:
|
Lot 3056 |
1879-O $20 AU58 NGC....
2009 February Long Beach, CA Signature US Coin Auction #1122
|
Bid Information
For your convenience, the bid information on this page automatically refreshes with the most up to date data so you don't have to refresh/reload this page.Minimum Next Bid
Bid increments determine the lowest amount you may bid on a particular lot. Normally, bids must be at least one bidding increment over the Current Bid. However, podium, fax, phone and mail bidders submit bids at various times without knowing the current bid and must be on-increment or at a half increment (called a Cut Bid). Any podium, fax, phone, or mail bids that do not conform to a full or half increment will be rounded up or down to the nearest full or half increment.Internet bids are required only to bid the increment past the Current Bid, or more. Internet bids greater than one increment over the Current Bid can be any whole dollar amount.
It is possible under several circumstances for winning bids to be between increments. It is also possible for an existing bid to be outbid by less than a full increment, sometimes by only $1. This usually happens when two bidders feel that a lot is worth about the same amount, but one places an off-increment bid. Generally when this happens, the Current Bid was much lower than the high secret maximum bid when the off-increment bidder placed his bid.
For example: On Tuesday, you bid $1500 against Bidder A's Maximum Bid of $1000, raising Current Bid to $1100. Then on Thursday, Bidder B, seeing a Current Bid of $1100, guesses the final price and decides to bid $1501, outbidding your Maximum Bid by $1. You would now have to bid $1600 through Heritage Internet bidding or $1550 on Heritage Live (if available for the auction) to possibly win that lot. Next time, maybe you'll bid $1502 and outbid Bidder B by $1!
Number of Bidders
This number represents the number of individual bidders prior to the close of Internet bidding on each lot. An individual who bids more than once is still counted only once. During the live session, only the winning bidder is included in this number, although detailed records are kept of all forms of bids.Status
Reserve (If Any) Not Posted Yet:
Although many lots will not get reserves, this signifies that we have not yet posted any reserves to this entire auction. Reserves are usually posted approximately 3 days prior to the closing for Internet-only auctions, and approximately 7 days prior to the live session for Signature auctions. At that point, any unmet Reserve will become both the price shown (with an asterisk) and the Minimum Next Bid, regardless of any previous bids.
Consignor Has Not Yet Submitted a Reserve:
Although the consignor's agreement allows a reserve on this lot, the deadline for submitting such a reserve has elapsed. If consignor submits a reserve post-deadline and the item fails to meet that reserve, we may charge the consignor a higher reserve fee.
No Reserve:
This lot is being sold without a consignor reserve.
(Note: By law, consignors may still bid under certain conditions, but they are responsible for paying the full Buyer's Premium and Seller's Commission if they do.)
Reserve Not Met:
A reserve has been posted on this lot, but no bids have met the reserve. The current bid has been set to the reserve amount, and the next bid will meet the reserve.
Reserve Met:
Reserves have been posted for this auction, and there is a reserve on this lot that has already been met.
Minimum Bid:
Lots bearing bidding estimates shall open at Auctioneer's discretion (approximately 25% to 60% of the low estimate).
What's This?
Our Auction Results Archives now allow our members to make anonymous offers on items that may not be auctioned again for some time. Please note that the winner of this Heritage auction lot may or may not still own this item and may or may not be willing to sell.This Make Offer to Owner (MOTO) program is still in the Beta Test phase, and we would appreciate any suggestions to help us improve our system. Please email your suggestions to Webmaster@HA.com.
Heritage retains 10% of the total price as its commission (compared with a 12%-25% Buyer's Premium charged on auction transactions), from which Heritage absorbs all credit card/PayPal costs. This service is free to the buyer (no Buyer's Premium), includes a 7 day return policy, and protects the identity of both parties. Because no Buyer's Premium is charged on Make Offer to Owner transactions, auction consignment discount coupons are invalid.
Our software allows offers and counter-offers, but we suggest making your best offer the first time as most owners will not respond to low offers at all. You will receive a response or no-response email from Heritage within 72 hours.
What's This?
The owner of this item has indicated that they would sell this item at the amount, although their acceptance of your offer is required before the item can be purchased.Our Auction Results Archives now allow our members to make anonymous offers on items that may not be auctioned again for some time. Please note that the winner of this Heritage auction lot may or may not still own this item and may or may not be willing to sell.
This Make Offer to Owner (MOTO) program is still in the Beta Test phase, and we would appreciate any suggestions to help us improve our system. Please email your suggestions to Webmaster@HA.com.
Heritage retains 10% of the total price as its commission (compared with a 12%-25% Buyer's Premium charged on auction transactions), from which Heritage absorbs all credit card/PayPal costs. This service is free to the buyer (no Buyer's Premium), includes a 7 day return policy, and protects the identity of both parties. Because no Buyer's Premium is charged on Make Offer to Owner transactions, auction consignment discount coupons are invalid.
Our software allows offers and counter-offers, but we suggest making your best offer the first time as most owners will not respond to low offers at all. You will receive a response or no-response email from Heritage within 72 hours.
BP - Buyer's Premium
A Buyer's Premium will be added to each successful bid. For this sale: 15% of the successful bid (minimum $9) per lot. Please see #2 in our Terms & Conditions.Not Sold
This indicates an item that did not sell at auction because it did not receive bids equal to or greater than the reserve (minimum bid) amount set by the consignor, or the opening bid.Opening Bid
The opening bid is the minimum amount required to begin bidding, and is generally a percentage of the low estimate.
| Sold for: |
$63,250.00
(includes BP  ) Bid Source: Internet |
| Auction Ended On: | Feb 6, 2009 |
| Item Activity: |
10 Internet/mail/phone bidders
5,034 page views |
Description:
Sharply Defined 1879-O Double Eagle, AU58
1879-O $20 AU58 NGC. Shortly after the Civil War began in 1861 the coining presses at the New Orleans Mint fell silent. After 18 years of dormancy, the sound of machinery once again echoed off the walls of the Southern minting facility. Other than the substantial production of 2.9 million silver dollars struck to help meet the requirements of the Bland-Allison Act, little else was coined under the roof of the newly revived building. A paltry 1,500 eagles dated 1879 were struck, along with a similarly diminutive 2,325 twenty dollar gold pieces. Barely behind the 1856-O twenty with a mintage of 2,250 coins, the 1879-O boasts the second lowest mintage of all O-mint double eagle issues.Why so few gold coins were struck during the reopening of the New Orleans Mint is unknown, but is likely a combination of operational issues and the new focus on producing silver dollars. The following year saw an increase in the production of eagles and silver dollars, but a halt to the minting of O-mint double eagles. As such, the 1879-O is the only Type Three double eagle struck at the New Orleans Mint. The number of survivors is expectedly low, with 100 or so pieces believed extant in all grades. The second edition of Doug Winter's Gold Coins of the New Orleans Mint (2006) puts the surviving population at between 75-85 examples, while Dave Bowers' 2004 reference on the subject estimates as many as 126 extant pieces. The latter number was likely influenced by the combined NGC and PCGS population data, which documents 133 1879-O twenties in all grades as of (12/08), although there is little doubt that the total is artificially high due to multiple resubmissions.
One thing that Winter and Bowers agree upon is the number of Uncirculated survivors. Winter suggests three to five pieces extant against Bowers' estimate of four to six examples. The two major grading services record eight specimens in Mint State condition as of (12/08), although six of those pieces are encapsulated at the MS60 level, with the finest--the amazing Dallas Bank specimen and Akers plate coin--grading MS63. The current example is as close to an Uncirculated 1879-O twenty that one will get without encountering a six-figure price tag.
Crisp definition is apparent on this near-Mint State example, with none of the design features showing even hints of weakness. The bright yellow-gold surfaces exhibit ample luster, and reveal just a few minor circulation marks, but are devoid of significant alloy spots that often occur on examples of this issue. This piece features great technical quality and aesthetic appeal. Census: 11 in 58, 7 finer (12/08).
From The Grand Lake Collection.(Registry values: N4719) (#8990)
View Entire Collection
View large image(s) of this item
Shipping Description: Coins & Currency (view shipping information)
Guides and Pricing Information:
Previous Prices from Heritage Auctions
| Lot | Date | Grade | Service | Realized |
|---|---|---|---|---|
| Auction 1118, Lot 2478 | Saturday, December 6, 2008 | 58 | NGC | $71,875.00 |
| Auction 384, Lot 5064 | Saturday, September 24, 2005 | 58 | NGC | $40,250.00 |
| Auction 1132, Lot 1999 | Sunday, December 6, 2009 | 58 | PCGS | $74,750.00 |
| Auction 1125, Lot 1921 | Sunday, May 31, 2009 | 58 | PCGS | $69,000.00 |
| Auction 1117, Lot 3087 | Saturday, October 25, 2008 | 58 | PCGS | $74,750.00 |
| View prices realized from this item in other grades (you must be signed in) | ||||
|
PLEASE NOTE:
All prices realized reflect the final hammer price PLUS the buyer's premium
in auctions that charge a buyer's premium.
Each item has a notation at the top of the listing indicating whether that lot included a buyer's premium.
All information listed is intended to be as accurate as possible, but errors are possible.
Please use this guide carefully and inform us of any inaccuracies.
|
||||
BP - Buyer's Premium
A "Buyer's Premium" is charged in addition to the successful bid according to the rate defined in our terms and conditions.Price Guide*
| Grade | Coin World (Coin Values) |
Numismedia Retail |
Numismedia Wholesale |
Numismedia NGC (nmn) |
Numismedia PCGS (nmp) |
PCGS Price Guide |
PCGS+ |
|---|---|---|---|---|---|---|---|
| 55 | $70,000 | $66,950 | $51,500 | $46,500 | $47,500 | $62,500 | $66,000 |
| 58 | $95,000 | $87,750 | $67,500 | $59,500 | $61,000 | $80,000 | $85,000 |
| 60 | $135,000 | $143,000 | $110,000 | $100,000 | $100,000 | $95,000 | --- |
| *All information listed is intended to be as accurate as possible, but errors are possible. No item may be returned or refused based on this information which is provided as a service to our customers. You should contact each pricing source directly to determine the accuracy of this information. | |||||||
Population Guide
| Service | Grade | Population in this Grade | Population of Higher Grade | Population in All Grades | + | Mintage | Engraver |
|---|---|---|---|---|---|---|---|
| PCGS | Not available from PCGS | 2,325 | James B. Longacre | ||||
| NGC | 58 | 11 | 9 | 73 | - | ||
| CAC | 58 | 1 | 0 | 3 | - | ||
| *This information is provided and owned by PCGS. Its display and use are subject to the licensed agreement between PCGS and Heritage Auctions. | |||||||
Find Auction Prices for Comparable Items:
Photographs:
![](javascript:popUpBigPic("/common/view_image_only.php?img=" + encodeURIComponent("http://images.ha.com/lf?source=url%5bfile%3aimages%2finetpub%2fnewnames%2f300%2f4%2f4%2f7%2f8%2f4478881.jpg%5d%2ccontinueonerror%5btrue%5d&source=url%5bfile%3aimages%2finetpub%2fwebuse%2fno_image_available.gif%5d%2cif%5b%28%27global.source.error%27%29%5d&sink=preservemd%5btrue%5d"));)
![](javascript:popUpBigPic("/common/view_image_only.php?img=" + encodeURIComponent("http://images.ha.com/lf?source=url%5bfile%3aimages%2finetpub%2fnewnames%2f300%2f4%2f4%2f7%2f8%2f4478889.jpg%5d%2ccontinueonerror%5btrue%5d&source=url%5bfile%3aimages%2finetpub%2fwebuse%2fno_image_available.gif%5d%2cif%5b%28%27global.source.error%27%29%5d&sink=preservemd%5btrue%5d"));)
![](javascript:popUpBigPic("/common/view_image_only.php?img=" + encodeURIComponent("http://images.ha.com/lf?source=url%5bfile%3aimages%2finetpub%2fnewnames%2f300%2f4%2f5%2f2%2f8%2f4528410.jpg%5d%2ccontinueonerror%5btrue%5d&source=url%5bfile%3aimages%2finetpub%2fwebuse%2fno_image_available.gif%5d%2cif%5b%28%27global.source.error%27%29%5d&sink=preservemd%5btrue%5d"));)
![](javascript:popUpBigPic("/common/view_image_only.php?img=" + encodeURIComponent("http://images.ha.com/lf?source=url%5bfile%3aimages%2finetpub%2fnewnames%2f300%2f4%2f5%2f2%2f8%2f4528411.jpg%5d%2ccontinueonerror%5btrue%5d&source=url%5bfile%3aimages%2finetpub%2fwebuse%2fno_image_available.gif%5d%2cif%5b%28%27global.source.error%27%29%5d&sink=preservemd%5btrue%5d"));)
We changed the way we image slabbed coins on February 1, 2010, in order to get a more accurate image of the coin. To get the sharper details and more accurate colors we have focused the lighting on the actual coin, which has caused the top of the holders to appear darker and milky. Please disregard the color of the holders when examining the images.
Company Info
Help
3500 Maple Avenue, 17th Floor
Dallas, Texas 75219-3941
1-800-872-6467 / (214) 528-3500 / Fax: (214) 409-1425
Plan a Visit to Heritage
Copyright © 1999-2012 Heritage Auctions, Inc. | All Rights Reserved
