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8334

1848-O $10 AU55 PCGS. Some patience and a decent amount ...

2002 September Long Beach Signature Sale #300

 
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Auction Ended On: Sep 27, 2002
Item Activity: 0 Internet/mail/phone bidders
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Location: Long Beach, CA
Description:
Low Mintage 1848-O Eagle, Uncommon Choice AU Preservation
1848-O $10 AU55 PCGS. Some patience and a decent amount of time spent at national coin shows will often turn up a few 1848-O Liberty Eagles in VF and XF. Above those levels, this issue is a significant condition rarity with just seven or eight AU coins believed extant from an original mintage of 35,850 pieces (per Winter, 1992). This partially lustrous survivor combines green-gold undertones with warmer orange-gold highlights. As is characteristic of this issue (which is among the most poorly produced O-mint Eagles from the 1840s) the strike is uneven with striking incompleteness most readily evident on the obverse stars. There is not an excessive number of abrasions for a circulated Southern gold coin of this size, but accuracy compels us to mention a moderate distraction in the reverse field above the tip of the eagle's right (facing) wing. A coin that will, nevertheless, form an integral part of an advanced Liberty Eagle collection. (NGC ID# 2634, PCGS# 8600)

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