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Lot
6507

1854-O $20

1998 Mid-Winter ANA Signature Sale #184

 
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Auction Ended On: Mar 20, 1998
Item Activity: 3 Internet/mail/phone bidders
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Location: Cincinnati, OH
Description:
Choice XF 1854-O Twenty--One of the Keys to the Double Eagle Series
1854-O XF 45 NGC. 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. While this piece shows the small marks one normally associates with a coin that has seen 15 points of wear, the only ones that are detracting enough to mention are a scratch in the upper left obverse field, and a couple of grease stains which were struck into the obverse at the time of manufacture: one to the right of star 5 and the other from the base of the neck into the lower left field. (NGC ID# 268T, PCGS# 8912)

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