Blanchard prides itself on sourcing the highest quality numismatics available anywhere. If there is a coin that you are searching for, contact us today. Learn more
This particular type maintains the same design on the front side with no alterations, but several changes were introduced to the reverse. The oval of stars positioned above the eagle's head was enlarged, accommodating the inclusion of the motto "IN GOD WE TRUST" within that oval. Adjustments were also made to the rays above the oval. The shield's sides were slightly curved instead of straight, as seen in the previous type, and the eagle's tail feathers were positioned lower and closer to the lettering indicating the denomination. Minor modifications were made to the ends of the scrolls, the number of leaves on the scrolls, and the positioning of the wing tips.
The decision to incorporate the motto into our coinage was influenced by Reverend Mark R. Watkinson of Ridleyville, Pennsylvania. The Civil War, with its uncertainties and horrors, stirred strong religious sentiments among the populace, prompting Rev. Watkinson to advocate for its inclusion. Salmon P. Chase, the Secretary of the Treasury, concurred with this sentiment. Given his authority over coin inscriptions, Chase first introduced the motto on the 2-cent piece in 1864. Originally, the motto was intended to read as "In God Our Trust," but Chase's connection to his alma mater may have played a role in the final wording. Secretary Chase was a graduate of Brown University, which bore the motto "IN DEO SPERAMUS," translating to "IN GOD WE HOPE." It is believed that Chase had this in mind when deciding on the exact phrasing of the motto. The Coin Act of March 3, 1865, granted the Treasury discretionary power to include the motto "on all coins able to accommodate it," referring to coins large enough to incorporate it. The Mint interpreted this to include all silver coins larger than a dime, half eagles, eagles, and double eagles. It wasn't until 1908 that Congress mandated the motto's placement on gold and silver coins. In 1955, Congress passed legislation requiring the motto to appear on all coins.
The demand for Type 2 Double Eagles primarily arises from collectors focused on various types. While some collectors may acquire just one specimen, many seek examples from each of the three Mints that produced this coin: Philadelphia, San Francisco, and Carson City. Building a complete date and mintmark set is a significant undertaking due to the associated costs. The scarcest issue for this type is the 1870-CC, with a mere mintage of 3,789 pieces. All 1870-CC Double Eagles are exceptionally rare and carry a substantial price tag. To illustrate their rarity, only 132 coins have ever been certified between the two major grading services, PCGS and NGC, and none of them have been designated as uncirculated. Additionally, neither service has certified any examples with a grade higher than AU-55.
A LITTLE STICKER MAKES A BIG DIFFERENCE.
Within each number of the coin grading scale is a small range of condition from low-end to high-end. Certified coins of the same grade can be of varying quality. Many of today’s collectors want coins that are solid or premium quality for their assigned grade. CAC holds coins to a higher standard so you can be confident in the value of yours. We verify previously graded coins … and award our sticker only to those coins that meet the standard for today’s selective buyer.
WHAT THE CAC STICKER MEANS:
Verified. Your coin has been verified as meeting the standard for strict quality within its grade.
Guaranteed. CAC stands behind our verification.
THE CAC STICKER IS BACKED BY EXPERIENCE.
CAC was founded by leading members of the numismatic community, including John Albanese, a respected authority on coin grading and the rare coin market.
The pricing quoted on this page is based on the current market price for this precious metal, which constantly fluctuates and we continuously update from 7 a.m. – 5 p.m. CT, Monday through Friday.
You will be charged the price listed at the time you place your order and it is confirmed as paid. If your order was not confirmed as paid, it may need to be reviewed by our fraud team and your price will not be locked in until you speak with a Blanchard account representative.
To protect against the rare event of abnormally volatile market conditions, we reserve the right to deny pricing quoted on this website.
You will be charged the market price at the time you lock in your order with us.