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Lot
2216

1883-O $10 XF45 PCGS....

2010 January Orlando, FL FUN US Coin Auction #1136

 
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Auction Ended On: Jan 7, 2010
Item Activity: 9 Internet/mail/phone bidders
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Location: Orlando, FL
Description:
1883-O Liberty Head Eagle, XF45
Low Mintage Rarity
1883-O $10 XF45 PCGS. The 1883-O boasts the lowest mintage of any branch mint Liberty Head eagle, at a mere 800 pieces. It is the rarest O-Mint eagle and one of the rarest coins of any denomination from the New Orleans Mint. Doug Winter estimates a surviving population of 35-45 examples in all grades, of which perhaps 14-18 specimens are in the XF range.
Collecting large denomination gold coins did not become popular in this country until the late 1930s, so early auction appearances of the 1883-O eagle are few and far between. The catalogers of Sale Number 399 (Morgenthau, 5/1939), appreciated the rarity of the 1883-O when they described lot 384 of that sale, "1883 O Extremely fine and excessively rare." Auction appearances are still uncommon today, with an example typically showing up maybe twice a year. Garrett and Guth remark, "Ownership of an 1883-O eagle is the mark of an advanced collector." The present offering represents an important opportunity for gold specialists to obtain an example of this rare date.
The present coin exhibits original surfaces, with gray-lilac patina over attractive shades of red. Semiprooflike luster remains evident in the protected areas. A speckling of blue dots appears on the top third of the obverse surface. Wear and handling marks are consistent with the grade. Population: 7 in 45, 12 finer (11/09).(Registry values: N4719) (NGC ID# 2668, PCGS# 8701)

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