The 1868 is the rarest Philadelphia Type Two Double Eagle. The coin is one of two Philadelphia Type Two Double Eagles with an original mintage figure of fewer than 100,000 business strikes (the other is the 1871). This year presents the specialist in this series with a real challenge.

The year 1868 is among the better produced Philadelphia issues of this type. The strike is generally quite sharp with very good detail noted on the hair of Liberty and on the obverse stars. The reverse is typically bold as well with strong feathers and wing tips on the eagle. Type Two Double Eagles are nearly always found with heavy abrasions and the 1868 is no exception. However, it is possible to find examples with fewer severe marks than on other dates from this era. 

Evaluation of Luster, Coloration, and Diagnostic Features

The luster seen on 1868 Double Eagles is generally well above average. Many coins show very intense frosty luster and some semi-Prooflike to nearly fully Prooflike pieces are known. The coloration on original, uncleaned pieces is most often orange-gold or rose-green gold.

An interesting diagnostic feature exists on certain business strikes and Proof 1868 Double Eagles. On the reverse, some denticles (or border beads) can be seen to the left and the right of the eagle’s tail towards the scroll. These are clash marks from the obverse and are mint made. They do not negatively affect a coin’s value.