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    Description

    1861-S Paquet Double Eagle, AU50
    Famous One-Year Guide Book Type
    Only 150 to 200 Coins Extant

    1861-S $20 Paquet AU50 NGC. The Paquet Reverse double eagles produced at the Philadelphia and San Francisco mints in 1861 are exotic outliers in the Liberty Head twenty dollar gold series. They were manufactured as part of a failed redesign by their namesake, Assistant Engraver Anthony C. Paquet, and are readily identifiable by their distinctive Tall Letters. Other minor differences also distinguish the coins from their regular counterparts. Listed in the Guide Book, these P and S-mint issues are widely known and highly sought-after in and even outside of specialist circles. Part of their fame stems from the existence of only two known Philadelphia survivors, one in MS61 (ex: Dallas Bank) and one in MS67 (ex: Norweb). Both specimens have brought well in excess of seven figures at auction, representing the fourth rarest United States coinage issue.

    Unlike the 1861 Philadelphia variant, the 1861-S Paquet Reverse twenty dollar is moderately collectible. We know that 19,250 examples were struck and issued for circulation, and Doug Winter estimates 150 to 200 coins survive in all grades. Most of those are in VF and XF condition, consistent with heavy use in the channels of Western commerce. Perhaps 25 to 35 pieces exist in About Uncirculated condition, while none are known in Mint State.

    This high-end AU50 1861-S Paquet twenty exhibits a typical strike for the issue with somewhat softer detail than on the regular 1861-S Type One double eagle. That is particularly true of the obverse. The other side is better-defined. Straw-gold surfaces maintain partial mint luster, and marks are surprisingly minor in nature, distributed evenly across each side. Opportunities to add an 1861-S Paquet twenty to one's collection are scarce -- they come up once or twice a year, if that. We would encourage bidders to seize the day.(Registry values: N7079)

    Coin Index Numbers: (NGC ID# 269L, PCGS# 8936)

    Weight: 33.44 grams

    Metal: 90% Gold, 10% Copper


    View Certification Details from NGC

    Auction Info

    Auction Dates
    August, 2021
    18th-22nd Wednesday-Sunday
    Bids + Registered Phone Bidders: 9
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