1850-O $20 AU53 NGC....

Description

Exceptional 1850-O AU53 Double Eagle

1850-O $20 AU53 NGC. The 1850-O double eagle is not difficult to locate in Very Fine and Extremely Fine, but is scarce in the lower About Uncirculated grades, about which Douglas Winter, in his Gold Coins of the New Orleans Mint, writes: "... most of the examples in this range are characterized by heavily abraded surfaces." He goes on to say: "Any piece that is only moderately abraded is extremely scarce and is considered very desirable by knowledgeable collectors."
The AU53 coin offered here has some light marks scattered over each side, as expected for a large gold coin that saw some circulation, but these are certainly not severe. Luster is also visible in the recessed areas of the yellow-gold surfaces, imbued with hints of light tan. Moreover, the design elements, despite some high-point wear, display fairly good detail. In sum, this piece generates above-average eye appeal, an attribute of which Winter contends is "hard to locate" on an 1850-O double eagle.(Registry values: N2998)

Coin Index Numbers: (NGC ID# 268G, PCGS# 8903, GSID# 9843)

Metal: 90% Gold, 10% Copper
Weight: 33.44 grams
AGW: 0.9675oz
Mintage: 141,000

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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