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Lot
6401

1879-O $10

1995 October Long Beach Signature Sale #144

 
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‡Note: The owner placed a late bid on this unreserved lot and repurchased it, subject to the full Buyer's Premium.
Auction Ended On: Oct 6, 1995
Item Activity: 2 Internet/mail/phone bidders Number of Bidders
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Description:
1879-O Eagle--The First of Three Offered
1879-O XF 40 PCGS. Even though we have three examples of this rare issue in the same auction, one should not think the '79-O is anything less than a very rare coin. As sometimes happens when an important collection crosses the auction block, other collectors and dealers consign their rarities also, hoping for a "coattail's effect" from the primary collection being offered. As the first New Orleans ten-dollar of the type (and an eminently collectible coin as such), there surely are three buyers for the three '79-O tens consigned. Akers likened the '79-O to the near legendary 1883-O, a far better known coin with an even lower mintage. All examples of this rare date are prooflike to some extent, and so it is with this coin. Even after twenty points of wear the fields still retain a reflective sheen beneath the rich reddish patina that covers both sides. A bit softly struck, the only surface flaw one might use for pedigree purposes is a small milling mark just to the right of the 9 in the date. (NGC ID# 265P, PCGS# 8685)

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