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Liberty Head Double Eagles - Three Coin Type Set

The numismatic adventure can be enriched by acquiring groups of coins in meaningful combinations. Sets of coins can run from two pieces to many. In the areas of rare date and early silver and gold coins we have established certain sets of special interest. They include the first and last of an issue, type sets, design sets, year sets, and those that are joined by historical events such as the Civil War. The coins of each set are specially selected for you and your collecting needs.

We are specialists in this area and will expertly and confidentially help you assemble a set similar to the one you see below, which is made up of pieces from the US Rare Coin Investments’ archives. We will cherry pick through millions of dollars of rare coins selecting only the finest quality pieces for your collection.

A Set of 1850-O Double Eagle - 1871-CC Double Ealge - 1886 Double Eagle

A three coin type set of double eagles consists of Type 1, Type 2, and Type 3 coins. Many collectors and investors would like to own more than a single double eagle, and they know that they will not complete a full set. Putting together a type set is the next best option. There are only three major design types in the Liberty double eagle series, which makes it accessible for most people who have an interest in acquiring these coins. One of the best ways to get the most value would be to choose special or rare coins as examples of the types. Below are two sets, a more modest one and one made up of rare dates.

The Liberty Head or Coronet Double eagle was designed by James B. Longacre. He designed the pattern for the twenty dollar double eagle in 1849. It was produced because of the huge amount of gold that came into the Mint from California. With the discovery of gold at Sutter’s Mill in January 1848, the California gold rush began. It led to an influx of miners and others into the area. The vast quantity of gold produced led to a need for a standard form of exchange. The double eagle was the government’s response. They also felt that the new denomination would be useful for large commercial transactions and that it would facilitate foreign trade.

Longacre’s design for the double eagle shows a Liberty head facing left, wearing coronet inscribed LIBERTY. Her hair is tightly tied in the back with two loose curls hanging down her neck to the end of the truncation. She is surrounded by thirteen six-pointed stars with the date below. Dentils are near the edge on both sides of the coin. The reverse shows a heraldic eagle with elaborate ribbons on both sides of the shield extending from the top corner down to the eagle’s tail feathers. The ribbons are inscribed, on the left E PLURIBUS and UNUM on the right. The ribbons were added to the design to symbolize the denomination since this was the first twenty dollar coin. There is an oval of thirteen stars above the eagle’s head and an arc of rays from wing tip to wing tip behind the upper half of the oval. UNITED STATES OF AMERICA is in an arc above the eagle, and the denomination TWENTY D. is below. The mintmark is between the tail feathers and the N of TWENTY.

1850-O Double Eagle1850-O Double Eagle - The Type 1 Double Eagle. Here is a Type 1, Southern branch mint, Choice AU, boldly detailed 1850-O Double Eagle. The coin shows subdued mint luster remaining in some protected areas.

The strike shows full details on the centers of the stars and the design details of the reverse. The eagle is sharp as are the dentils on both sides of the coin. Light wear is present on the highest points in keeping with the grade. The surfaces are original and clean with no individually distracting abrasion marks worthy of description.

Approximate cost: VF $4,000; AU50 $16,500; MS60 $57,500; MS61 $81,250


1871-CC Double Eagle1871-CC Double Eagle - Type 2 Double Eagle. Mint luster peaks out from the devices of this lovely Carson City Type 2 1871-CC double eagle. Some light abrasion and wear on the highest points keep this coin out of the mint state category. There are a couple of small contact marks Liberty’s neck, the obverse field, and on the shield, which are consistent with the grade.

The strike is strong on the reverse but somewhat less so on the obverse. The 7 and 1 of the date almost touch each other, which is a characteristic of this date.

Approximate cost: VF $17,500; AU50 $46,500; MS60 $100,000; MS63 $200,000

 

1886 Double Eagle1886 Double Eagle - Type 3 Double Eagle. This extremely rare, near-Mint State, Type 3 1886 double eagle has a sharp strike and shows significant mint luster.

The sharpness of the strike is seen in the centers of the stars, the lines of Liberty’s hair, and the design details of the reverse. Most often coins of this type have less distinct hair details until the 1890’s when a design modification was made. Just some light abrasion, in keeping with the grade, prevents this coin from being a Mint State piece. In the industry it is known as a slider because it is so close to being Uncirculated.

Approximate cost: VF $30,000; AU50 $90,000; MS60 $115,000; MS63 $175,000

 

 


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