comparable Items:

Photographs:
Sign-in or Join (free & quick) to see the full image




FLOOR AUCTIONS View All
Open For Bidding
Coming Soon
HERITAGE MEMBERSHIP
888,301
bidder-members
$981,940,739
sold in the last year
VIEW BENEFITS
  1. Past Auction Values (prices, photos, full descriptions, etc.)
  2. Bid online
  3. Free Collector newsletter
  4. Want List with instant e-mail notifications
  5. Reduced auction commissions when you resell your
    winnings 
CONSIGNMENTS WANTED
Only 34 days left to consign to the 2015 January 7 - 12 FUN US Coins Signature Auction - Orlando!
Learn About Consigning With Us
Thanks again for all of your wonderful work; much of which has been far beyond the call of duty!
L.S.J. ,
Houston, TX
HA.com receives more traffic than any other auction house website. To compare for yourself, visit: compete.com
Take our 2014 Coin
and Currency Survey
Grand prize:
A Certified Uncirculated
1907 High Relief $20!*
Take the Survey
HERITAGE VIDEO TUTORIAL
GETTING THE MOST OUT OF SEARCH
RECENT AUCTIONS
2014 October 8 - 13 PNG New York Invitational US Coins Signature Auction - New York
2014 October 8 - 13 PNG New York Invitational US Coins Signature Auction - New York
REALIZED $11,173,440
2014 September 3 - 10 Long Beach Expo World Coins Signature Auction - Long Beach
2014 September 3 - 10 Long Beach Expo World Coins Signature Auction - Long Beach
REALIZED $9,069,066
2014 September 4 - 8 Long Beach Expo World Currency Signature Auction - Long Beach
2014 September 4 - 8 Long Beach Expo World Currency Signature Auction - Long Beach
REALIZED $1,806,473