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1883-O $10 AU58 NGC....
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Sold on Jan 7, 2015 for:
$70,500.00
Bid Source: Internet bidder
Description
1883-O Eagle, AU58
Lowest-Mintage Branch Mint Ten
Only 800 Pieces Struck
1883-O $10 AU58 NGC. The 1883-O is the rarest New Orleans
eagle, and among the rarest O-mint coins of any denomination --
unsurprisingly so, given its remarkably low mintage of 800 coins.
That mintage figure gives the 1883-O the status of having the
lowest mintage figure of any branch mint Liberty Head eagle. Only
two Philadelphia Mint eagle issues, the 1875 and 1876, have lower
production totals than the 1883-O, at 100 and 687 business strikes,
respectively.Doug Winter writes of the 1883-O issue in Gold Coins of the New Orleans Mint 1838-1909:
"The level of eye appeal for the 1883-O eagle is well below average. Most are well worn, poorly struck and show a lack of 'balance' between the obverse and reverse. Any piece that is original and which is not covered with deep marks is extremely desirable and should command a strong premium over a typical unappealing example."
The present AU58 NGC-certified example is among only four submissions in that grade, with a single MS61 finer. PCGS reports equal numbers in AU58 and MS61, with none finer (10/14). The surfaces of this piece are far finer than normally encountered, still showing considerable prooflike surfaces remaining -- a byproduct of the extremely low mintage -- and deep orange-amber patina on each side. A few tiny contact marks appear on the neck of Liberty and dotting the fields on each side, but they are minor and certainly in context with the high circulated grade. Minor strike weakness shows on some, but not all, of the obverse stars, and this is a coin that is well-balanced in appearance between each side.(Registry values: N4719)
Coin Index Numbers: (NGC ID# 2668, PCGS# 8701, Greysheet# 9501)
Weight: 16.72 grams
Metal: 90% Gold, 10% Copper
Auction Info
2015 January 7 - 12 FUN US Coins Signature Auction - Orlando #1216 (go to Auction Home page)
Auction Dates
January, 2015
7th-12th
Wednesday-Monday
Bids + Registered Phone Bidders: 18
Lot Tracking Activity: N/A
Page Views: 1,369
Buyer's Premium per Lot:
17.5% of the successful bid per lot.
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