For a variety of reasons, the 1861-D is considered to be the most important and desirable gold coin produced at the Dahlonega mint. It is the single rarest collectible gold dollar, and it is the only issue conclusively produced entirely by the Confederacy. It is an issue with multiple levels of demand, and it has been coveted by collectors long before there was an established rare date gold market. An estimated 65-75 are known in total, with around a dozen or so having claims to Uncirculated status. Some of these higher graded coins have been processed and are no longer original as a result. Many others are off the market in tightly held collections.
This particular example is one of the more affordable versions of the historic date. With a mount removal noticeable around 12 o'clock on the obverse and the 6 o'clock spot on the reverse and a light obverse cleaning, this piece has a few minor issues. However, the D on the reverse is quite strong and this piece is still famous historically as being the only gold coin that can be confirmed to have been struck by Confederate soldiers in 1861.