1858-O $20 MS61 NGC. Variety 2....

Description

1858-O Double Eagle, MS61
Exceptionally Struck and Preserved
Among an Elite Group of High-Grade Coins

1858-O $20 MS61 NGC. Variety 2. The edge of left foot of the 1 is over a dentil, and the mintmark is virtually centered over the N. Less than 1% of the 35,250 twenty dollar gold pieces minted at the New Orleans facility in 1858 survive. Gold expert Doug Winter pegs the number between 225 and 275 coins extant. That means that relative to its original production the 1858-O is actually rarer than the 1856-O, which has a survival rate that slightly exceeds 1%. Of course in absolute terms the 1856-O is much rarer, but the 1858-O holds its own in Uncirculated condition.

Only six or seven coins are believed to exist in Mint State. As of (5/19), NGC reports three MS60, one MS60 Prooflike, two MS61, one MS61 Prooflike, three MS62, and one MS63. PCGS has seen two MS60 submissions and one in MS62. It is a near-certainty that many of those grading events represent duplications of the same coins. Three Mint State pieces were salvaged from the S.S. Republic wreckage, including an MS60 Prooflike, an MS62, and the finest known example of the 1858-O in Select Uncirculated condition.

While this piece has a number of characteristics that set it apart from its peers, its strong strike should be considered among the most impressive features. The 1858-O typically comes indistinctly defined, but this example enjoys razor-sharp detail on the portrait, including the curls, and on the stars, date, and eagle. The coin is exceptional in that regard. It also boasts lustrous yellow-gold surfaces that draw the eye of the viewer. Myriad abrasions, like those at the upper reverse or near star 12, limit the technical grade. Census: 2 in 61, 2 finer (5/19).
From The Genau Collection. (Registry values: N1)

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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