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1861-S $20 Paquet XF40 PCGS....
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Sold on Aug 11, 2010 for:
$63,250.00
Bid Source: Live: Phone bidder
Description
Elusive 1861-S Paquet Twenty, XF40
1861-S $20 Paquet XF40 PCGS. The 1861-S Paquet Reverse double eagles are sometimes known by the oversimplified moniker "Tall Letters." While the reverse letters are considerably taller, there are numerous other points of difference between the Normal Reverse 1861-S twenties and their Paquet counterparts:--Lettering and mintmark. The letters are tall and thin on the Paquet Reverse, with virtually no space inside the enclosed letters: A, E, O, R, D. In particular, the enclosed area inside the O(F) is almost a straight line on the Paquet, while it is nearly round on the Normal Reverse. No period follows TWENTY D on the Paquet Reverse, but a prominent period appears on the Normal Reverse. Because the letters are taller, the S mintmark is smaller on the Paquet, squeezed vertically between the denomination and the eagle's tail, and horizontally between NT of TWENTY. There is a much-wider space between TWENTY and D on the Paquet.
--Glory of stars and rays. The glory of stars intermingles with the rays descending from above on the Normal Reverse. The Paquet Reverse positions the glory lower, with the rays distinctly above it.
--Other design elements. Although many of Paquet's changes to the central reverse design elements are quite subtle, several are noticeable when the two issues are compared side-by-side. The eagle's head is larger on the Paquet. There is more space (and more of a circular space) in the recess outlined by the underside of the neck and the vine the eagle holds in its beak. The terminal volutes on the vines and ornaments are elongated and less rounded on the Paquet. Those at the left and right outsides end below the U and A in UNITED STATES OF AMERICA, while their counterparts on the Normal Reverse end under those letters.
This XF40 example, though appreciably worn, amply illustrates the above considerations. Yellow-orange surfaces remain subtly lustrous with a patch of reddish-brown alloy close to star 13 along the rim. Scattered light abrasions are grade-consistent, as is the wear, though the strike complicates grading slightly. This is particularly noticeable on the horizontal lines in the reverse shield, which show softness. Still, a grand example of this famous Liberty double eagle subtype, housed in a green label holder. Population: 11 in 40, 52 finer (6/10).(Registry values: N4719)
Coin Index Numbers: (NGC ID# 269L, PCGS# 8936, GSID# 9901)
Metal: 90% Gold, 10% Copper
Weight: 33.44 grams
AGW: 0.9675oz
Note for clients in the European Union: This lot is considered by the European Union to be “investment gold”. We believe that it meets the criteria established in Article 344(1), point (2) of Council Directive 2006/112/EC and thus should be exempt from import VAT regardless of the selling price. Any questions or concerns about VAT should be addressed to your accountant or local tax authority.
Auction Info
2010 August Boston, MA Signature & Platinum Night ANA Coin Auction #1143 (go to Auction Home page)
Auction Dates
August, 2010
11th-15th
Wednesday-Sunday
Bids + Registered Phone Bidders: 14
Lot Tracking Activity: N/A
Page Views: 1,608
Buyer's Premium per Lot:
15% of the successful bid per lot.
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