1859-O $20 AU50 PCGS. Variety 1....

Description

1859-O Double Eagle, AU50
Ex: Gilhousen-Bass

1859-O $20 AU50 PCGS. Variety 1. Ex: Harry W. Bass, Jr. Collection. With a mintage of only 9,100 pieces, the 1859-O double eagle ranks among the scarce issues in the series from the New Orleans Mint. Double eagle production at the Louisiana facility fell to only token quantities on an annual basis after the San Francisco branch mint became operational in 1854, and gold deposits from California virtually ceased. Some issues, like the 1854-O and 1856-O, are legendary rarities, while dates like the 1859-O are "merely" scarce. For this issue, PCGS estimates a survival of 75 to 100 coins in all grades.

The present example is in AU condition, with elements of field reflectivity remaining in the most protected regions. Light wear is seen, as are scattered contact marks, all being consistent with the AU50 designation. New Orleans double eagles are frequently heavily abraded, making this piece actually well-preserved by comparison.
Ex: Clarke E. Gilhousen Collection (Superior, 2/1973), lot 869; Harry W. Bass, Jr. Collection Part IV (Bowers and Merena, 11/2000), lot 827.
From The Schwenk Family Collection. (Registry values: N4719)

Coin Index Numbers: (NGC ID# 269B, PCGS# 8927, Greysheet# 9895)

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.

View all of [The Schwenk Family Collection ]

View Certification Details from PCGS