1851-O $20 AU58 PCGS. Variety 1....

Description

1851-O Double Eagle, AU58
Exemplary Color and Surfaces

1851-O $20 AU58 PCGS. Variety 1. An early die state coin without the peripheral cracks on the reverse. Both sides exhibit semiprooflike fields and bold design elements amid outstanding tangerine-gold coloration. Only the faintest trace of friction is visible on Liberty's cheek and the hair curls.

Most of the gold bullion coined at New Orleans in 1851 was in the form of eagles and double eagles, as these denominations were the most efficient way to process the large quantities of domestic gold being deposited from the California mines. The 1851-O twenty boasts a mintage of 315,000 coins, the highest in the series from this mint. However, these pieces circulated extensively. The typical coin grades in the XF or lower AU range. Near-Mint coins such as this are scarce, and Mint State pieces are rare, surviving only by chance. Population: 19 in 58, 13 finer (10/17).
From The Collection of Maj. Eugene Neal "Red" James, USMCR. (Registry values: N1793)

Coin Index Numbers: (NGC ID# 268J, PCGS# 8905, Greysheet# 9844)

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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