1858-O $20 AU58 PCGS. Variety 3....

Description

1858-O Double Eagle, AU58
Significant Southern Rarity

1858-O $20 AU58 PCGS. Variety 3. A die lump within the E of AMERICA and the mintmark positioned toward the left edge of N in TWENTY identify the die pair, one of three die marriages required to strike just 35,250 pieces at the New Orleans Mint in 1858. The 1858-O and 1857-O are of comparable rarity among the Type One issues, although the 1858-O is considerably rarer in high grades. It is very scarce in AU58 and rare in Mint State -- even with the discovery of five Uncirculated pieces were brought up from the S.S. Republic treasure.

This near-Mint example displays attractive deep, yellow-gold color with faint olive overtones. The strike is exceptionally sharp for an 1858-O, with only inconsequential wear on the high points of the hair. Mint luster remains in liberal amounts throughout both sides of the coin. Abrasions are less frequent than expected and they are of the shallow kind, with glimpses of prooflikeness still present in protected areas. PCGS reports just one numerically finer example. Population: 13 in 58 (2 in 58+), 1 finer (10/16).
From The Renz Family Collection of $20 Gold Coins.(Registry values: N2998)

Coin Index Numbers: (NGC ID# 2698, PCGS# 8924, Greysheet# 9893)

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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