DESCRIPTION: The Reconstruction Era was one of
rebuilding the country after the Civil War, and the U.S. Treasury was
intent on replenishing the commercial banking system with circulating
coinage that had been melted during the conflict. The Double
Eagle, Type II was also intended to be used in international trade
payments, so many of the coins ended up in Europe and Latin
America. Thus, as a type of gold coin, the survival rate in mint
state condition is very low, and the entire series from 1866 to 1876
is scarce, especially in uncirculated or mint state condition.
This example has all of the tell-tale signs of having been transported
long distances in large cloth bags, but has none of the signs of wear
associated with ever having been in circulation. The strike is
solid for this issue, and the original skin of the coin, while marked,
still shines through over the majority of surfaces. A piece of
history within a popular collecting series.