The 1861 Paquet Reverse Double Eagle is one of the most famous and sought-after coins in American numismatic history. Known for its unique design and rarity, it represents a significant piece of the U.S. Mint’s history and the era during which it was produced. In this article, we’ll explore the history, design, and significance of this remarkable coin, as well as answer some common questions about its value and place in coin-collecting history.
History of the 1861 Paquet Reverse Double Eagle
In 1861, the United States Mint produced a series of Double Eagle coins, which featured a face value of $20. These coins were primarily used for large-scale transactions and were an important part of the U.S. economy at the time. However, the 1861 version of the Double Eagle is particularly special because of its design.
The coin was originally created with a design by James B. Longacre, but a new design was introduced by Anthony C. Paquet for the reverse (the back) of the coin. This change was part of a plan to modernize U.S. coinage and give it a more refined, artistic look.
Unfortunately, due to the timing and the onset of the Civil War, very few coins with the Paquet reverse were struck. As a result, only a small number of these coins were minted, making the 1861 Paquet Reverse Double Eagle extremely rare and valuable today.
Design of the 1861 Paquet Reverse Double Eagle
The obverse (front) of the coin features a classic design by James B. Longacre, showing a profile of Lady Liberty wearing a coronet with the word “Liberty” on it. This was a typical design used for U.S. coins during the 19th century.
The reverse (back) of the coin, designed by Anthony C. Paquet, is where the changes occurred. The original design featured a traditional eagle holding arrows and an olive branch. However, Paquet’s version was more detailed, showing the eagle with a stronger, more stylized appearance. The eagle is holding the arrows and olive branch in a more aggressive manner, symbolizing strength and protection. The words “UNITED STATES OF AMERICA” and “TWENTY DOLLARS” are also inscribed on the reverse, as required by law.
One of the most distinctive features of the Paquet Reverse is the relatively high-relief design, which made the coin harder to strike. This high-relief style gave the coin a much deeper and more detailed appearance compared to other coins of the time.
Rarity and Value
The 1861 Paquet Reverse Double Eagle is considered one of the most valuable coins ever produced. Of the original coins struck, only a handful of them have survived in good condition. The rarity of the coin is what drives its value, and it has become a coveted item for serious collectors.
The coin is highly sought after in the numismatic community, and it is considered one of the rarest U.S. coins in existence. In fact, the 1861 Paquet Reverse Double Eagle can fetch millions of dollars at auctions, depending on its condition and provenance.
Why is the 1861 Paquet Reverse Double Eagle So Special?
The combination of historical significance, rarity, and unique design makes the 1861 Paquet Reverse Double Eagle a true treasure. The fact that only a limited number of these coins were struck, combined with the stylistic changes made to the reverse design, means that collectors see this coin as a one-of-a-kind artifact from an important moment in U.S. history.
Collectors also appreciate the high-relief design of the coin, which gives it a distinctive look and feel compared to other coins of the time. This coin is more than just a piece of currency; it is a piece of art and history, representing the vision and artistry of its designers.
Conclusion
The 1861 Paquet Reverse Double Eagle is a legendary coin with a unique design, historical significance, and extreme rarity. Whether you’re a collector or a history enthusiast, this coin represents an important piece of U.S. numismatic history. With only a small number of these coins still in existence, it is a true treasure that continues to captivate collectors worldwide.
Table: Key Facts about the 1861 Paquet Reverse Double Eagle
| Feature | Description |
|---|---|
| Year Minted | 1861 |
| Design | Paquet Reverse |
| Designer (Obverse) | James B. Longacre |
| Designer (Reverse) | Anthony C. Paquet |
| Mintmark | Philadelphia (no mintmark) |
| Metal | 90% Gold, 10% Copper |
| Value | Varies from $100,000 to $2,000,000+ |
| Rarity | Extremely rare, only 20 to 30 coins made |
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FAQs
1. How many 1861 Paquet Reverse Double Eagles were made?
Very few 1861 Paquet Reverse Double Eagles were struck—only around 20 to 30 coins were made. This makes the coin incredibly rare.
2. What is the value of an 1861 Paquet Reverse Double Eagle?
The value of the coin can range from hundreds of thousands of dollars to several million, depending on its condition and history. The highest prices are typically seen at auction.
3. Why is this coin called the “Paquet Reverse”?
The name “Paquet Reverse” comes from the reverse design, which was created by Anthony C. Paquet. His design was more intricate and stylized compared to the original.
4. Is the 1861 Paquet Reverse Double Eagle the most valuable U.S. coin?
While it is one of the most valuable U.S. coins, other rare coins like the 1913 Liberty Head Nickel and the 1794 Flowing Hair Dollar are also considered among the most valuable in American numismatics.
5. Where can I find an 1861 Paquet Reverse Double Eagle?
Due to its rarity, the 1861 Paquet Reverse Double Eagle is not commonly found in circulation. Most are held in private collections, museums, or are sold at auction.