LOT #3347 |
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1853-O $20 AU53 NGC. CAC. Variety 1....
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Sold on Nov 14, 2014 for:
$16,450.00
Bid Source: Internet bidder
Description
1853-O Liberty Double Eagle, AU53
Elusive New Orleans Issue
1853-O $20 AU53 NGC. CAC. Variety 1. Ex: "Col." E.H.R.
Green. As the San Francisco Mint would not be operational until the
following year, California gold continued to be shipped to
Philadelphia and New Orleans in 1853. Double eagle production at
the Louisiana facility, however, declined to just 71,000 pieces,
partly due to accelerating structural issues within the building.
These difficulties would hit their peak in the following years,
severely limiting large-scale production. This decrease in output
of 1853-O double eagles is reflected in the scarcity of AU
survivors and the profound rarity of Mint State coins, with only
five of the latter having been certified (8/14). This piece shows
warm honey-gold color and minimally abraded surfaces, with remnants
of semiprooflike mirroring in the fields.Ex: "Colonel" E.H.R. Green; Green Estate; Partnership of Eric P. Newman / B.G. Johnson d.b.a. St. Louis Stamp & Coin Co.; Eric P. Newman @ $65.00; Eric P. Newman Numismatic Education Society.(Registry values: N2998)
Coin Index Numbers: (NGC ID# 268N, PCGS# 8910, Greysheet# 9847)
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.
Auction Info
2014 November 14 - 15 Selections from the Eric P. Newman Collection Part V US Coins Signature Auction - New York #1215 (go to Auction Home page)
Auction Dates
November, 2014
14th-15th
Friday-Saturday
Bids + Registered Phone Bidders: 16
Lot Tracking Activity: N/A
Page Views: 715
Buyer's Premium per Lot:
17.5% of the successful bid per lot.
Truth Seeker: The Life of Eric P. Newman (softcover)
A powerful and intimidating dealer of the 1960s, backed by important colleagues, was accused of selling fraudulent gold coins and ingots to unsuspecting numismatists. Who would go up against a man like that and, over the course of decades, prove the fraud? Who would expose a widely respected scholar as a thief, then doggedly pursue recovery of coins that the scholar had stolen from an embarrassed numismatic organization, all over the objections of influential collectors who had bought coins with clouded titles? Eric P. Newman would - and did. Reserve your copy today.
A powerful and intimidating dealer of the 1960s, backed by important colleagues, was accused of selling fraudulent gold coins and ingots to unsuspecting numismatists. Who would go up against a man like that and, over the course of decades, prove the fraud? Who would expose a widely respected scholar as a thief, then doggedly pursue recovery of coins that the scholar had stolen from an embarrassed numismatic organization, all over the objections of influential collectors who had bought coins with clouded titles? Eric P. Newman would - and did. Reserve your copy today.
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