1861-O $20 AU58 PCGS....
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|Auction Ended On:||Mar 7, 2008|
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Phoenix Convention Center
Lot Viewing: Room 106B
Auction: Room 106A
Numismatists have long sought out a way of differentiating the Confederate strikings from the rest of the issue, though suggestions remain speculative. The most plausible hypothesis, as described by Q. David Bowers and Southern gold specialist Doug Winter, is that the coins bearing a bold, crudely re-engraved date were the last pieces struck, and therefore Confederate coins. By contrast, the present piece shows distinct weakness at the lower parts of the digits in the date, suggesting an earlier origin.
Nonetheless, this coin is immensely desirable for its eye appeal and surprising condition. Rich yellow-orange surfaces retain ample detail, and while Liberty's hair detail is imperfect, the overall definition far exceeds the norm. The fields and devices show a number of fine abrasions and a touch of friction, but its overall appearance is excellent, and even the coin's most significant flaw, a mark to the right of the eagle on the reverse, is hardly distracting. An attractive and important representative of this era-ending issue, the last Type One double eagle struck at New Orleans. Population: 4 in 58, 2 finer (1/08).(Registry values: N4719) (NGC ID# 269J, PCGS# 8934)
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