Price: 4,125.00 - SOLD - 7/09/2012* Free Shipping and Insurance for coins at $10K or above.
1874-CC Double Eagle - 1874-CC $20 PCGS AU50. This Western branch mint 1874-CC Double Eagle has traces of mint luster in protected parts of the coin. The piece has an above average obverse strike with full details on all of the stars except for Star 10. The reverse is well struck with full details on all of the design elements. The dentils are sharp on both sides of the coin. Light wear is seen on the high points, in keeping with the grade. The surfaces are original and clean for the grade with no individually distracting abrasion marks.
The motto IN GOD WE TRUST was added to the original double eagle by enlarging the oval of stars above the eagles head and placing the motto in it. This modification did not require a major alteration of the design as was the case with adding the motto to the lower denominations. It was made at the behest of Salmon P. Chase, Secretary of Treasury and Congress because of pressure brought about by the Reverend M.R. Watkinson of Ridleyville, Pennsylvania.
Originally all of the United States coinage was secular. However, in the first sixty or so years of the United States existence, religious life became more important to the populace. By 1860, twenty-three percent of the population belonged to a church or had some kind of religious affiliation. Groups such as the National Reform Association wanted to amend the Constitution to acknowledge the Lord Jesus Christ as the source of all power and authority in government. The amendment was unsuccessful; however, the sentiment to bring religion into government remained strong. President Abraham Lincoln chose James Pollock to be the Mint Director in 1861.
He served until 1867. Pollock was in favor of the idea that the nation depended on the will of God. Reverend Watkinson was the first person who actually addressed this need. He believed that adding the name of God to our coinage would, relieve us from the ignominy of heathenism [and] place us openly under the divine protection. Although placed on the two cent coin in 1864, the Coinage Act of 1865 created the authority to add the motto IN GOD WE TRUST to all coins. In 1866 it was placed on the half eagle, the eagle and the double eagle as well as on silver coinage and the shield nickel.
In 1844 James B. Longacre, designer of the coin, was appointed Mint Engraver through the influence of Senator John C. Calhoun of South Carolina. After overcoming opposition by the Chief Coiner, Franklin Peale, who was fearful that the new Engraver would interfere with his illegal medal manufacturing business using the Mint facilities, Longacre did well. He was responsible for creating many new designs including the Indian Head cent, the two-cent piece, the Shield nickel, the Liberty Head gold dollar, the Indian Princess gold dollar, the three-dollar gold piece, and the Liberty Head double eagle.
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