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Type 2 Double Eagles

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

"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 Eagles 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 Eagles 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 Eagles 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 MINTAGE FOR CIRCULATION MINTAGE OF PROOFS NOTES
1866
698,745
30 1866 With Motto $20 PCGS MS61
1866-S est. 830,250
0  
1867 251,015
50 1867 $20 WM NGC MS62
1867-S 920,750
0  
1868 98,575
25  
1868-S 837,500
0  
1869 175,130 25 1869 $20 WM NGC AU58
1869-S 686,750
0  
1870 155,150
35  
1870-S 982,000
0  
1870-CC 3,789
0  
1871 80,120
30  
1871-S 928,000
0  
1871-CC 17,387
0 1871-CC $20 Double Eagle NGC AU55
1872 251,850
30  
1872-S 780,000
0  
1872-CC 26,900
0  
1873 1,709,800
25
Found with Open and Closed 3's in the date.
1873-S 1,040,600
0  
1873-CC 22,410
0 Closed 3 variety only.
1874 366,780
20  
1874-S 1,214,000
0  
1874-CC 115,085
0  
1875 295,720
20  
1875-S 1,230,000
0  
1875-CC 111,151
0  
1876 583,860
45  
1876-S 1,597,000
0  
1876-CC 138,441
0  


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

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