1866 Liberty Head Double Eagle. MS-62 (PCGS). CAC.

A fully lustrous example with remarkably untouched surfaces for a survivor of this historically significant and eagerly sought issue. Undeniably original in preservation, as well, with solid striking detail and plenty of eye appeal. The first year of the Type II design with the addition of the motto IN GOD WE TRUST on the reverse, the post-Civil War economy was still quite tenuous when the Philadelphia Mint struck 698,745 double eagles in 1866. The entire issue entered commercial channels with little fanfare and were subject to hoarding or were used for overseas payments where specie was the preferred medium of exchange, a situation that would persist well into the 1870s. Even though a few thousand survivors are thought extant, almost all of these are in lower circulated grade levels. Popular as the first year issue for the Motto type, here is a desirable and rare Mint State offering for the double eagle connoisseur, especially since it is tied for highest graded with CAC approval with only one other MS-62.

PCGS# 8949. NGC ID: 269X.

PCGS Population: 10; 2 finer (MS-64 finest). CAC Population: 2; 0.

From the Fairmont Collection-Hendricks Set.

Estimate: $ 18000