1850-O $20 AU58 NGC....

Description

Pleasing 1850-O Type One Double Eagle, AU58

1850-O $20 AU58 NGC. Twenty dollar gold pieces were coined at the New Orleans Mint for the first time in 1850, making the issue the first branch mint double eagle. A substantial mintage of 141,000 pieces was achieved, and the date is available today in grades up to the XF level. Doug Winter discusses the availability of the issue in higher grades in his 2006 edition of Gold Coins of the New Orleans Mint 1839-1909. Winter comments, "The 1850-O has proven to be quite rare in the middle About Uncirculated grades, very rare in the higher range of this grade, and extremely rare in full Mint State." Winter estimates a surviving population of perhaps 58-76 pieces in all AU grades. NGC has certified only 14 examples in AU58, with four finer, while PCGS has graded seven specimens at this level, with none finer (3/09).
The present coin has semiprooflike fields, with just a touch of friction on the high points of the design. The strike is surprisingly sharp for a New Orleans Mint issue, and the surfaces are accented by bright yellow and green-gold color. Overall eye appeal is quite pleasing.(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.

View Certification Details from NGC