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Lot
7247

1856-O $20 AU50 NGC. Few 19th century United States coins ...

2004 January Long Beach Signature Sale #342

 
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Auction Ended On: Jan 30, 2004
Item Activity: 13 Internet/mail/phone bidders
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Description:
Very Rare 1856-O Double Eagle, AU50, A Classic American Rarity
1856-O $20 AU50 NGC. Few 19th century United States coins are as well known or as highly respected as the 1856-0 double eagle. And for good reason. Only 2,250 pieces were struck, and of that number a paltry 15-20 coins are believed known today in all grades. Which is why it comes as such a surprise to us that we cannot trace the pedigree of this piece. This is not the Bass coin, not the Eliasberg piece, not the Dallas Bank piece, and Pittman did not have one. With a little more time and patience this coin should be traceable however, as it has several distinctive marks that should show up in even the poorest quality photo from years ago. A shallow vertical mark is located on the lower portion of Liberty's cheek, a scuff is seen to the left of the date, and a diagonal abrasion is seen across the vertical bars on the shield.
This should be a lower Condition Census example, with the five finest examples known being:

1. Ex: Amon Carter. MS60+.

2. Ex: Eliasberg, Bell, Atwater. AU55.

3. Ex: Stack's 11/89, Stack's 1/84. AU50.

4. Sotheby's 5/87, identifiable by a planchet flaw to the right of the date. XF45.

5. Ex: Stack's 1/86, possibly a repeat of #4 above. XF40.

Aside from the distinctive marks listed above, the coin has reddish-golden coloration with traces of prooflikeness still in evidence around the devices. Slight, even friction is seen over the highpoints with numerous small abrasions scattered about. This is a rare opportunity to acquire this classic American rarity.
From a Magnificent Collection of Double Eagles.(#8918) (Registry values: P10, N86500) (NGC ID# 268Z, PCGS# 8918)

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