Market Analysis: 1866-S Coronet, No Motto double eagle

Leading Stack’s Bowers Galleries’ March 22 presentation of the CAC set from the Fairmont Collection was this 1866-S Coronet, No Motto gold $20 double eagle graded AU-58 with a green CAC sticker at $114,000.

Images courtesy of Stack’s Bowers Galleries.

Stack’s Bowers Galleries’ continued offering of The Fairmont Collection on March 22 showcased strong demand for fresh, long-off-the-market coins.

As the firm’s president, Brian Kendrella, said in his catalog introduction, “Most importantly each coin exhibits the incredible quality, originality and eye appeal that has become a hallmark of the Fairmont provenance.”

More than 60% of the offering had a green sticker from Certified Acceptance Corp. including the top lot in the sale: an 1866-S Coronet, No Motto gold $20 double eagle graded About Uncirculated 58 by Professional Coin Grading Service that realized $114,000. It represented a transitional point before the motto IN GOD WE TRUST was added to the reverse later in that year. Only 200 or so “No Motto” 1866-S double eagles have survived, most in well-circulated grades.

Connect with Coin World:  
Sign up for our free eNewsletter
Access our Dealer Directory  
Like us on Facebook  
Follow us on Twitter


MORE RELATED ARTICLES

Community Comments

NEWS