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1856-S Coronet Dougle Eagle (You Vs. PCGS)

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Adam590's Avatar
United States
790 Posts
 Posted Yesterday   11:47 pm Show Profile   Bookmark this topic Add Adam590 to your friends list Get a Link to this Message Number of Subscribers
My 1840s US gold coins (my eagle, half eagle, and now my quarter eagle) all have some cool contrast from heavy die polishing. I really like that look, especially on older US gold coins. Do early double eagles ever have that almost prooflike contrast from die polishing?

In pursuing my no motto coronet double eagle, I came across this one and liked it a lot, even though it doesn't "match" my other gold coins from the era. How would you grade this one?

1856-S-Coronet-Dougle-Eagle-You-Vs.-PCGS
1856-S-Coronet-Dougle-Eagle-You-Vs.-PCGS
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panzaldi's Avatar
United States
18923 Posts
 Posted Today  2H 56M ago  Show Profile   Bookmark this reply Add panzaldi to your friends list Get a Link to this Reply
nicely struck coin. the strike helps but I think there is just too many contact marks to pull a 64. i'll call it MS63
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fortcollins's Avatar
United States
3738 Posts
 Posted Today  1H 19M ago  Show Profile   Bookmark this reply Add fortcollins to your friends list Get a Link to this Reply
The double eagles are beautiful coins. They also represented a tremendous amount of wealth in those days. Twenty dollars in 1856 is equal to $788 in buying power today. To answer your question, I can't recall seeing any truly prooflike double eagles from the Civil War era or earlier, but others may be able to give a better answer. I know prooflike double eagles exist from the 1870s and later.

Your coin shows both bag marks and circulation contacts. Light circulation doesn't prevent a coin from grading UNC. On the obverse, the rim dings at 9 o'clock, the ding over the eye, marks in the field near the sixth star, and in the hair above the curls are bag marks. The scratches on the cheek, in the high points of the hair behind the ear, to the right pf the date, and the east-west scratches in the hair curl, and between the 8th and 9th stars look more like the coin being scraped across a counter in commerce. On the reverse, the mark SW from the mint mark and several of the field contacts look like bag marks, but the small scratches on the rim around 4 o'clock and the more obvious scratches above the denomination and NW of the mint mark look more like circulation contacts. There is some surface discoloration in the fields, as well. That said, I don't see evidence of actual wear from circulation.

I've seen TPGs grade similar coins as AU-58, which I don't think is correct. IMHO, this is an UNC coin, because of the lack of evident wear from circulation. The gold coins should get a little bit of grace because of the softness of the metal. To my eyes, there are a few too many contact marks to go above MS-62. For the grade, this coin has a solid strike and nice eye appeal. Nice coin!
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jbuck's Avatar
United States
195681 Posts
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Adam590's Avatar
United States
790 Posts
 Posted Today  54M ago  Show Profile   Bookmark this reply Add Adam590 to your friends list Get a Link to this Reply
Thanks @panzaldi and @jbuck for your grades. Thanks @fortcollins for your grade and your detailed analysis--that's my favorite part about posting coins on here--learning from what more experienced numismatists see. I also haven't seen PL looking early double eagles, although my "with motto" liberty double eagle is actually designed by PCGS as PL, and really looks the part.
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Errers and Varietys's Avatar
United States
79144 Posts
 Posted Today  35M ago  Show Profile   Bookmark this reply Add Errers and Varietys to your friends list Get a Link to this Reply
I'm thinking MS-62.
Errers and Varietys.
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psuman08's Avatar
United States
1868 Posts
 Posted Today  16M ago  Show Profile   Bookmark this reply Add psuman08 to your friends list Get a Link to this Reply
Beautiful coin. My original reaction was AU-58, but it is probably in a 62 holder.
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