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Lot
4581

1879-O $20 XF40 PCGS. Variety 1....

2013 April 24 - 28 CSNS US Coin Signature Auction - Chicago #1184

 
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Auction Ended On: Apr 25, 2013
Item Activity: 7 Internet/mail/phone bidders Number of Bidders
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Location: Renaissance Schaumburg Convention Center Hotel
1551 North Thoreau Drive
Schaumburg, IL 60173

Description:
1879-O Double Eagle, XF40
Only 2,325 Pieces Struck
The Only Type Three O-Mint Twenty
1879-O $20 XF40 PCGS. Variety 1. In 1879 the New Orleans Mint finally reopened for the first time since the hostilities of the Civil War closed it in 1861. For its second-act performance, the facility would strike silver dollars -- a large number, more than 2.8 million coins -- eagles, only 1,500 pieces, and double eagles, a meager 2,325 examples. The 1879-O double eagle would turn out to be the final O-mint of the Liberty Head twenty series, although New Orleans would strike other eagle issues later on, and its dying gasp would be the anachronistic 1909-O Indian Head five dollar issue.

The 1879-O double eagle is especially popular as the only Type Three twenty from New Orleans. This XF40 PCGS example offers medium yellow-gold surfaces with deeper accents of amber-orange around the peripheral devices. This issue usually comes heavily abraded, and scattered marks appear on this example, consistent with the grade. The obverse shows only minor abrasions. The reverse displays a couple of mentionable scrapes at WE (TRU)ST in the motto, along with the glory of rays nearby and at the F in OF. Population: 17 in 40, 38 finer (3/13).(Registry values: N4719) (NGC ID# 26B8, PCGS# 8990)

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