1864 Liberty Head Double Eagle. AU-55 (PCGS).

Bright wheat-gold surfaces with a tinge of pale olive. Plenty of frosty luster remains, and the design elements are sharply to fully defined. A few moderate size marks and faint hairlines from numismatic handling are noted for accuracy. Federal records report that 204,235 circulation strike double eagles were coined at the Philadelphia Mint during 1864, and due to the continued problem with hoarding - which lasted until late December 1879 - none were used in regular day-to-day transactions in the eastern half of the United States. It seems that many were exported, and to the extent that this happened, most were likely melted into bullion, as examples have not turned up in European bank hoards to any great extent. We estimate a surviving population of between 300 to 450 pieces, most of which grade VF or EF. This Choice About Uncirculated example is sure to catch the eye of advanced gold enthusiasts.

PCGS# 8941. NGC ID: 269S.