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Lot
7079

1854-O $20

2001 February Long Beach Signature Sale #248

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Auction Ended On: Feb 23, 2001
Item Activity: 5 Internet/mail/phone bidders
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Location: Long Beach, CA
Description:
Extremely Rare 1854-O Double Eagle
1854-O $20 XF 45 PCGS. This is a wonderfully pleasing example of this important double eagle rarity. Both sides exhibit attractive, even, medium orange-gold toning on the obverse and reverse. Very well struck for the issue with reasonably sharp hair and feather detail and full radial lines on the obverse stars. The surfaces show only a few small, insignificant abrasions and a considerable amount of mint luster remains. This piece exhibits many of the qualities of a full AU, and it is also one of the more aesthetically pleasing examples of this major rarity that we can recall having seen.
Fewer than two dozen examples are known of this issue from an original mintage of 3,250 pieces. In the past, this date has been regarded as comparable to (or even rarer than) the 1856-O, but it is actually slightly more available. Nonetheless, this is a major rarity that is missing from most collections. The last 1854-O double eagle we sold was an NGC XF 45 that brought $46,000 in our January 1999 FUN auction. This example should bring more, based on its superior appearance and increased demand since that time.
From the David & Jeannie Cheung Collection. (NGC ID# 268T, PCGS# 8912)

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