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LIBERTY HEAD (NO MOTTO ON REVERSE) TWENTY DOLLARS OR DOUBLE EAGLE (1849-1866)

1855 Double Eagle

 

1855 Double Eagle or $20 Gold

PCGS No: 8914
Circulation strikes Mintage: 364,666
Proofs: Unknown
Designer: James Barton Longacre
Diameter: ±34 millimeters
Metal content: Gold - 90%
Other - 10%
Weight: ±516 grains (±33.4 grams)
Edge: Reeded
Mintmark: None (for Philadelphia, PA) below the eagle's tail on the reverse.

 

Introduction:
Low-grade examples of the 1855 double eagle are fairly common. The issue becomes increasingly rare in high-grade condition. There were examples of the date found on the S.S. Central America and S.S. Republic. Most of these were Extremely Fine or About Uncirculated, but a few were on the low end of the Mint State scale. The 1855 double eagle is a true condition rarity. Nearly all of the known coins for the date are low grade. It has been reported that an MS-63 example sold for $44,000 in the summer of 2004.

Key to Collecting: The 1855 Philadelphia Mint double eagle is fairly scarce in all grades. Most are VF or EF, less often AU.

Aspects of Striking:
Usually sharp. Die cracks are not uncommon.

Die Data: 1855 four-digit date logotype with 1 and 8 close, 85 slightly farther apart, 55 even farther apart. Top interior of 8 is slightly smaller than bottom interior; italic 5's; bottoms of 5's slightly lower than bottoms of 18. Used on all dies for all mints. Multiple die pairs were used. Logotype position variations exist as do variations as to the depdi or shallowness of the date.


Number of Appearances: 88 (20%)
High Grade Condition Points: 43
Average Grade: VF-38

Auction Records:
(14) Unc: Stack's 9/81; New England 7/80; Stack's 9/77; ANA 1976; Stack's 4/76; Paramount 5/75; Davies/Niewoehner 1975; AAA 11/74; Alto 1970; Stack's 10/70; Ward 1964; Cicero 1960; WGC 1946; Bell 1944

(15) AU: Auction '80; Numisco 5/80; Stack's 6/79; New England 3/79; B&R 4/78; Stack's 6/77, 6/74; Scanlon 1973; Stack's 4/71, 6/70, 2/70; Miles 1968; Stack's 10/66; Walton 1963; Holmes I960

(30) EF: Coin Galleries 6/80; Stack's 3/80, 10/79, 9/79 (2); Auction '79 (2); Stack's 2/ 79; Kagin's 9/78; Stack's 6/ 78; Ivy 1 / 78; R ARCOA 1 / 78; Stack's 9/ 77; New England 7/77; Stack's 2/77; ANA 1976 (2); Stack's 9/75; Pine Tree 6/75 (2); ANA 1974; Stack's 1/70; Paramount 11/69; Stack's 3/69, 5/68; Bolt 1966; Kosoff 10/65; Bell 1963; Wolfson 1962; Roach 1944

(29) VF: New England 11/80; B&R 1/80; Stack's 12/79; NASCA 10/79; Superior 2/78; ANA 1976; ANA 1975; Stack's 4/30/75; Superior 10/74; Stack's 2/74; Gilhousen 1973; Kreisberg/Cohen 9/71; ANA 1971; Kreisberg/Cohen 11/70; ANA 1968; Shuford 1968; Stack's 4/67; Kosoff 10/65; FUN 1963; Golden 1963, 1962; Cicero 1960; Melish 1956(2); Smith 1955; Farouk 1954; Menjou 1950; Lee 1947; Atwater 1946

Comments:
The 1855 is quite scarce in any condition and in mint state it is definitely rare. Overall, it is similar in rarity to the 1856, 1857, 1858, 1863 and 1864 among Type I Double Eagles. I have seen several uncs that I would call choice (63) but I have never seen one that would qualify as a gem by today's standards, nor have I ever heard of one. The typically available specimen is VF or EF and all the examples of this date that I've seen were frosty. No proofs of this date have even been reported and it is doubtful if any were minted.

1855 HISTORICAL HIGHTLIGHTS

New York City, Feb. 6. Anti-Slavery Soeietv hears Ralph Waldo Emerson estimate that $200 million would be enough to buy every slave's freedom.
Washington, D.C., March 3. Congress agrees to Secretary of War Jefferson Davis's plan to import Egyptian camels to Southwest at cost of $30.000.
Massachusetts, Apr. 28. Segregation banned in all schools.
New York City, May 9. Brownhelm County, Ohio, clerk John Mercer Langston, first Negro elected to public office in United States, addresses American Anti-Slavery Society.
Kansas, August. John Brown joins his sons and becomes leader of local militia (-» Aug. 30, 1856).
Seattle, Washington, Sept. 28. Puget Sound Anti-Chinese Congress decides to frighten Chinese into leaving state; (many do depart] (-• Nov. 3).
Tacoma, Washington, Nov. 3. Led by mayor, sheriff and deputies, a mob travels through Chinese district. throwing Chinese out of town (-9).
Tacoma, Washington, Nov. 9.U.S. troops arrive to arrest residents who were involved in expulsion of Chinese.
California. Firsl lighthouse on Pacific Ocean is built off coast of San Diego.
Nevrtown Creek, New York. Dr. Abraham Gesner makes kerosene from raw petroleum; promotes it as patent medicine.
Watertown, Wisconsin. First kindergarten in United States, though German-speaking, founded by Mrs. Carl Schurz.
Salt Lake City. Brigham Young proclaims thai a single drop of Negro blood renders a man unfit to enter Mormon priesthood.
United States. American Telegraph Co. formed to transmit messages in Eastern states.
United States. Frank Leslie's Illustrated Newspaper begun.
New York City. In seven years since its printing. Stephen Foster's Cantpiown Races has earned him only $101.25.
New York City. My Bondage. My Freedom published by ex-slave and abolitionist Frederick Douglass.


See Double Eagle Gold Coins for sale. Click here!

Courtesy Akers: United States Gold Coins - An Analysis of Auction Records
Courtesy Bowers: A Guide Book of Double Eagle Gold Coins




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1855 Double Eagle - Type I Double Eagles - Philadelphia Mint
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