1859-O $20 AU50 NGC. Variety 2....

Description

1859-O Double Eagle, AU50
Rare in All Grades

1859-O $20 AU50 NGC. Variety 2. The 1859-O is a rare New Orleans double eagle with a small 9,100-coin mintage. Fewer than 100 pieces are known in all grades, primarily distributed throughout the various XF and AU levels. Only two Mint State pieces are documented, both heavily bagmarked. The 1859-O shares its rarity with most other O-Mint twenties leading up to the outbreak of the Civil War. After the San Francisco Mint became operational in 1854, gold deposits in New Orleans declined significantly, and large denomination gold coinage plummeted. Between 1854 and the 1909, when the New Orleans Mint ceased coin production for the final time, fewer than 115,000 double eagles were struck at that facility. Few gold coin sets are as difficult to assemble as the O-mint double eagles.

This AU 1859-O twenty displays satiny green-gold surfaces with relatively minimal chatter and abrasions. The strike is bold, and only trivial friction is seen over the devices. An outstanding example of this Type One branch mint rarity. Census: 9 in 50, 29 finer (5/16).(Registry values: N4719)

Coin Index Numbers: (NGC ID# 269B, PCGS# 8927, Greysheet# 9895)

Weight: 33.44 grams

Metal: 90% Gold, 10% Copper

Note for clients in the European Union: This lot is considered by the European Union to be “investment gold”. We believe that it meets the criteria established in Article 344(1), point (2) of Council Directive 2006/112/EC and thus should be exempt from import VAT regardless of the selling price. Any questions or concerns about VAT should be addressed to your accountant or local tax authority.

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