The 1851 Double Eagle is one of the most coveted gold coins in U.S. numismatics, and recently, Douglas Winter Numismatics made history by offering what is widely considered the finest known example of this rare and historic coin. The 1851 Double Eagle holds an iconic place in the history of U.S. coinage, as it was part of the first year of production for the $20 gold coin – a denomination that would play a key role in U.S. currency for years to come. This specific coin, now regarded as the finest known, has captivated collectors and investors alike, drawing attention not only for its pristine condition but also for its historical significance.
The 1851 Double Eagle: A Historical Context
The Double Eagle, with a face value of $20, was introduced by the U.S. Mint in 1849 during the presidency of James K. Polk. The 1851 issue was part of the ongoing effort to secure the U.S. monetary system with gold, following the California Gold Rush, which introduced a wealth of gold to the nation. Designed by James B. Longacre, the obverse of the coin featured a Liberty head with a coronet, while the reverse depicted an eagle surrounded by the motto “UNITED STATES OF AMERICA” and “TWENTY DOLLARS”.
The Finest Known 1851 Double Eagle
What makes the example sold by Douglas Winter Numismatics so remarkable is not just its rarity but its impeccable condition. The finest known 1851 Double Eagle is considered a superb gem and has been graded MS-66 by the Numismatic Guaranty Corporation (NGC), a top-tier grading service. A coin of this caliber is a rarity in itself, as most 1851 Double Eagles are found in lower grades due to wear, corrosion, or other imperfections incurred during their time in circulation.
Why This Coin Matters to Collectors
The 1851 Double Eagle represents a pivotal moment in U.S. coinage history, and the finest known example being available for purchase is a rare opportunity for advanced collectors. When Douglas Winter Numismatics offered this coin, it generated substantial interest due to its pristine quality and historical importance. The coin’s significance extends beyond just its grade; it also serves as a symbol of the craftsmanship and artistry of the U.S. Mint during the mid-19th century.
Conclusion
The sale of the finest known 1851 Double Eagle by Douglas Winter Numismatics marks an extraordinary moment in the world of numismatics. With its near-perfect condition, historical significance, and the iconic design of the Double Eagle, this coin represents the pinnacle of American gold coinage. Whether you are a seasoned collector or a first-time buyer looking for a prized addition to your collection, the 1851 Double Eagle is a coin that will stand as a testament to both the artistry and history of U.S. Mint coinage.
FAQs
1. What makes the 1851 Double Eagle so important in U.S. coinage?
The 1851 Double Eagle is important because it was part of the first series of the $20 gold coins minted by the U.S. Mint, which became a standard currency denomination. It also represents a significant period of American history during the California Gold Rush.
2. Why is the 1851 Double Eagle considered the finest known example?
This coin is graded MS-66 by NGC, meaning it is in nearly perfect condition with brilliant luster, sharp detail, and minimal wear. Its exceptional preservation makes it the finest example of its kind.
3. How does owning a coin like the 1851 Double Eagle benefit collectors?
Owning such a rare and high-grade coin offers collectors not only a valuable piece of U.S. history but also a rare asset that will likely appreciate in value over time, making it a significant addition to any collection.