RARE AND POPULAR PCGS AU58 1863 DOUBLE EAGLE

The 1863 is the second rarest Civil War double eagle from the Philadelphia mint after the 1862. It is seen most often in the EF and lower AU grades and it is scarce in properly graded AU58. In Uncirculated, this date is rare and expensive and for many advanced collectors, AU55 to AU58 range is the target range.

This choice example has never been cleaned or dipped like most 1863 double eagles and it shows pleasing natural rose and yellow-gold hues on both sides. There are very few marks of note and not much wear, save for slight rubbing on the obverse high spots. The overall eye appeal is well above average for this issue.

The last non-CAC 1863 double eagle graded AU58 by PCGS to sell at auction realized $20,563 as Heritage 1/15: 4374 and it was very low end. An NGC AU58 without CAC approval sold for $21,150 as Heritage 9/15: 4223 and two CAC approved PCGS AU58′s realized $30,550 (in 2014) and $25,850 (in 2015).

I have handled a number of nice 1863 double eagles in the last few years and they always seem to sell quickly which attests to the popularity of this issue.

From the Reed Collection.