The 1861 S Coronet Head Gold $20 Double Eagle is an exciting coin that many collectors and history buffs admire. This coin features a beautiful design and an interesting history that adds to its value. The term “Paquet Reverse” refers to a specific style of the coin’s reverse side, created by engraver Anthony C. Paquet. This article will explore the coin’s history, design, value, and what makes it special.
Overview of the 1861 S Coronet Head Gold Double Eagle
The 1861 S Coronet Head Gold Double Eagle is a gold coin worth twenty dollars, which was minted in the United States. The 1861 S version was struck at the San Francisco Mint during a time of great change in the country. The coin is made of 90% gold and 10% copper, giving it a beautiful golden color and great durability.
What Does “Double Eagle” Mean?
The term “Double Eagle” comes from the fact that this coin is worth two Eagles. An Eagle was a coin worth ten dollars, so a Double Eagle is worth twenty dollars. These coins were used during a time when gold was a big part of American currency.
The Significance of the Year 1861
The year 1861 is significant in American history because it was the beginning of the Civil War. This conflict changed the nation and affected many aspects of everyday life, including the economy and coin production. The San Francisco Mint was crucial during this time, helping to produce enough gold coins to support the growing economy.
Design Features
The Obverse: Coronet Head
The obverse (front) of the coin features a design known as the Coronet Head. This design shows Lady Liberty wearing a coronet, which is a type of crown. Lady Liberty is a symbol of freedom and democracy in the United States.
The Reverse: Paquet Design
The reverse (back) of the 1861 S Double Eagle is where the Paquet design comes in. The Paquet Reverse features an eagle with a more pronounced and dramatic design than other versions. The eagle is depicted holding a shield, olive branch, and arrows, symbolizing strength and peace.
Table of Design Features
| Feature | Description |
|---|---|
| Coin Type | Double Eagle |
| Year | 1861 |
| Mint Mark | S (San Francisco) |
| Obverse Design | Coronet Head |
| Reverse Design | Paquet Reverse |
| Metal Content | 90% gold, 10% copper |
| Weight | 33.44 grams (1.075 ounces) |
| Diameter | 34 mm |
Historical Context
Production Challenges
During the Civil War, the production of coins faced many challenges. Gold was in high demand, and the Mint had to work quickly to produce enough coins to meet the needs of the public. The San Francisco Mint played a vital role in this process, as it was one of the few mints on the West Coast.
Rarity and Collectibility
The 1861 S Coronet Head Gold $20 Double Eagle is highly sought after by collectors. Only a limited number were minted, and many were melted down over the years. This rarity adds to its appeal and value in the numismatic market.
Current Market Value
Factors Affecting Value
Several factors affect the value of the 1861 S Double Eagle, including its condition, rarity, and market demand. Coins in better condition are worth significantly more than those that show signs of wear and tear.
Estimated Value Range
As of now, the value of an 1861 S Coronet Head Gold $20 Double Eagle can range from several thousand dollars to tens of thousands, depending on its condition and grading. Some exceptional pieces have sold for over $100,000 at auctions.
Conclusion
The 1861 S Coronet Head Gold $20 Double Eagle with the Paquet Reverse is more than just a coin; it’s a piece of American history. Its unique design, historical significance, and rarity make it a prized possession for collectors. Understanding its background and features can enhance your appreciation for this remarkable coin. Whether you’re a seasoned collector or just starting, the 1861 S Double Eagle is a fascinating topic worth exploring.
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FAQs
What does “Paquet Reverse” mean?
The “Paquet Reverse” refers to a specific design style on the back of the coin created by engraver Anthony C. Paquet, known for its bold features.
Why is the 1861 S Coronet Head Gold Double Eagle important?
It is significant due to its historical context during the Civil War and its limited production, making it rare and valuable.
How can I tell if my coin is an 1861 S Coronet Head Gold Double Eagle?
Check for the mint mark “S” on the coin’s reverse side, along with its design features to confirm its authenticity.
Where can I sell or buy an 1861 S Coronet Head Gold Double Eagle?
You can buy or sell coins through reputable coin dealers, auction houses, or online marketplaces specializing in numismatics.
How do I care for my gold coins?
Keep your coins in a dry, cool place, and handle them carefully to avoid scratches. Use soft gloves when touching the surface.