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Lot
7649

1861-O $20 XF45 PCGS....

2011 August Chicago Signature US Coin & Platinum Night Auction #1158

 
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Auction Ended On: Aug 12, 2011
Item Activity: 12 Internet/mail/phone bidders
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Location: Marriott - Chicago O Hare
8535 W. Higgins Road
Chicago, IL 60631

Description:
1861-O Double Eagle, XF45
Scarce Civil War-Era Issue
1861-O $20 XF45 PCGS. The 1861-O Liberty twenty was issued on the brink of the Civil War. Actually, the mintage of 17,741 pieces was issued under three different authorities:

1. Some 5,000 pieces were coined under the auspices of the United States government between January 1 and January 26, 1861.

2. The State of Louisiana minted 9,750 coins between January 26 and March 31, 1861.

3. The Confederacy issued 2,991 examples between April 1 and April 30, 1861.


Traditionally it has been assumed that only one pair of dies was used to produce the 1861-O mintage. However, Doug Winter has recently theorized that a second obverse die may have been placed into service at some point. More research is needed to clarify the situation. Examples exist with strong and weak dates, and Winter believes the strong dates may be the coins issued by the Confederacy.
The 1861-O is a scarce issue with an estimated surviving population of 135-165 pieces in all grades. Most examples seen are in the VF-XF range. The present coin shows light wear on the devices and some scattered minor abrasions on the surfaces. This coin has a weak date. A minor rim bruise is evident at 9 o'clock on the obverse, and another at 5 o'clock on the reverse. The surfaces retain much attractive mint luster. Population: 26 in 45, 42 finer (7/11).(Registry values: N2998) (NGC ID# 269J, PCGS# 8934)

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