1879-O $20 XF40 PCGS. Variety 1....

Description

1879-O Double Eagle, XF40
Only 2,325 Pieces Struck
The Only Type Three O-Mint Twenty

1879-O $20 XF40 PCGS. Variety 1. In 1879 the New Orleans Mint finally reopened for the first time since the hostilities of the Civil War closed it in 1861. For its second-act performance, the facility would strike silver dollars -- a large number, more than 2.8 million coins -- eagles, only 1,500 pieces, and double eagles, a meager 2,325 examples. The 1879-O double eagle would turn out to be the final O-mint of the Liberty Head twenty series, although New Orleans would strike other eagle issues later on, and its dying gasp would be the anachronistic 1909-O Indian Head five dollar issue.

The 1879-O double eagle is especially popular as the only Type Three twenty from New Orleans. This XF40 PCGS example offers medium yellow-gold surfaces with deeper accents of amber-orange around the peripheral devices. This issue usually comes heavily abraded, and scattered marks appear on this example, consistent with the grade. The obverse shows only minor abrasions. The reverse displays a couple of mentionable scrapes at WE (TRU)ST in the motto, along with the glory of rays nearby and at the F in OF. Population: 17 in 40, 38 finer (3/13).(Registry values: N4719)

Coin Index Numbers: (NGC ID# 26B8, PCGS# 8990, Greysheet# 9931)

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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