1861 Coronet, Paquet reverse gold $20 double eagle returns to market in August Heritage auction

Rarity one of two Philadelphia Mint strikes known
By , Coin World
Published : 05/16/14
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An 1861 Coronet, Paquet gold $20 double eagle that last sold in 2006 for $1.61 million is returning to auction.

The coin is one of only two known. 

The example to be offered by Heritage Auctions on Aug. 7 in Rosemont, Ill., last sold by the auction firm on Aug. 14, 2006. The coin is graded Mint State 61 by Professional Coin Grading Service. 

The $1.61 million price realized includes a 15 percent buyer’s fee added to the final closing hammer price.

Pedigree information indicates the coin first appeared at auction in Edward Cogan’s October 1875 sale of the Col. Mendes I. Cohen Collection where it brought $26.

Heritage is offering the coin during its August Platinum Night session, in conjunction with the American Numismatic Association World’s Fair of Money. The lot is in the consignment of Part II of The Charles G. Wright Family Collection.

Heritage is conducting several separate auction sessions, as is Stack’s Bowers Galleries, both as official auctioneers of the ANA convention.

The 1861 Coronet, Paquet Reverse double eagle is considered by many numismatic experts to be the fourth rarest regular issue United States coin.

Three regular U.S. coins are considered rarer, each of them unique — the 1870-S Seated Liberty half dime, the 1870-S Indian Head $3 gold coin and the 1873-CC Seated Liberty, No Arrows dime. 

Experimental design

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