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1860-O Gold $20 Double Eagle
Type 1 No Motto - S.S. Republic
The only mint state example known!
PCGS MS-60 PL - Pop 1/0
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The Arlington Collection of Shipwreck Treasure
About the Coin This 1860-O $20 Type 1 double eagle graded MS60PL is the only example graded mint state by either PCGS or NGC. Technically, this coin is the finest known, but one could argue that there is bound to be an example graded AU-58 that would have better eye appeal. Please enable JavaScript to view this page content properly. Out of close to 2,500 double eagles recovered from the SS Republic shipwreck, this is the only example found of the 1860-O showing just how rare this coin is. Although the 1854-O and 1856-O are considered the great rarities of the type 1 double eagles, the 1860-O along with the 1855-O and 1859-O are considered the next level of great rarities in the series. With a mintage of just 6,600 coins, the 1860-O had the third lowest mintage of the type 1 double eagles which is lower than the mintages for the more famous 1861-S Paquet Reverse and 1866-S No Motto rarities. This trio of 1855-O, 1859-O, and 1860-O have shown tremendous price appreciation over the past few years. With the popularity of type 1 double eagles on the increase, this trend may continue, but lower grade examples are still within the reach of many collectors. Please enable JavaScript to view this page content properly. Most reference guides generally assume about a 1% survival rate of type 1 double eagles which would mean that about 66 examples might exist. I'm a little more conservative in my estimates of 90 to 100 examples being out there. There is no doubt that most 1860-O examples were released into circulation. Even with all the double eagles repatriated from European banks in the 1990's, a mint state example failed to appear. Designer: James B. LongacreWeight: 33.436 gramsDiameter: approx. 34mm, reeded edgeComposition: 90% gold, 10% copper/silver PCGS Price Guide: Libery Head $20 (1850-1907) Article: How to calculate the content and value of gold or silver in a coin
About the Coin This 1860-O $20 Type 1 double eagle graded MS60PL is the only example graded mint state by either PCGS or NGC. Technically, this coin is the finest known, but one could argue that there is bound to be an example graded AU-58 that would have better eye appeal. Please enable JavaScript to view this page content properly. Out of close to 2,500 double eagles recovered from the SS Republic shipwreck, this is the only example found of the 1860-O showing just how rare this coin is. Although the 1854-O and 1856-O are considered the great rarities of the type 1 double eagles, the 1860-O along with the 1855-O and 1859-O are considered the next level of great rarities in the series. With a mintage of just 6,600 coins, the 1860-O had the third lowest mintage of the type 1 double eagles which is lower than the mintages for the more famous 1861-S Paquet Reverse and 1866-S No Motto rarities. This trio of 1855-O, 1859-O, and 1860-O have shown tremendous price appreciation over the past few years. With the popularity of type 1 double eagles on the increase, this trend may continue, but lower grade examples are still within the reach of many collectors. Please enable JavaScript to view this page content properly. Most reference guides generally assume about a 1% survival rate of type 1 double eagles which would mean that about 66 examples might exist. I'm a little more conservative in my estimates of 90 to 100 examples being out there. There is no doubt that most 1860-O examples were released into circulation. Even with all the double eagles repatriated from European banks in the 1990's, a mint state example failed to appear. Designer: James B. LongacreWeight: 33.436 gramsDiameter: approx. 34mm, reeded edgeComposition: 90% gold, 10% copper/silver PCGS Price Guide: Libery Head $20 (1850-1907)
This 1860-O $20 Type 1 double eagle graded MS60PL is the only example graded mint state by either PCGS or NGC.
Technically, this coin is the finest known, but one could argue that there is bound to be an example graded AU-58 that would have better eye appeal. Please enable JavaScript to view this page content properly.
Out of close to 2,500 double eagles recovered from the SS Republic shipwreck, this is the only example found of the 1860-O showing just how rare this coin is. Although the 1854-O and 1856-O are considered the great rarities of the type 1 double eagles, the 1860-O along with the 1855-O and 1859-O are considered the next level of great rarities in the series. With a mintage of just 6,600 coins, the 1860-O had the third lowest mintage of the type 1 double eagles which is lower than the mintages for the more famous 1861-S Paquet Reverse and 1866-S No Motto rarities. This trio of 1855-O, 1859-O, and 1860-O have shown tremendous price appreciation over the past few years. With the popularity of type 1 double eagles on the increase, this trend may continue, but lower grade examples are still within the reach of many collectors. Please enable JavaScript to view this page content properly. Most reference guides generally assume about a 1% survival rate of type 1 double eagles which would mean that about 66 examples might exist. I'm a little more conservative in my estimates of 90 to 100 examples being out there. There is no doubt that most 1860-O examples were released into circulation. Even with all the double eagles repatriated from European banks in the 1990's, a mint state example failed to appear.
Out of close to 2,500 double eagles recovered from the SS Republic shipwreck, this is the only example found of the 1860-O showing just how rare this coin is.
Although the 1854-O and 1856-O are considered the great rarities of the type 1 double eagles, the 1860-O along with the 1855-O and 1859-O are considered the next level of great rarities in the series. With a mintage of just 6,600 coins, the 1860-O had the third lowest mintage of the type 1 double eagles which is lower than the mintages for the more famous 1861-S Paquet Reverse and 1866-S No Motto rarities. This trio of 1855-O, 1859-O, and 1860-O have shown tremendous price appreciation over the past few years. With the popularity of type 1 double eagles on the increase, this trend may continue, but lower grade examples are still within the reach of many collectors. Please enable JavaScript to view this page content properly.
Most reference guides generally assume about a 1% survival rate of type 1 double eagles which would mean that about 66 examples might exist. I'm a little more conservative in my estimates of 90 to 100 examples being out there. There is no doubt that most 1860-O examples were released into circulation. Even with all the double eagles repatriated from European banks in the 1990's, a mint state example failed to appear.
Designer: James B. Longacre
Weight: 33.436 grams
Diameter: approx. 34mm, reeded edgeComposition: 90% gold, 10% copper/silver PCGS Price Guide: Libery Head $20 (1850-1907)
Diameter: approx. 34mm, reeded edge
Composition: 90% gold, 10% copper/silver
PCGS Price Guide: Libery Head $20 (1850-1907)
Article: How to calculate the content and value of gold or silver in a coin