1858-O $20 AU58 NGC. Variety 2,...

Description

1858-O Twenty Dollar, AU58
Prooflike Fields, Conditionally Rare

1858-O $20 AU58 NGC. Variety 2, the rarer die pairing that shows the date centered with the lower loop of a misplaced numeral protruding from the bust truncation above the second 8. The mintmark is centered above the N in TWENTY. This sharply struck near-Mint coin displays glimmering reflectivity in the fields where not hindered by light wear and scattered abrasions, although evidence of die lapping at the designer's initials suggests that this is not necessarily an early die state. Moderate field chatter is a contributor to the grade in the absence of obvious high-point wear.

The 1858-O double eagle comes from a mintage 35,250 coins and is scarce in all grades. Only a dozen Mint State grading events are reported, possibly including resubmissions. Since 1993, we have handled only three Uncirculated examples. Near-Mint coins are typically the finest available for this issue, and auction prices reflect the strong collector demand. The present coin is about as fine as an AU double eagle can get without warranting a Mint State grade. Census: 30 in 58 (3 in 58+, 2 in 58 ★ ), 6 finer (10/17).
Ex: New York Signature (Heritage, 7/2002), lot 9482.
From The Collection of Maj. Eugene Neal "Red" James, USMCR. (Registry values: N2998)

Coin Index Numbers: (NGC ID# 2698, PCGS# 8924, Greysheet# 9893)

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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