1853-O $20 AU55 PCGS. Variety 1....

Description

1853-O Double Eagle, AU55
Exceptionally Smooth and Appealing

1853-O $20 AU55 PCGS. Variety 1. Gold deposits at the New Orleans Mint in 1853 amounted to more than $2.15 million, a substantial amount for a branch mint but only a fraction of the more than $53 million worth of gold that was deposited at the Philadelphia Mint the same year. Most of the gold was from domestic sources, namely California, which had been in the height of a gold rush since 1849. According to the Mint Director's Annual Report, the United States Mint and its branches coined approximately 102 tons of gold in 1853.

The 1853-O double eagle's mintage of 71,000 coins seems small by comparison, although structural repairs at the New Orleans Mint likely hindered high-capacity coinage during this period and leading into the following few years. Most of the 1853-O mintage was released immediately into circulation, and today the issue is scarce in all grades and genuinely rare above AU55. Mint State coins are unobtainable for most collectors. This Choice AU representative displays remarkably smooth, appealing surfaces with rich rose-gold, tangerine, and olive coloration. Hints of prooflike mirroring remain in the protected regions of the fields. Population: 31 in 55, 15 finer (10/17).
From The Collection of Maj. Eugene Neal "Red" James, USMCR. (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.

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