The 1861 Paquet Reverse Double Eagle is one of the most coveted coins in American numismatics, renowned for its historical significance and rarity. This unique coin recently made headlines when it shattered auction records, fetching an astounding $1.2 million.
Its iconic design and limited production have cemented its status as a prized possession for collectors and historians alike.
1861 Paquet Reverse Double Eagle
Designed by Anthony C. Paquet, the 1861 Paquet Reverse Double Eagle was introduced as part of an effort to enhance the aesthetic appeal of U.S. coinage. The reverse design features an intricate and distinctive font style that sets it apart from other coins of its era.
However, production of the Paquet Reverse was limited due to issues with striking quality and durability, leading to its extraordinary rarity today.
Historical Significance
The 1861 Paquet Reverse Double Eagle holds immense historical importance as it reflects the era of the American Civil War. Struck at the Philadelphia and San Francisco Mints, these coins were created during a tumultuous period in U.S. history.
Their limited production and subsequent recall make them a tangible connection to the past, embodying both artistic craftsmanship and historical value.
Condition and Rarity
Only a few specimens of the 1861 Paquet Reverse Double Eagle are known to exist, with even fewer in pristine condition. Coins with minimal wear or those graded by reputable numismatic services are highly sought after.
The rarity of this coin makes it a centerpiece for any serious collection, driving its value to astronomical heights at auctions.
Record-Breaking Sale
The recent auction sale of the 1861 Paquet Reverse Double Eagle for $1.2 million underscores its status as a crown jewel among American coins.
The winning bid reflects not only the coin’s historical and artistic appeal but also the fierce competition among collectors to own such a rare piece. This sale set a new benchmark for the value of this extraordinary coin.
Specifications and Design
| Feature | Detail | Additional Information | Notable Aspect |
|---|---|---|---|
| Year of Issue | 1861 | Civil War Era | Limited Production |
| Mint | Philadelphia and San Francisco | Only Few Survive | Unique Reverse Design |
| Designer | Anthony C. Paquet | Renowned Engraver | Innovative Typography |
| Composition | 90% Gold, 10% Copper | Durable Alloy | Standard for Double Eagles |
| Weight | 33.44 grams | Significant Size | Represents Wealth |
| Diameter | 34 mm | Larger than Most Coins | Impressive Appearance |
| Auction Price | $1.2 Million | Record-Breaking | High Demand Among Collectors |
The 1861 Paquet Reverse Double Eagle continues to captivate numismatists with its story of artistry, history, and unparalleled rarity. Its latest sale further highlights the enduring fascination and value attributed to this remarkable coin.
What makes the 1861 Paquet Reverse Double Eagle unique?
The coin is unique due to its distinct reverse design by Anthony C. Paquet, limited production, and association with the American Civil War era.
Why was the Paquet Reverse design discontinued?
The design was discontinued because of striking issues that affected the durability and quality of the coins.
How many 1861 Paquet Reverse Double Eagles exist today?
Only a few specimens are known to exist, making it one of the rarest U.S. coins.
