$5 - P EDITION AMERICAN COIN gold eagle-1787-1863-1862-1854-1859-1905

DESIGNER	Christian Gobrecht
EDGE	Reeded
Year	1878
DIAMETER	21.65 millimeters
WEIGHT	8.36 grams
MINTAGE	2,514,520
MINT	Philadelphia

1863-S Double Eagle NGC Graded MS 64 5055557-012

While most of the nation saw few, if any, gold coins after 1861 and for the next 17 years, the inflated, hard-money economy of the West remained on a gold and silver basis. Thus, production of gold coins at the San Francisco Mint did not experience the declines typical of Philadelphia’s Mint during this decade.

While "S" Mint double eagles were made in fairly large numbers, there were no collectors of these pieces at the time, and only a handful of uncirculated pieces have survived by merest chance. Among these precious survivors are the recently recovered SS Republic coins. This glorious 1863-S twenty is among the very finest of these coins. Not only are its surfaces amazingly pristine, the luster of this piece is simply incredible. Deeply frosty, it almost seems to glow under the light. So pretty is this rare coin that NGC awarded it the company’s star designation for outstanding eye appeal.

1862 Double Eagle NGC Graded MS 63 5055520-004

Gold coins ceased to circulate in most of the United States after 1861 and lasting until 1878. The new federal paper money issued at the onset of America’s Civil War soon began to depreciate in relative value, as the notes were no longer redeemable in gold. The coining of that metal at the Philadelphia Mint thus declined rapidly, with just 92,098 double eagles being produced there in 1862.

This choice specimen is a great rarity in the USA series. Nearly unknown in mint state condition before the recovery of SS Republic’s treasure, it remains a very elusive issue. Typical of Philadelphia Mint coins of the 1861-65 period, this example reveals parallel striations in its fields, a consequence of the coining process itself. These in no way detract from the delightful appearance of this rare coin, which also features a couple of mint-made planchet irregularities.

1854 Small Date Double Eagle NGC Graded MS 61 5060935-010

Some three-quarter-million double eagles were struck by the Philadelphia Mint in 1854, and this issue is not especially rare in worn condition. Perhaps a couple thousand or more survive, mostly in grades VF and XF. Uncirculated examples, however, are quite rare and likely number less than a dozen.

Two different date logotypes were used for 1854, and these are known as the Small Date and the Large Date. This handsome coin is an example of the former, which is the more common of the two in overall numbers. Still a great rarity in mint state, this coin would be an important addition to any collection. Well struck and free of all but a few tiny marks, it has a pleasing appearance. Its bright luster is satiny throughout.

1859-O Eagle NGC Graded MS 62 5060962-006

The 1859 New Orleans Mint eagle is an extremely rare coin in all grades. This fact should come as no surprise, given a mintage of just 2,300 pieces! The recovery of this splendid mint state example from SS Republic is a joyous experience that will likely never be repeated.

Superbly struck throughout, this fabulous coin is a delight to the eye. There are no marks of any great consequence, and both sides are surprisingly clean. Mostly prooflike fields yield in places to more satiny luster. These dies clashed at some point, and the refinishing performed by mint employees to amend this accident has left a number of interesting raised lines within the shield.

1854-O Small Date Eagle NGC Graded MS 61 5031990-019

Just 52,500 gold eagles were coined by the New Orleans Mint in 1854. Indeed, uncirculated examples are extremely rare, and this specimen is among a very few certified by NGC.

This lovely coin features a very bold strike and unusually clean surfaces for a vintage gold piece. Its luster is satiny overall, with areas of finely grained frostiness at the peripheries. Its historic "O" mintmark is shallowly impressed and might even be overlooked at a casual glance. Also not noticeable at first is a distinctive die break hidden within Liberty’s hair above her ear.

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