The 1860 O Coronet Head Gold $20 Double Eagle is an important and valuable coin in American numismatics. This coin was part of the $20 Double Eagle series issued by the U.S. government in the mid-19th century. The “O” mintmark indicates that it was minted in New Orleans. For coin collectors, it represents a rare piece of history and a key addition to their collections.
The History of the 1860 O Double Eagle Coin
In the 1860s, the U.S. Mint was working to create coins that were larger and more durable to match the growing economy. The Double Eagle, worth $20, was introduced in 1849 and became one of the most prominent gold coins in America. The 1860 O Coronet Head version is especially significant because it was minted in New Orleans, which only operated its mint for a short time before the Civil War changed the course of coin production.
Design of the 1860 O Coronet Head Gold Double Eagle
The Coronet Head design on the 1860 O coin features Lady Liberty, wearing a coronet (or crown) with the word “LIBERTY” inscribed on it. This design was created by James B. Longacre and was first used on the $5 gold coin before being used on the $20 Double Eagle. The reverse side of the coin features a eagle with a shield, and the phrase “UNITED STATES OF AMERICA” along with the value “TWENTY DOLLARS”.
Key Features of the 1860 O Coronet Head Double Eagle
| Feature | Description |
|---|---|
| Mintmark | “O” for New Orleans Mint |
| Material | 90% Gold, 10% Copper |
| Diameter | 34 mm |
| Weight | 33.44 grams |
| Designer | James B. Longacre |
| Edge | Reeded |
| Obverse Design | Lady Liberty with a coronet |
| Reverse Design | Eagle with a shield, “TWENTY DOLLARS” |
| Year of Minting | 1860 |
| Rarity | Rare, due to limited minting and historical significance |
Why the 1860 O Double Eagle is So Valuable
The value of the 1860 O Coronet Head Gold $20 Double Eagle is driven by several factors. One of the most important is its rarity. Only a limited number of these coins were minted, and over the years, many have been lost or damaged, making those that remain even more valuable. The New Orleans mint was also briefly active, adding to its historical importance. This particular coin is highly sought after by collectors and investors due to its rich history and the quality of craftsmanship.
Condition and Pricing of the 1860 O Coronet Head Double Eagle
The condition of a coin is one of the most important factors that determine its value. Coins in better condition, with fewer scratches, dents, or wear, can fetch higher prices. The 1860 O Double Eagle can be found in a variety of grades, from Good to Mint State, which affects its price. In some cases, coins in top condition have been sold for hundreds of thousands of dollars at auctions.
If you’re interested in purchasing this coin, it’s important to research its authenticity and condition. Make sure to buy from a reputable dealer who can provide certification of the coin’s grade.
Conclusion
The 1860 O Coronet Head Gold $20 Double Eagle is not just a coin; it’s a rare piece of American history. Its unique design, rarity, and connection to the New Orleans Mint make it a prized item for collectors and investors alike. Whether you’re a seasoned numismatist or a new collector, understanding the history and value of this coin can help you appreciate why it is so highly sought after.
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FAQs
1. What is the value of an 1860 O Coronet Head Double Eagle coin?
The value of an 1860 O Double Eagle can range from $10,000 to several hundred thousand dollars, depending on its condition and rarity.
2. How rare is the 1860 O Coronet Head Double Eagle?
It is quite rare. Due to limited minting at the New Orleans Mint and the passing of time, the coin is considered a collector’s item.
3. Why is this coin called the “Coronet Head”?
The coin is named after the Coronet Head design, which shows Lady Liberty wearing a crown or coronet, a symbol of freedom and honor.
4. Can I sell my 1860 O Double Eagle coin?
Yes, you can sell it to reputable coin dealers, through auctions, or online platforms. Make sure you know the coin’s value before selling.
5. What makes the 1860 O Double Eagle different from other Double Eagles?
The 1860 O version is specifically minted in New Orleans and has a unique historical significance. This makes it a special edition in the Double Eagle series.