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Lot
5521

1854-O $20

February 1994 Long Beach Sale #112

 
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Auction Ended On: Feb 3, 1994
Item Activity: 2 Internet/mail/phone bidders
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Description:
PCGS 1854-O XF 40. The 1854-O is a famous rarity among New Orleans double eagles. The original mintage was a paltry 3,250 pieces, and it is one of the rarest of all Coronet twenties, being comparable to other such exalted issues as the 1856-O, 1870-CC, 1881, 1885, and the proof-only 1883 and '84 dates. It is just a bit less rare than the 1856-O, and these two O-mint issues are often mentioned in the same breath by specialists. Akers estimates that the number of survivors is somewhere between 20 and 25 specimens. In XF condition it is considered a mid to high R.7 issue. Most examples grade VF to XF and show heavy abrasions. Not so with this evenly worn specimen. Trends $27,500. (NGC ID# 268T, PCGS# 8912)

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