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    Description

    1857-O Liberty Head Twenty, AU55
    Original Coloration, Scarce This Fine

    1857-O $20 AU55 NGC. Variety 1. Ex: Eureka Hoard. The New Orleans Mint suspended coinage operations in 1856 to undergo building repairs and fireproofing updates. Coinage did not resume until July 1857, after which only 30,000 double eagles were struck before the end of the year. Gold deposits during the early part of the year were also trivial. New Orleans received only a little more than $150,000 worth of gold, compared to the more than $12.5 million received by the San Francisco Mint. Deposits at New Orleans came chiefly from banks and individuals, and a large portion of the deposits from the latter sources contained California gold dust and various gold coins and bars issued a few years earlier by private California assayers. Occasionally, California gold nuggets (called "lumps" in the deposit records) were also received by New Orleans.

    Of the 30,000 double eagles struck at New Orleans in 1857, it is believed that only 200 to 250 survive, mostly in XF and low AU grades. Only a handful of Mint State coins are known, one of which was recovered from the S.S. Republic shipwreck. The Choice AU example offered here shows old-time olive-gold and peach patina, with light wear over the lightly abraded surfaces. Eye appeal is strong. This coin has the distinctive look of old-time New Orleans gold and it will appeal to a majority of Type One double eagle collectors.
    From The Genau Collection. (Registry values: N2998) (NGC ID# 2694, PCGS# 8921)

    Weight: 33.44 grams

    Metal: 90% Gold, 10% Copper


    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

    View all of [The Genau Collection ]

    Auction Info

    Auction Dates
    August, 2019
    14th-18th Wednesday-Sunday
    Bids + Registered Phone Bidders: 12
    Lot Tracking Activity: N/A
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