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

1863 Double Eagle

1863 Double Eagle
1863 Double Eagle
PCGS No: 8932, 9073
Mintage:  
Circulation strikes: 142,790
Proofs: 30
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) below the eagle's tail on the reverse.
Introduction:
The mintage of gold coins at the Philadelphia Mint in 1863 was low for all denominations. In fact, there were no quarter eagles struck at all. The double eagles for the year are scarce in all grades. None were found on the S.S. Brother Jonathan, and only 35 examples were on the S.S. Republic. The 1863 issue is very rare in Mint State, with just a few pieces known in choice condition. The circulation-strike issues from Philadelphia were not collected at the time of issue, as Proof coins were the preferred standard. In fact, the Smithsonian lacks an example of the issue.
Key to Collecting: The 1863 double eagle is scarce in all grades. Most are VF and EF, punctuated by occasional offerings of AU examples. True Mint State coins are so rare that many old-rimers have never seen one. Proofs come on the market from time to time, are rare, and when seen usually show hairlines even if catalogued as "gem."
Aspects of Striking: Usually well struck.
Die Data: 1863 four-digit date logotype with 18 close; 86 widest, and 63 with spacing more dian 18 but not quite as much as 86. Top interior space of 8 with, perhaps, just 60% of the area of the lower interior space; 3 with smaller knob at top. Logotype used on all dies and at both mints.
Proof die data and notes: On the Proof die, it was impressed very lightiy, and thus the figures appear more delicate than on typical business strikes. First 1 (1861) closer to neck than to dentils.
Trompeter Specimen: Date high and well to right; partial extra outlines at fourth to sixth stars; dentils well apart at lower right. Reverse die of 1861-2, again repolished.






Number of Appearances: 72 (16%)
High Grade Condition Points: 19

Auction Records:

(15) Proof: New England 12/76; ANA 1976; Stack's 3/76; ANA 1974; DiBello 1970; Wolfson 1962; Melish 1956; Farouk 1954; Menjou 1950; MC 1948; Lee 1947; Atwater 1946; WGC 1946; Bell 1944; Dunham 1941

(5) Unc: Alto 1970; Stack's 10/70, 10/66; Walton 1963; Roach 1944

(9) AU: Stack's 9/81; Paramount 11/79; Auction '79; ANA 1976; Stack's 4/30/75, 6/74; Miles 1968; Stack's 6/68; Bell 1963

(22) EF: Stack's 3/81, 3/80, 9/79(2), 6/79(3); New England 3/79; Stack's 2/79; Kagin's 9/78; Stack's 6/77, 2/77; ANA 1976; ANA 1974; Scanlon 1973; ANA 1972; Paramount 2/71, 11/70; Stack's 6/70; Paramount 5/70; Stack's 4/67; Kosoff 10/65

(19) VF: Stack's 12/79; Paramount 5/76; GENA 1975; Superior 10/74; Paramount 5/74; Gilhousen 1973; Stack's 12/72; Paramount 3/72, 5/71; Stack's 4/71; Kreisberg Cohen 11/70; Stack's 3/69; ANA 1968; Shuford 1968; Stack's 5/68; Paramount 2/67, 10/66, 5/66; Bolt 1966

(2) Fine: Paramount 2/65; Kern 1950

Comments:
As a date, the 1863 is not quite as rare as the 1862 but it is even more rare than the 1862 in high grade. I have personally seen only two 1863's that I would call Unc. (both 60 quality only) and just a handful of legitimate All's. Almost the entire business strike population of this date grades only VF or EF. Proofs of this date are very rare; only an estimated 11-12 still exist. However, along with the 1862 and 1864. the 1863 is one of the three most often encountered proofs prior to 1881. In terms of overall rarity. I put the 1863 on the same level as such dates as the 1855, 1856, 1857, 1858 and 1864 among others.

See this 1863 Double Eagle 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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