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Lot
2570

1879-O $20 AU50 NGC. The sole Motto New Orleans double eagle issue. After closure for nearly a generation, the New Orleans ...

2006 November Dallas Signature Coin Auction #420

 
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Auction Ended On: Nov 30, 2006
Item Activity: 8 Internet/mail/phone bidders
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Description:
Difficult AU 1879-O Twenty Dollar Gold
1879-O $20 AU50 NGC. The sole Motto New Orleans double eagle issue. After closure for nearly a generation, the New Orleans Mint re-opened in 1879, to help the U.S. Mint fulfill obligations of the Bland-Allison Act. New Orleans struck millions of Morgan dollars annually, but only produced double eagles in 1879. The mintage of 2,325 pieces is less than any other O-mint double eagle, save for the extremely rare 1856-O. Since no one collected gold coins by date and mintmark in 1879, the value of the 1879-O went unrecognized for decades. NGC has certified just two pieces above MS60, and even in XF, the 1879-O is a contested rarity. This straw-gold example has substantial luster for the grade, although slight wear is evident within Liberty's hair. A minor alloy spot is noted on the upper left portion of the eagle's shield.(Registry values: N4719) (NGC ID# 26B8, PCGS# 8990)

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