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Lot
2221

1859-O $20 AU50 PCGS. The elusive nature of this coin begins with its minuscule mintage, only 9,100 pieces in pre-Civil War...

2007 ANA Charlotte National Money Show Auction, Presented by Robert Korver #432

 
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Auction Ended On: Mar 16, 2007
Item Activity: 8 Internet/mail/phone bidders
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Location: Charlotte, NC
Description:
Elusive AU 1859-O Double Eagle
1859-O $20 AU50 PCGS. The elusive nature of this coin begins with its minuscule mintage, only 9,100 pieces in pre-Civil War New Orleans. Most of the issue that survives is well circulated, with the average example grading Very Fine or Extra Fine. According to gold experts Garrett and Guth, this issue is third behind "the ultra-rare 1854-O and 1856-O issues." The present example is refreshingly free of major surface distractions, although the myriad of tiny contact marks that appear under a strong loupe attest to a short stay in circulation. The only singular mark is a small scrape on Liberty's chin. Despite those marks, the surfaces show considerable prooflike luster remaining, easily visible in the protected areas around the periphery of each side. The coloration is golden-orange, with a tinge of greenish-gold near the date. Only 10 times in the last dozen years or so have we had the privilege of offering examples of this issue certified in a higher grade. Population: 9 in 50, 19 finer (2/07).(Registry values: N4719) (NGC ID# 269B, PCGS# 8927)

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