1861-O $20 AU58 PCGS. An extremely popular issue among ...
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For example: On Tuesday, you bid $1500 against Bidder A's Maximum Bid of $1000, raising Current Bid to $1100. Then on Thursday, Bidder B, seeing a Current Bid of $1100, guesses the final price and decides to bid $1501, outbidding your Maximum Bid by $1. You would now have to bid $1600 through Heritage Internet bidding or $1550 on Heritage Live (if available for the auction) to possibly win that lot. Next time, maybe you'll bid $1502 and outbid Bidder B by $1!
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This lot is being sold without a consignor reserve. (Note: By law, consignors may still bid under certain conditions, but they are responsible for paying the full Buyer's Premium and Seller's Commission if they do.)
A reserve has been posted on this lot, but no bids have met the reserve. The current bid has been set to the reserve amount, and the next bid will meet the reserve.
Reserves have been posted for this auction, and there is a reserve on this lot that has already been met.
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While there is no way to determine which governing authority struck which 1861-O Double Eagles, the popularity and desirability of this issue remains constant among advanced collectors. Doug Winter's most recent (January 2002) estimate on the number of extant examples in all grades is 135-165 pieces, of which 30 coins grade AU50-AU58. To date, the '61-O is unknown in Mint State, a fact that confirms the high Condition Census standing of the Ashland City specimen. In fact, this coin is listed as the # 3 example on the Condition Census in Winter's 1992 book New Orleans Mint Gold Coins: 1838-1909. With the exception of the bottom of the digits in the date, every feature is sharply detailed. There is little evidence of wear, and the number of light to moderate abrasions is consistent with an O-mint Double Eagle at this grade level. Remnants of a prooflike finish are readily evident as the coin rotates under the light. A moderate scrape in the left obverse field inside stars 3 and 4 is a worthwhile pedigree marker. Clearly, this coin is one of the most important Double Eagles in the Ashland City Collection, and we anticipate significant bidder competition. It may be of interest to some that our January 2002 sale of the Eagle Collection of Double Eagles included an 1861-O that graded only XF45.
Ex: Miles Collection (Stack's, 10/1968), lot 854; Harry W. Bass, Jr. Collection (Bowers and Merena, 5/2000), lot 807, where it realized $18,400. The coin was certified AU55 by PCGS at the time of the latter sale.
From the Ashland City Collection. (NGC ID# 269J, PCGS# 8934)
Service and Handling Description: Coin/Currency (view shipping information)