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Type 2 Double Eagles

LIBERTY HEAD (WITH MOTTO ON REVERSE) TWENTY DOLLARS
TYPE II DOUBLE EAGLE (1866-1876)

1866 Double Eagle
"TWENTY D." ON REVERSE (1866-1876)

Longacre’s Liberty Head Type 2 Double Eagle (1866-1876): The motto IN GOD WE TRUST was added to the original Double Eagle by enlarging the oval of stars above the eagle’s head and placing the motto in it. This modification did not require a major alteration of the Double Eagle design as was the case with adding the motto to the lower denominations. It was made at the behest of Salmon P. Chase, Secretary of Treasury and Congress because of pressure brought about by the Reverend M.R. Watkinson of Ridleyville, Pennsylvania.

Despite this new coinage act, 120,000 1866 San Francisco double eagle coins were minted without the new motto. Obviously older Double Eagle dies were in use in the branch mint and were used for this date. All branch mint Double Eagle dies were made in Philadelphia, and it is reasonable to assume that the trip was too long for the new dies to reach San Francisco on time.

Originally all of the United States coinage was secular. However, in the first sixty or so years of the United States’ existence, religious life became more important to the populace. By 1860, twenty-three percent of the population belonged to a church or had some kind of religious affiliation. Groups such as the National Reform Association wanted to amend the Constitution to acknowledge the Lord Jesus Christ as the source of all power and authority in government. The amendment was unsuccessful; however, the sentiment to bring religion into government remained strong. President Abraham Lincoln chose James Pollock to be the Mint Director in 1861. He served until 1867. Pollock was in favor of the idea that the nation depended on the will of God. Reverend Watkinson was the first person who actually addressed this “need.” He believed that adding the name of God to our coinage would, “…relieve us from the ignominy of heathenism…[and] place us openly under the divine protection….” The Coinage Act of 1865 created the authority to place the motto on all coins. In 1866 it was placed on the half eagle, the eagle and the double eagle as well as on silver coinage and the shield nickel. It wasn’t until the newly designed Double Eagle of Augusts Saint-Gaudens that the motto was briefly omitted in 1907 because of President Theodore Roosevelt’s objection to it.

The business strike mintage of the Type 2 Double Eagle was 16,160,758. The year with the largest mintage was 1873 with 1,709,825, although there were two varieties that year an open and closed 3. The lowest mintage was the 1873-CC with 22,410.

Specifications:
Edge: Reeded
Weight: 33.436 grams (516 grains) (1.075 troy ounces)
Diameter: 34 millimeters
Composition: 90% gold, 10% copper
Gold Content: 30.093 grams (464.4 grains) (0.9675 troy ounces)

DATE NOTES
1866 Double Eagle
Most often seen VF to XF; rare in Mint State; the finest certified is a single MS64 example. Approximately 15 proofs are known. 1866 With Motto $20 PCGS MS61
1866-S Double Eagle
Most often seen VF to XF; available in AU grades; rare in Mint State; the finest certified are 10 in MS62.
1867 Double Eagle
Available in grades up to MS61; the finest certified are 3 in MS63. Also seen with prooflike surfaces. Approximately 11 proofs are known. 1867 $20 WM NGC MS62
1867-S Double Eagle
Available in grades up to AU58; rare in Mint State; the finest certified is a single MS63 example.
1868 Double Eagle
Scarce in all grades; most often seen in VF to XF condition; the finest certified is a single MS63 example. Also seen with prooflike surfaces. Approximately 11 proofs are known.
1868-S Double Eagle
Available in circulated grades; scarce in AU condition and rare in Mint State; the finest certified is a single MS64 example.
1869 Double Eagle
Available in XF to AU grades often with heavy bag marks; rare in Mint State; the finest certified is a single MS65 example. Approximately 11 proofs are known. 1869 $20 WM NGC AU58
1869-S Double Eagle
Usually seen in VF to XF grades; rare in Mint State; the finest certified are 8 in MS64.
1870 Double Eagle
Scarce in all grades; rare in Mint State; the finest certified is a single MS64 example. Approximately 10 proofs are known.
1870-S Double Eagle
Usually seen in VF to XF condition; rare in Mint State; the finest certified is a single MS63 example.
1870-CC Double Eagle
Low mintage; key to the series; approximately 40 are known to exist in all grades; the finest certified is a single AU58 example; this coin is included in 100 Greatest U.S. Coins.
1871 Double Eagle
Scarce in all grades; usually seen in VF to XF condition, often with heavy abrasion marks; the finest circulated are 4 in MS64. Approximately 10 proofs are known.
1871-S Double Eagle
Common in grades up to AU58; available in lower Mint State grades; the finest certified are 2 in MS64.
1871-CC Double Eagle
Scarce in XF and AU condition; rare in Mint State; the finest certified is a single MS64 example. 1871-CC Double Eagle $20 Double Eagle NGC AU55
1872 Double Eagle
Usually seen in VF to XF condition; rare in Mint State; the finest certified are 2 in MS64; also seen with prooflike surfaces. Approximately 10 proofs are known.
1872-S Double Eagle
Common in grades up to AU58; scarce in lower Mint State grades; rare above MS61; the finest certified is a single MS64 example; also seen with prooflike surfaces.
1872-CC Double Eagle
Available in VF to XF condition; rare in Mint State; the finest certified are 2 in MS62.
1873 Double Eagle
Found with Open and Closed 3's in the date. The Closed 3 in the rarer variety by far; the Closed 3 is available in grades up to AU58; it is rare in Mint State; the finest certified are 10 in MS62. Approximately 11 proofs are known. The Open 3 is a common date and twenty times more plentiful than the Closed 3 variety. The finest certified Closed 3 are 2 in MS65; also seen with prooflike surfaces.
1873-S Double Eagle
Found with Open and Closed 3s in the date. The Closed 3 is more common. It is common in grades up to MS61; rare in higher Mint State grades; the finest certified are 3 in MS63. The Open 3 is available in grades up to AU58; it is scarce in lower Mint State grades; the finest certified are 7 in MS62.
1873-CC Double Eagle
Closed 3 variety only.All are Closed 3 variety. Available in VF to XF condition; rare in Mint State; the finest certified is a single MS63 example.
1874 Double Eagle
Usually seen in VF to AU grades; available up to MS61; the finest certified are 3 in MS64. Approximately 8 proofs are known.
1874-S Double Eagle
Common in grades of VF to AU; available in grades up to MS61; the finest certified are 7 in MS63.
1874-CC Double Eagle
Common in grades up to AU; very rare in Mint State; the finest certified are 2 in MS62.
1875 Double Eagle
Common in grades up to MS62; rare in higher Mint State grades; the finest certified is a single MS66 example; also seen with prooflike surfaces. Approximately 10 proofs are known.
1875-S Double Eagle
Common in grades up to MS61; rare in higher Mint State grades; the finest certified are 2 in MS67; also seen with prooflike surfaces.
1875-CC Double Eagle
Most common CC double eagle; available in grades up to MS62; the finest certified are 2 in MS64.
1876 Double Eagle
Usually seen in VF to AU grades; available in grades up to MS62; the finest certified is a single MS64+ example; also seen with prooflike surfaces. Approximately 16 or 17 proofs are known.
1876-S Double Eagle
Common in grades up to MS62; the finest certified are 3 in MS65 condition; also seen with prooflike surfaces.
1876-CC Double Eagle
Available in grades up to MS62; only 4 coins certified MS63; the finest certified is a single MS64 example; also seen with prooflike surfaces.


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Type 2 Double Eagles - Type II Double Eagles - Double Eagle Gold Coins

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