David Akers (1975/88): The 1861-S is scarce in all grades, on a par with the 1854-S, 1860-S, 1862-S and 1864-S among others. Compared to other S-Mint twenties, it is distinctly surpassed in overall rarity only by the 1861-S Paquet and the 1866-S No Motto. The majority of known specimens are well worn with F to EF being the typically available grades. In AU, the 1861-S is very scarce and in full mint state it is rare. Choice and gem uncirculated examples are very rare though not quite as "impossible" to obtain as similar quality examples of the 1864-S, 1866-S Motto and 1867-S to which the 1861-S is otherwise similar in overall rarity.
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