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Auction 1208 | Lot 5712 » Double Eagles » Liberty Double Eagles
1866-S $20 No Motto MS62 NGC. (PCGS# 8945)
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Aug 9, 2014

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Sold For: $246,750.00
Auction 1166 | Lot 5044 » Double Eagles » Liberty Double Eagles
1866-S $20 No Motto MS62 NGC. (PCGS# 8945)
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Jan 8, 2012

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Sold For: $218,500.00
Auction 404 | Lot 4217 » Double Eagles » Liberty Double Eagles
1866-S $20 No Motto AU58 PCGS. This issue is the only Type One double eagle coined in 1866, and it is an important rarity in the series. Although the mintage totaled 120,000 coins, a very small percentage survived, and today only about 200 examples still exist. Nearly all of the survivors are moderately to heavily circulated, with any AU grade coin being elusive. A review of our archives indicates that this example is only the sixth AU-grade specimen we have sold since 1993. Authors Doug Winter and Adam Crum summed up this issue in their book on the Type One double eagles: "The 1866-S No Motto is the second scarcest San Francisco double eagle. It is usually seen in the Very Fine to Extremely Fine grade range and accurately graded Extremely Fine-45 pieces are rare. In About Uncirculated, this date is very rare and it becomes extremely rare in About Uncirculated-55. There are currently no 1866-S No Motto double eagles known in any Uncirculated grade."

The surfaces of this example have a few scuffs and abrasions, including a couple deeper marks on the obverse. However, this is still a finer coin than nearly any other that survives. Both sides are essentially fully lustrous with only a trace of wear. It has rich honey-gold color with traces of pinkish toning. The central obverse and reverse design elements are boldly defined, with some peripheral weakness.

The obverse dies with the new date were sent to San Francisco in November 1865, for use after the first of the new year. It was not until March 1866 that new reverse dies were sent, containing the motto IN GOD WE TRUST. Until those arrived, personnel on the west coast had to use leftover reverse dies from the 1865 coinage. Population: 1 in 58, 0 finer (3/06). (PCGS# 8945)
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Apr 29, 2006

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Sold For: $172,500.00
Auction 1234 | Lot 4824 » Double Eagles » Liberty Double Eagles
1866-S $20 No Motto MS61 PCGS. (PCGS# 8945)
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Grade MS61

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May 1, 2016

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Sold For: $152,750.00
Auction 454 | Lot 3317 » Double Eagles » Liberty Double Eagles
1866-S $20 No Motto AU58 PCGS. (PCGS# 8945)
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Grade AU58

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Jan 12, 2008

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Sold For: $149,500.00
Auction 1381 | Lot 3425 » Double Eagles » Liberty Double Eagles
1866-S $20 No Motto MS61 NGC. (PCGS# 8945)
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Mar 2, 2025

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Sold For: $132,000.00
Auction 1125 | Lot 1859 » Double Eagles » Liberty Double Eagles
1866-S $20 No Motto AU58 PCGS. (PCGS# 8945)
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May 31, 2009

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Sold For: $103,500.00
Auction 414 | Lot 5640 » Double Eagles » Liberty Double Eagles
1866-S $20 No Motto AU55 NGC. The San Francisco Mint produced two different design double eagles in this transitional year. The No Motto coins were produced in February 1866, prior to arrival of new reverse dies that were shipped the next month. San Francisco Mint records indicated that actual production of the Type One issue amounted to 120,000 coins, although several sources have given an alternative mintage of 12,000 coins, suggesting that most of the original coinage was melted. It is especially confusing that the 2007 Guide Book of United States Coins records a mintage of 12,000 coins, while the same publisher's A Guide Book of Double Eagle Gold Coins records 120,000 coins. Careful examination of Mint records might reveal the actual total. Regardless of mintage, this particular issue is the second rarest San Francisco Mint double eagle behind the 1861-S Paquet Reverse variety. It is especially rare in high grades, and Mint State examples are currently unknown.

Approximately 200 examples of this rare issue still exist today (Dave Bowers gave a range of 175 to 250 pieces), and nearly all grade in the VF to XF range. Only a few pieces grade AU, perhaps a dozen in total. A quarter century ago, David Akers stated that only two AU examples were known to him. This example has brilliant yellow-gold surfaces with a hint of greenish color. Both sides have nearly full frosty mint luster, and have only been slightly touched by circulation. Traces of wear are visible on Liberty's cheek and top hair curls. The reverse is essentially mint state without evidence of wear. Both sides are sharply struck with essentially full design details. The stars around the obverse are fully defined and even the reverse stars have strong design details. Minor abrasions are evident, somewhat heavier on the obverse with prominent marks between Liberty's lowest curls and star 13. Lighter marks appear above star 4, near the border. As often, the reverse has much cleaner surfaces that ar (PCGS# 8945)
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Aug 14, 2006

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Sold For: $97,750.00
Auction 1385 | Lot 3490 » Double Eagles » Liberty Double Eagles
1866-S $20 No Motto AU58 PCGS. (PCGS# 8945)
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Aug 31, 2025

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Sold For: $84,000.00
Auction 1251 | Lot 6022 » Double Eagles » Liberty Double Eagles
1866-S $20 No Motto AU58 NGC. (PCGS# 8945)
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Jan 9, 2017

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Sold For: $76,375.00
Auction 1291 | Lot 4734 » Double Eagles » Liberty Double Eagles
1866-S $20 No Motto AU58 NGC. CAC. (PCGS# 8945)
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Jan 14, 2019

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Sold For: $72,000.00
Auction 1374 | Lot 4610 » Double Eagles » Liberty Double Eagles
1866-S $20 No Motto AU58 PCGS. (PCGS# 8945)
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May 12, 2024

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Sold For: $72,000.00
Auction 446 | Lot 3797 » Double Eagles » Liberty Double Eagles
1866-S $20 No Motto AU55 NGC. (PCGS# 8945)
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Grade AU55

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Sep 28, 2007

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Sold For: $69,000.00
Auction 1204 | Lot 5819 » Double Eagles » Liberty Double Eagles
1866-S $20 No Motto AU55 NGC. CAC. (PCGS# 8945)
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Service Green CAC, NGC

Grade AU55

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Apr 27, 2014

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Sold For: $64,625.00
Auction 1278 | Lot 5312 » Double Eagles » Liberty Double Eagles
1866-S $20 No Motto AU58 NGC. (PCGS# 8945)
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Aug 16, 2018

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Sold For: $63,000.00
Auction 1318 | Lot 4041 » Double Eagles » Liberty Double Eagles
1866-S $20 No Motto AU58 NGC. (PCGS# 8945)
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Aug 9, 2020

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Sold For: $60,014.40
Auction 1154 | Lot 5471 » Double Eagles » Liberty Double Eagles
1866-S $20 No Motto AU55 NGC. (PCGS# 8945)
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Grade AU55

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May 1, 2011

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Sold For: $57,500.00
Auction 1184 | Lot 4576 » Double Eagles » Liberty Double Eagles
1866-S $20 No Motto AU55 NGC. (PCGS# 8945)
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Grade AU55

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Apr 28, 2013

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Sold For: $55,812.50
Auction 1333 | Lot 3476 » Double Eagles » Liberty Double Eagles
1866-S $20 No Motto AU55 NGC. (PCGS# 8945)
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Aug 22, 2021

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Sold For: $55,200.00
Auction 1365 | Lot 3160 » Double Eagles » Liberty Double Eagles
1866-S $20 No Motto AU55 NGC. CAC. (PCGS# 8945)
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Sep 14, 2023

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Sold For: $50,400.00
Auction 1342 | Lot 3322 » Double Eagles » Liberty Double Eagles
1866-S $20 No Motto AU55 NGC. (PCGS# 8945)
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Feb 27, 2022

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Sold For: $50,400.00
Auction 1251 | Lot 6021 » Double Eagles » Liberty Double Eagles
1866-S $20 No Motto AU55 NGC. (PCGS# 8945)
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Grade AU55

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Jan 9, 2017

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Sold For: $47,000.00
Auction 1127 | Lot 2006 » Double Eagles » Liberty Double Eagles
1866-S $20 No Motto AU53 PCGS. (PCGS# 8945)
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Grade AU53

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Jul 12, 2009

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Sold For: $46,000.00
Auction 1117 | Lot 3044 » Double Eagles » Liberty Double Eagles
1866-S $20 No Motto AU53 NGC. (PCGS# 8945)
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Grade AU53

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Oct 25, 2008

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Sold For: $46,000.00
Auction 1292 | Lot 3900 » Double Eagles » Liberty Double Eagles
1866-S $20 No Motto AU55 NGC. (PCGS# 8945)
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Grade AU55

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Jan 31, 2019

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Sold For: $43,200.00

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