David Akers (1975/88): The 1860 is a moderately scarce date, on a par overall with the 1854 (though it is not as rare in Unc.) and more rare than the 1850-1853 P-Mint issues. However, it is not as rare as the five P-Mints immediately preceding it. The 1860 is available in a wide range of grades from VF to average uncirculated. Choice and Gem mint state specimens are fairly rare but they are available from time to time. I have seen at least a half dozen Unc-65 or better examples.
Although not a regular issue, it is worth making a comment on the 1860 with the A.C. Paquet reverse. Since it is now known that the 1861 Paquet was intended for regular circulation, the correct status of the 1860 Paquet is that of transitional pattern. Only one specimen is known, a very choice proof, and it is in the Smithsonian Institution. This is undoubtedly the same coin that appeared in Bangs, Merwin & Co.'s May 1873 sale as lot 1329.
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