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1879-O $20 AU58 PCGS....
Lot: 1921,
Auction: 2009 May Long Beach, CA Signature US Coin Auction #1125
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| Sold for: | Sign-in or Join (free & quick) |
| Ended: | May 28, 2009 |
| Item Activity: |
6 Internet/mail bidders
 828 page views |
Description:
Pleasing 1879-O Liberty Head Double Eagle, AU58
Low-Mintage Issue, Only O-Mint Type Three
1879-O $20 AU58 PCGS. The New Orleans Mint opened for business in 1838 and produced a continuous stream of gold and silver coins until 1861. The series included double eagles beginning in 1850. At the dawn of the Civil War, the facility fell into the hands of state officials and then the Confederate government. A limited number of coins were minted by both groups through about April 1861, before coinage was halted entirely.After being restored to the U.S. government at the end of the war, the New Orleans Mint remained dormant until 1879, when coinage production resumed, undoubtedly due to the need for silver dollar coinage under the Bland-Allison Act. In 1879, a limited number of double eagles were minted, just 2,325 according to mint records. They were the last coins of that denomination ever struck in New Orleans, and represent the only non-Type One issue of that mint. Those that were struck apparently entered circulation, as the date is a rarity in all grades and an extreme rarity in high grades, as the PCGS population shows. There are probably no more than 150 examples surviving in all grades, including a single harshly cleaned AU coin in the Smithsonian Institute. An early auction appearance of this date was in the Belden Roach Collection (B. Max Mehl, 2/1944), lot 196. Mehl's interesting description read, "1879 Last year of issue. Small O. Uncirculated with bright mint luster. Only the slightest evidence on obverse of having been handled with other coins. Catalogs at $115.00 but difficult to obtain even at that price."
This wonderful piece has brilliant lemon-yellow color and rose patina, with only a faint trace of highpoint wear over fully lustrous and frosty surfaces. A few minor abrasions are visible on each side, but they are entirely insignificant. Population: 2 in 58, 1 finer (4/09).(Registry values: N4719) (#8990)
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Shipping Description: Coins & Currency (view shipping information)
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(Important note: Due to software and Internet latency, live bids may not register in time, so enter realistic proxy bids.)This lot is in: Signature Floor Session (Live Floor, Live Phone, Mail, Fax, Internet, and Heritage Live) (lots 1-2139)
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Guides and Pricing Information:
Previous Prices from Heritage Auctions
| Lot | Date | Grade | Service | Realized |
|---|---|---|---|---|
| Auction 1132, Lot 1999 | Sunday, December 6, 2009 | 58 | PCGS | $74,750.00 |
| Auction 1117, Lot 3087 | Saturday, October 25, 2008 | 58 | PCGS | $74,750.00 |
| Auction 1122, Lot 3056 | Sunday, February 8, 2009 | 58 | NGC | $63,250.00 |
| Auction 1118, Lot 2478 | Saturday, December 6, 2008 | 58 | NGC | $71,875.00 |
| Auction 434, Lot 2371 | Saturday, May 12, 2007 | 58 | ANACS | $20,700.00 |
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Previous Prices from Heritage Auctions |
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