1853-O $20 AU58 NGC. Variety 1....

Description

1853-O Double Eagle, AU58
Surprisingly Rare This Fine

1853-O $20 AU58 NGC. Variety 1. The 1853-O is considered the last of the readily available New Orleans double eagles. Following the establishment of the San Francisco Mint, California gold deposits plummeted at New Orleans, and double eagle coinage nearly subsided in 1854. In 1853, however, a flow of 71,000 double eagles came from the presses. This issue lives up to its reputation as a collectible date in circulated grades, where XF and low-end AU pieces are frequently encountered, but the same cannot be said of high-grade coins. Since our Permanent Auction Archives began in 1993, we have handled an AU58 coin on only a dozen previous occasions, including at least a few duplicate appearances by select pieces. Moreover, we have only seen one Mint State example within the last decade -- an MS61 NGC coin in the Central States Signature (Heritage, 4/2014), lot 5792, which realized $64,625.

This near-Mint example is sharply detailed and displays bright yellow-gold patina. The fields remain prooflike where they are not subdued by light friction, and eye appeal is outstanding. Surprisingly few abrasions are apparent. Given the low auction appearance rate of high-end 1853-O double eagles, we believe the certified population figures are inflated, that this issue is significantly rarer in high grade than its mintage gives it credit for. Census: 25 in 58, 7 finer (5/19).
From The Genau Collection. (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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