David Akers (1975/88): The 1861-S Paquet is the rarest Liberty Head Double Eagle from the San Francisco Mint. Its only real close competitor for that distinction is the 1866-S No Motto but, in my opinion, there are more of the latter in existence than there are 1861-S Paquets. In high grade, the 1861-S Paquet is extremely rare and, to the best of my knowledge, it is unknown in full mint state. I have seen only two specimens I graded as high as AU-50 and nothing even close to Unc. As a general rule, this date is usually grossly overgraded and even in strict EF condition it is seldom available. In my experience the majority of 1861-S Paquets are well worn, VF being typical, and they are almost always very heavily abraided.
Goldbergs 6/2005:1075, $134,550
H. Jeff Browning "Dallas Bank Collection" - Sotheby's/Stack's 10/2001:31, $40,250
Heritage 1/2009:4145, $149,500 - Charles G. Wright Family Collection - Heritage 4/2014:5807, $223,250
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