1854-O $20

Description

Extremely Rare 1854-O Double Eagle

1854-O $20 XF 45 PCGS. This is a wonderfully pleasing example of this important double eagle rarity. Both sides exhibit attractive, even, medium orange-gold toning on the obverse and reverse. Very well struck for the issue with reasonably sharp hair and feather detail and full radial lines on the obverse stars. The surfaces show only a few small, insignificant abrasions and a considerable amount of mint luster remains. This piece exhibits many of the qualities of a full AU, and it is also one of the more aesthetically pleasing examples of this major rarity that we can recall having seen.
Fewer than two dozen examples are known of this issue from an original mintage of 3,250 pieces. In the past, this date has been regarded as comparable to (or even rarer than) the 1856-O, but it is actually slightly more available. Nonetheless, this is a major rarity that is missing from most collections. The last 1854-O double eagle we sold was an NGC XF 45 that brought $46,000 in our January 1999 FUN auction. This example should bring more, based on its superior appearance and increased demand since that time.
From the David & Jeannie Cheung Collection.

Coin Index Numbers: (NGC ID# 268T, PCGS# 8912, GSID# 9848)

Metal: 90% Gold, 10% Copper
Weight: 33.44 grams
AGW: 0.9675oz
Mintage: 3,250

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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