Classic U.S. Coins – When Did Civil War Gold Become Popular?

Classic U.S. Coins - When Did Civil War Gold Become Popular?
By Doug ……
CoinWeek Content Partner
Thanks to reader M.R. from Virginia, who suggested this matter to concept, I ’ megabyte going to be writing a series of blogs over the come months entitled : When Did ( Subject ) Become Popular ?

The concept of these blogs is reasonably dim-witted. I ’ ll select an area of the rare date aureate commercialize and discuss the hows and why behind its popularity. I will besides choose some areas and discuss why they have become unpopular in recent years .
For this first blog, I thought it would be interesting to discuss how and why Civil War gold issues became very popular .
up through the 1990s, the low-mintage Philadelphia and San Francisco gold issues struck during the Civil War earned run average weren ’ thymine particularly democratic and they represented excellent respect. I can remember begging clients to buy a nice NGC AU53 1864 quarter eagle I owned around 1993 for $ 10,000 USD, and winding-up having to sell the coin to another dealer for a loss .
nowadays, this coin would probably grade AU58 and it would be worth $ 80,000-90,000 .
1861-D $1.00 PCGS MS61. Images courtesy Doug Winter Numismatics
1861-D $1.00 PCGS MS61. Images courtesy Douglas Winter Numismatics (DWN)
There were only three Civil War issues that were in strong need at the time : the Proof-only 1863 quarter eagle, which was a $ 50,000 coin, and the 1861-D gold dollar and half eagle, which were keystone members of the Cult of Dahlonega and have had a strong follow since the 1960s .
By the mid-1990s there were possibly a twelve dealers who actually knew the date gold market and who were active participants. They knew that coins like 1864-S half eagles and eagles were very rare, and they would pay in overindulgence of stream market prices when decent coins came approximately .
I think collectors ultimately became understanding about the Civil War issues around 1999-2001 when the Bass Collection was sold. There were multiple outstanding examples of most of the 1861-65 dates, and the higher-grade pieces brought record prices in many cases .
But collector grad coins ( i, those in the VF-EF range ) stayed low-cost .
fast ahead to around 2010 .
I had a insight one good afternoon. 2011 marked the sesquicentennial of the get down of the Civil War, and what would be more natural than to promote Civil War gold ? I began to quietly accumulate coins and simultaneously began to feature articles and blogs on my web site touting them .
I remember selling about all the coins I had very early on in my forwarding and not being able to find many more for Round Two and Round Three. other dealers had the lapp theme I did, and on the spur of the moment Civil War gold became popular .
In the adjacent few years, prices shot astir. Let ’ s front at a few examples :
1863 $5.00 PCGS AU58. Images courtesy Doug Winter Numismatics
1863 $5.00 PCGS AU58

1863 Half Eagle, AU58

  • May 2008 – An NGC AU58 brought $14,375 as Heritage 5/08: 3268
  • January 2014 – A PCGS AU58 brought $30,550 as Heritage 2014 FUN: 6708

1862 $10.00 PCGS AU55 CAC. Images courtesy Doug Winter Numismatics
1862 $10.00 PCGS AU55 CAC

1862 Eagle, AU55

  • August 2003 – An NGC AU55 brought $2,185 in a Heritage internet sale
  • January 2011 – A PCGS AU55 brought $6,900 as Heritage 2011 FUN: 7048

1865-S Inverted Date Eagle, EF45

  • July 2004 – An NGC EF45 brought $5,750 as Heritage 7/04: 8360
  • February 2014 – An NGC EF45 brought $14,688 as Heritage 2/14: 4180

These double and triple price increases weren ’ triiodothyronine sustainable, but in truth courteous examples of truly rare Civil War issues have continued to perform quite well .
Prices seaport ’ thymine been as firm for aureate dollars ( except the 1861-D ), quarter eagles ( except for the 1864 and 1865 Philadelphia issues ), and the three dollars due to their smaller size and–in the character of the Threes–greater overall handiness .
half eagles and eagles have done highly well, and while high-end AUs and Uncirculated coins are now priced at levels that are inaccessible to most collectors, nice collector rate pieces can still be had for many legitimately rare issues at less than $ 10,000 .
Double eagles are an all in all different animal due to shipwrecks and european hoards that have swelled populations .
1865 $3.00 PCGS AU58 CAC. Images courtesy Doug Winter Numismatics
1865 $3.00 PCGS AU58 CAC
In 2020, I ’ vitamin d membership Civil War gold as one of the more popular ultra-specialties in american english numismatics. There are still a number of issues which, in my opinion, are highly underestimate ( a few examples are the 1864 and 1865 gold dollars, the 1865-S quarter eagle, the 1865 three dollar coin, and the 1865-S Normal Date eagle ), and it is even possible to put together an impressive put of these issues .
If you ’ d like to work with me on a set, feel detached to contact me via electronic mail at [ e-mail protected ] or call me at (214) 675-9897 .
* * *

About Doug Winter

Doug_Winter2 Doug has spent much of his life sentence in the playing field of numismatics ; beginning collecting coins at the senesce of seven, and by the time he was 10 years old, buy and sell coins at conventions in the New York City area .
In 1989, he founded Douglas Winter Numismatics, and his firm specializes in buying and selling choice and rare US Gold coins, particularly US gold coins and all arm batch material .
Recognized as one of the leading specialized numismatic firms, Doug is an award-winning generator of over a twelve numismatic books and the recognized technical on US Gold. His cognition and an especial eye for by rights graded and original coins have made him one of the most respect figures in the numismatic community and a sought after trader by collectors and investors looking for professional personalized servicing, a choice inventory of faultless timbre and honest and honest price. Doug is besides a major buyer of all US coins and is always looking to purchase collections both large and modest. He can be reached at (214) 675-9897 .
Doug has been a subscriber to the Guidebook of United States Coins ( besides known as the “ Redbook ” ) since 1983, Walter Breen ’ s Encyclopedia of United States and Colonial Coins, Q. David Bowers ’ Encyclopedia of United States Silver Dollars and Andrew Pollock ’ s United States Pattern and Related Issues

In addition, he has authored 13 books on US Gold coins including:
  • Gold Coins of the New Orleans Mint: 1839-1909
  • Gold Coins of the Carson City Mint: 1870 – 1893
  • Gold Coins of the Charlotte Mint: 1838-1861
  • Gold Coins of the Dahlonega Mint 1838-1861
  • The United States $3 Gold Pieces 1854-1889
  • Carson City Gold Coinage 1870-1893: A Rarity and Condition Census Update
  • An Insider’s Guide to Collecting Type One Double Eagles
  • The Connoisseur’s Guide to United States Gold Coins
  • A Collector’s Guide To Indian Head Quarter Eagles
  • The Acadiana Collection of New Orleans Coinage
  • Type Three Double Eagles, 1877-1907: A Numismatic History and Analysis
  • Gold Coins of the Dahlonega Mint, 1838-1861: A Numismatic History and Analysis
  • Type Two Double Eagles, 1866-1876: A Numismatic History and Analysis

last, Doug is a member of virtually every major numismatic constitution, professional trade group and major mint association in the US .


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