1859-O $20 XF45 NGC. Variety 2....

Description

1859-O Double Eagle, XF45
Challenging New Orleans Issue

1859-O $20 XF45 NGC. Variety 2. The 1859-O is among the scarcer double eagles from the New Orleans Mint and one of the dates that earns O-mint double eagles a reputation for being difficult to acquire. PCGS estimates that 75 to 100 pieces survive, while Doug Winter suggests 80 to 90 coins is a more fine-tuned figure. In Gold Coins of the New Orleans Mint, third edition, Winter writes:

"The 1859-O is the fourth-rarest Double Eagle from the New Orleans Mint after the 1854-O, 1856-O, and 1855-O. It is usually grouped with the 1860-O and they are similar in rarity but I have seen just a few more of the latter than the former."

This Choice XF example displays medium straw-gold and olive patina with uniform wear over each side. Scattered circulation marks accompany the grade, as is diagnostic of most O-mint double eagles. A pleasing coin that presents well to the collector who appreciates old-time gold patina. Census: 10 in 45, 41 finer (7/22).
From The John Franklin Donnelly Jr. 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.

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