LOT Bowers and Merena Auctions  /  The September 2008 Beverly Hills Rarities Sale  / 

850

1861-S Liberty $20. Paquet Reverse. AU55 (NGC).

Currency:USD Category:Coins & Paper Money / US Coins Start Price:105,000.00 USD Estimated At:1.00 - 1,000,000.00 USD
1861-S Liberty $20. Paquet Reverse. AU55 (NGC).
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<span style="font-size: large;">Lot #850. 1861-S Liberty Double Eagle. Paquet Reverse. AU-55 (NGC).</span>
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This issue features a unique reverse design in the Liberty Double Eagle series that is attributed to Assistant Engraver Anthony C. Paquet. Although superficial comparison of this reverse to the standard Type I Double Eagle reverse will reveal that they share the same basic design, closer scrutiny confirms that there are considerable differences at and near the borders. The Paquet reverse is characterized by taller, thinner letters in the legend UNITED STATES OF AMERICA and the denomination TWENTY D., and it also features a very narrow rim.
A small number of Paquet reverse Double Eagles were struck in the Philadelphia Mint during early 1861. Shortly thereafter, Mint officials decided that the narrowness of the reverse rim would result in rapid wear and/or significant damage to these coins in circulation. As such, virtually the entire mintage was destroyed and the old Type I reverse design was put back into production. Only two 1861 Paquet Reverse Double Eagles from the Philadelphia Mint are known to exist.
Although the Philadelphia Mint transmitted orders to the San Francisco Mint to also abandon the Paquet Reverse, the telegraph arrived too late to prevent the striking and release of 19,250 examples from the latter facility. Given the extreme rarity of it P-mint counterpart, the 1861-S Paquet represents the only realistically obtainable example of this unique reverse type for most collectors.
This is not to imply that the 1861-S Paquet is a common coin, for it is actually a major numismatic rarity in its own right. Only 90-100 different examples are believed to exist, and not a single one of those coins is Mint State. In fact, the majority of survivors grade VF or EF--a fact that further confirms the conditionally rare status of this problem-free Choice AU.
Visually impressive for an example of the issue, both sides of this coin retain considerable portions of original, softly frosted luster in the protected areas around the devices. The same areas also reveal softer rose-gold highlights, but the outward appearance is largely one of warmer orange-gold color. The quality of strike is characteristic of the issue in that it is relatively bold on the obverse but very sharp on the reverse. All known examples are also heavily abraded and, while this coin is no exception, we are pleased to write that none of the marks are sizeable or otherwise worthy of singular attention. Solidly in the Condition Census for this very rare and highly significant issue, this coin belongs in an important Liberty Double Eagle set.
The 1861-S Paquet is the rarest Type I Double Eagle struck in the San Francisco Mint. It is also rarer than all other Type I Twenties with the exception of the 1854-O, 1855-O, 1856-O, 1859-O and 1860-O.


<span style="font-size: smaller;">Cert Number: 3088853001 </span>
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<table cellspacing="0" cellpadding="3" border="1" id="ctl00_cntBody_FAQ1_grdShippingRates"
style="background-color: White; border-color: #9A3C35; border-width: 1px; border-style: Solid;
width: 350px; border-collapse: collapse;">
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<tr class="AuctionTitleDetail" style="background-color: E0CA7A;">
<td class="AuctionListingsHeadings" valign="top" style="height: 20px; white-space: nowrap;">
Purchase Amount
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<td class="AuctionListingsHeadings" align="right" valign="top" style="width: 75%;">
Postage And Insurance
</td>
</tr>
<tr class="LotDetailInformation">
<td class="AuctionListings" valign="top" style="white-space: nowrap;">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl02_PurchaseAmountTemplate">$0.00 to
$200.00</span>
</td>
<td class="AuctionListings" align="right" valign="top">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl02_PostageAmountTemplate">$6.50</span>
</td>
</tr>
<tr class="LotDetailInformation">
<td class="AuctionListings" valign="top" style="white-space: nowrap;">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl03_PurchaseAmountTemplate">$201.00
to $300.00</span>
</td>
<td class="AuctionListings" align="right" valign="top">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl03_PostageAmountTemplate">$9.00</span>
</td>
</tr>
<tr class="LotDetailInformation">
<td class="AuctionListings" valign="top" style="white-space: nowrap;">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl04_PurchaseAmountTemplate">$301.00
to $1,000.00</span>
</td>
<td class="AuctionListings" align="right" valign="top">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl04_PostageAmountTemplate">$10.50</span>
</td>
</tr>
<tr class="LotDetailInformation">
<td class="AuctionListings" valign="top" style="white-space: nowrap;">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl05_PurchaseAmountTemplate">$1,001.00
to $2,000.00</span>
</td>
<td class="AuctionListings" align="right" valign="top">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl05_PostageAmountTemplate">$13.00</span>
</td>
</tr>
<tr class="LotDetailInformation">
<td class="AuctionListings" valign="top" style="white-space: nowrap;">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl06_PurchaseAmountTemplate">$2,001.00
to $3,000.00</span>
</td>
<td class="AuctionListings" align="right" valign="top">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl06_PostageAmountTemplate">$17.00</span>
</td>
</tr>
<tr class="LotDetailInformation">
<td class="AuctionListings" valign="top" style="white-space: nowrap;">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl07_PurchaseAmountTemplate">$3,001.00
to $5,000.00</span>
</td>
<td class="AuctionListings" align="right" valign="top">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl07_PostageAmountTemplate">$18.00</span>
</td>
</tr>
<tr class="LotDetailInformation">
<td class="AuctionListings" valign="top" style="white-space: nowrap;">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl08_PurchaseAmountTemplate">$5,001.00
to $10,000.00</span>
</td>
<td class="AuctionListings" align="right" valign="top">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl08_PostageAmountTemplate">$23.00</span>
</td>
</tr>
<tr class="LotDetailInformation">
<td class="AuctionListings" valign="top" style="white-space: nowrap;">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl09_PurchaseAmountTemplate">$10,001.00
to $25,000.00</span>
</td>
<td class="AuctionListings" align="right" valign="top">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl09_PostageAmountTemplate">$27.00</span>
</td>
</tr>
<tr class="LotDetailInformation">
<td class="AuctionListings" valign="top" style="white-space: nowrap;">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl10_PurchaseAmountTemplate">$25,001.00
to $50,000.00</span>
</td>
<td class="AuctionListings" align="right" valign="top">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl10_PostageAmountTemplate">$42.00</span>
</td>
</tr>
<tr class="LotDetailInformation">
<td class="AuctionListings" valign="top" style="white-space: nowrap;">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl11_PurchaseAmountTemplate">$50,001.00
to $75,000.00</span>
</td>
<td class="AuctionListings" align="right" valign="top">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl11_PostageAmountTemplate">$55.00</span>
</td>
</tr>
<tr class="LotDetailInformation">
<td class="AuctionListings" valign="top" style="white-space: nowrap;">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl12_PurchaseAmountTemplate">$75,001.00
to $100,000.00</span>
</td>
<td class="AuctionListings" align="right" valign="top">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl12_PostageAmountTemplate">$70.00</span>
</td>
</tr>
<tr class="LotDetailInformation">
<td class="AuctionListings" valign="top" style="white-space: nowrap;">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl13_PurchaseAmountTemplate">$100,001.00
to $250,000.00</span>
</td>
<td class="AuctionListings" align="right" valign="top">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl13_PostageAmountTemplate">$100.00</span>
</td>
</tr>
<tr class="LotDetailInformation">
<td class="AuctionListings" valign="top" style="white-space: nowrap;">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl14_PurchaseAmountTemplate">$250,001.00
to $500,000.00</span>
</td>
<td class="AuctionListings" align="right" valign="top">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl14_PostageAmountTemplate">$175.00</span>
</td>
</tr>
<tr class="LotDetailInformation">
<td class="AuctionListings" valign="top" style="white-space: nowrap;">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl15_PurchaseAmountTemplate">$500,001.00
to $750,000.00</span>
</td>
<td class="AuctionListings" align="right" valign="top">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl15_PostageAmountTemplate">$250.00</span>
</td>
</tr>
<tr class="LotDetailInformation">
<td class="AuctionListings" valign="top" style="white-space: nowrap;">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl16_PurchaseAmountTemplate">$750,001.00
to $99,999,999.00</span>
</td>
<td class="AuctionListings" align="right" valign="top">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl16_PostageAmountTemplate">$400.00</span>
</td>
</tr>
</table>


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Bowers and Merena Auctions was founded in 1983 and has grown to become the world's
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