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Lot
2883

1849-O $10 AU53 NGC....

2009 February Long Beach, CA Signature US Coin Auction #1122

 
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Auction Ended On: Feb 6, 2009
Item Activity: 6 Internet/mail/phone bidders Number of Bidders
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Location:

Long Beach, CA

Description:
Seldom-Seen 1849-O Ten, AU53
1849-O $10 AU53 NGC. Ranked fourth in overall rarity among the 21 O-mint eagle issues, the 1849-O meets with spirited bidding when any example is offered at auction, regardless of condition. Over the past four years 11 pieces have crossed the auction block at Heritage and over half of those coins were graded in the XF40 to XF45 range. Fewer than 15 AU examples are known, with only four Uncirculated pieces believed extant by author and specialist Doug Winter (2006), with his Condition Census indicating two NGC-certified coins at the MS61 level. However, as of (12/08), the NGC Census Report indicates only one coin at that grade, while two Mint State pieces are recorded at PCGS--an MS60 and an MS61. With the aforementioned statistics in mind, the 1849-O eagle is undeniably and underrated issue. This is a pleasing yellow-gold example that shows slight softness of strike, as expected on this issue. Lightly marked over each side, but none are individually significant.
From The Grand Lake Collection.(Registry values: N4719) (NGC ID# 2636, PCGS# 8602)

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