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    1860-O Double Eagle, AU53
    New Orleans Gold Rarity
    6,600 Coins Struck

    1860-O $20 AU53 NGC. Variety 1. Ex: Richmond Collection. A set of New Orleans double eagles features a host rarities, with a couple of more available early-date issues mercifully thrown in. The obvious and well-known stoppers in the series include the 1854-O and the 1856-O, each of which claims a meager mintage and a survival rate of only about two dozen pieces. The 1860-O flies somewhat under the radar, boasting the third lowest production total among Type One twenties from the Louisiana facility after those two ultra-rarities. Merely 6,600 coins were struck, and the estimated number of pieces extant is only 85 to 95 examples, ranking fifth in the series. According to Doug Winter's Gold Coins of the New Orleans Mint, third edition, just 30 to 33 of those 1860-O double eagles survive across all AU grade levels (the certification totals are almost certainly inflated). Possibly only one or two strictly Uncirculated examples exist.

    The fact that so few 1860-O twenties and other No Motto New Orleans double eagles survive even in relation to their low mintages is easily explained. The vast majority of these large gold coins were made for circulation in the East and Midwest. Large quantities were also exported in the foreign trade. Whether the coins were melted immediately upon receipt in Europe or after a stay in domestic circulation, the result was the same -- few survived in the absolute sense, and today they are rarely encountered in high grades.

    This AU53 representative, showing the vertical mintmark spaced away from the tailfeathers, displays bright yellow-gold surfaces with an unsurprising degree of semiprooflikeness in the fields given the low mintage. The first four stars are softly struck as always, whereas Liberty's curls and the eagle show good definition for the type. A small reed mark in the field above the nose serves as a pedigree identifier.
    Ex: Richmond Collection, Part I (David Lawrence Rare Coins, 7/2004), lot 2264.
    From The Genau Collection. (Registry values: N4719)

    Coin Index Numbers: (NGC ID# 269E, PCGS# 8930)

    Weight: 33.44 grams

    Metal: 90% Gold, 10% Copper

    View all of [The Genau Collection ]

    View Certification Details from NGC

    Auction Info

    Auction Dates
    August, 2019
    14th-18th Wednesday-Sunday
    Bids + Registered Phone Bidders: 8
    Lot Tracking Activity: N/A
    Page Views: 438

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