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The Gold Liberty Series
The $20 Liberty Head gold coin, also known as the Double Eagle, was first minted in 1849. Designed by engraver James B. Longacre, the Liberty Head design features a portrait of Liberty on the obverse and a majestic eagle on the reverse. This coin was issued to facilitate large transactions and was crucial in supporting the expanding economy of post-Gold Rush America.
The Year 1866
In 1866, the United States was in a period of significant transition. The Civil War had ended the previous year, and the nation was beginning the long process of Reconstruction. The economy was recovering, and the demand for gold coins was strong. This year was also notable for introducing a new design element on the $20 coin: the inclusion of the motto "In God We Trust" on the reverse, which was added because of the Coinage Act of 1865.
Minting, Grading, and Design
In 1866, a mere 3,630 $20 Liberty Head gold coins were struck. This relatively small mintage reflects the transitional nature of the U.S. Mint during the post-Civil War era, as the nation was adjusting to new coinage designs and economic conditions.
Among these, the 1866 CAC MS64 $20 Gold Liberty DMPL coin stands out exceptionally. It is particularly notable because it holds a unique position in the grading population: it is the only coin of its type to have achieved the MS64 grade with the Deep Mirror Proof Like (DMPL) designation, with none graded higher from that year. This singular status underscores the coin's rarity and high quality, making it a standout piece for collectors and investors.
The CAC (Certified Acceptance Corporation) is a service that provides an additional layer of authentication and quality assurance for coins already graded by major numismatic grading services. The designation "MS64" refers to the coin's grade, indicating it is in Mint State with some minor imperfections. "DMPL" stands for Deep Mirror Proof Like, a designation indicating that the coin's surfaces exhibit a highly reflective, mirror-like finish, which is typically seen in Proof coins but can occasionally appear in high-quality Mint State coins.
Rarity and Value
The 1866 $20 Liberty Head coin is relatively rare, particularly in high grades. This coin has a population of just 1. The "DMPL" designation further adds to its rarity and desirability among collectors. Coins with this designation are exceptionally prized for their visual appeal and preservation of details. The CAC label adds another layer of value, as it certifies the coin's high quality and authenticity.
Collecting and Market
The 1866 CAC MS64 $20 Gold Liberty DMPL coin is highly valued in the numismatic community. Collectors and investors seek it not only for its historical significance but also for its aesthetic qualities and rarity. Coins in this condition can command substantial premiums over their face value due to their exceptional grade and the premium associated with the CAC certification.
The 1866 CAC MS64 $20 Gold Liberty DMPL is a remarkable piece of American numismatic history. It represents a unique combination of historical importance, rarity, and aesthetic excellence, making it a prized possession for serious collectors and investors alike.
