There are currently no items available for purchase in this Department. Search our Auction Archives below to find item values.
Opening Bid :
Current Bid:
Reserve Amount:

You are the current high bidder on this lot with a secret maximum bid of %bidPretty%.
(%bidBP% w/Buyer's Premium (BP) Buyer's Premium).


Notice: You are the current high bidder on this lot, but the next highest bid is within one increment. That means that any additional bids on this lot will outbid you. To increase your chances of winning, enter your highest maximum bid.

You are the current high bidder on this lot with a secret maximum bid of %bidPretty%.
(%bidBP% w/Buyer's Premium (BP) Buyer's Premium).

You are the current high bidder on this lot.
(Sign-In to see your maximum bid)

Your secret maximum bid of %bidPretty% has been outbid.

Your secret maximum bid of %bidPretty% does not meet the reserve.

(Sign-In to see your maximum bid)

Your secret maximum bid does not meet the reserve.
(Sign-In to see your maximum bid)

Lot
2682

1861-O $20 AU53 NGC....

2008 February Long Beach, CA Signature Coin Auction #460

 
Sold for: Sign-in or Join (free & quick)
Auction Ended On: Feb 15, 2008
Item Activity: 8 Internet/mail/phone bidders Number of Bidders
1,690 page views
Location:

Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Lot Viewing:
Room 103B,C (Tuesday Only)
Booth 400 (Wednesday - Saturday)

Auction Room:
Room 103 B,C

Description:
Possible 'Confederate' 1861-O Double Eagle, AU53
1861-O $20 AU53 NGC. A stunning representative of the final New Orleans coinage prior to its Civil War closure. In the early months of 1861, the Mint was operated by the Federal Government, the state of Louisiana, and the Confederate Government. Half dollars and double eagles were the only denominations coined. The half dollars have been extensively researched, with varieties now attributed to their emission from each of the three authorities. The double eagles remain unattributed in this regard. Mint records show that three die pairs were shipped from Philadelphia to New Orleans on December 10, 1860. Walter Breen conjectures that only one die pair was actually used; however, Doug Winter believes that a second obverse die may have been used.
Many 1861-O double eagles have an extremely weak date, with a perfect obverse die. Others, like this piece, have a bold and strong date, with a cracked obverse die. The obverse has a die crack from the border just above star 2, into the field nearly to Liberty's chin. A second crack joins the inner points of stars 2, 3, and 4.
Winter writes: "After looking through hundreds of auction catalogs and studying images of 1861-O double eagles offered for sale, I have determined that approximately one-fifth of the coins offered had a strong date and showed the obverse die crack. When one considers that the Confederacy is said to have struck approximately 17% of the original mintage figures of this issue (2,991 of the 17,741 struck) this is almost exactly the percentage of the coins that exhibit the strong date with the crack. It is my belief that these are the coins produced by the Confederacy."
In the past, some authors have suggested that the weak date coins were actually the Confederate pieces but we disagree and now subscribe to Winter's thoughts, although there is obviously no documented proof. This lovely double eagle has brilliant green-gold surfaces with satiny luster and strong design details. The fields are faintly scuffed as usual, but they are not marked. Hints of prooflike luster can still be found in the protected areas.(Registry values: N4719) (NGC ID# 269J, PCGS# 8934)

View large image(s) of this item

Service and Handling Description: Coins & Currency (view shipping information)

Sales Tax information  | NGC Coin Grading Guarantee  |  Terms and Conditions

Bidding Guidelines and Bid Increments

Guides and Pricing Information:

Previous Prices from Heritage Auctions
Sign-in or Join (free & quick)
Price Guide
Sign-in or Join (free & quick)
Population Guide
Sign-in or Join (free & quick)
Find Auction Prices for Comparable Items:

Photographs:
Sign-in or Join (free & quick) to see the full image




FLOOR AUCTIONS View All
Open For Bidding
Coming Soon
HERITAGE MEMBERSHIP
866,626
bidder-members
$933,827,689
sold in the last year
VIEW BENEFITS
  1. Past Auction Values (prices, photos, full descriptions, etc.)
  2. Bid online
  3. Free Collector newsletter
  4. Want List with instant e-mail notifications
  5. Reduced auction commissions when you resell your
    winnings 
CONSIGNMENTS WANTED
Only 1 day left to consign to the 2014 June 5 - 8 LB Expo US Coins Signature Auction - Long Beach!
Learn About Consigning With Us
I wholeheartedly recommend Heritage Auctions to anyone interested in selling their art, coins, books or any of the specialty items they handle.
M.R.
HA.com receives more traffic than any other auction house website. To compare for yourself, visit: compete.com
Take our 2014 Coin
and Currency Survey
Grand prize:
A Certified Uncirculated
1907 High Relief $20!*
Take the Survey
HERITAGE VIDEO TUTORIAL
GETTING THE MOST OUT OF SEARCH
RECENT AUCTIONS
2014 March 21 &  23 US Coins Signature Auction - San Francisco
2014 March 21 & 23 US Coins Signature Auction - San Francisco
REALIZED $4,375,539
2014 April 10-12 & 15-16 CICF World and Ancient Coins Signature Auction - Chicago
2014 April 10-12 & 15-16 CICF World and Ancient Coins Signature Auction - Chicago
REALIZED SO FAR $15,021,392
2014 January 9 & 13 FUN World Currency Signature Auction - Orlando
2014 January 9 & 13 FUN World Currency Signature Auction - Orlando
REALIZED $305,199