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Lot
7129

1861-O $20

2001 February Long Beach Signature Sale #248

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Offers to date: $17,000 on December 9, 2013
$15,500 on December 9, 2013
$15,000 on December 5, 2012
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Auction Ended On: Feb 23, 2001
Item Activity: 6 Internet/mail/phone bidders
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Location: Long Beach, CA
Description:
Scarce and Popular 1861-O Double Eagle
1861-O $20 XF 40 PCGS. Somewhat similar in appearance to the VF 35 1860-O above but with a better overall strike, and luster that is less reflective and more satiny. There are no deep marks and the overall appearance is very pleasing when one considers that most 1861-O double eagles have poor eye appeal. As on most known examples, the bottom of the date is weakly impressed. A very nice example of this popular issue.
The 1861-O is the final Type One double eagle from this mint and it is a desirable, historic issue. A total of 17,741 pieces were struck. 5,000 pieces were produced by the Union and the rest were struck on order of the Confederacy. In the past, it has been stated that those with weakness on the date are the coins struck by the Confederacy but this cannot be proved with complete accuracy. As a date, the 1861-O is similar in rarity to the 1857-O and the 1858-O but it is considerably scarcer in high grades. In fact, in the upper ranges of AU, the 1861-O is fully comparable to the more-heralded 1859-O and 1860-O.
From the David & Jeannie Cheung Collection. (NGC ID# 269J, PCGS# 8934)

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