1860-O $20 AU53 PCGS....

Description

High Grade 1860-O Double Eagle, AU53
Key New Orleans Issue

1860-O $20 AU53 PCGS. The 1860-O is one of the rarest New Orleans double eagles, coming from a mintage of only 6,600 pieces. PCGS and NGC combined have graded slightly more than 100 examples, many of which are likely resubmitted or crossed-over coins. A single specimen has been designated Mint State--an NGC MS62. Very Fine and Extremely Fine pieces are typically seen. Low-end About Uncirculated coins are rare and specimens in the higher range of this grade are extremely rare.
Attractive yellow-gold and apricot patination is seen over both sides of this AU53 specimen and considerable luster is visible in the areas around and the interstices of the design motifs. Ordinarily, the 1860-O is not a well struck issue. The first four stars are usually weak, which shows to a certain extent on the present coin. Liberty's hair, however, is somewhat better defined on this piece than ordinarily seen, and the horizontal stripes are very sharp, an unusual characteristic of the date. Most of the eagle's plumage is also strong.
The coin's surfaces, while revealing a few small marks, are free of the deep, detracting marks seen on the majority of 1860-O double eagles. These attributes add up to above-average eye appeal for this particular specimen, a significant point as most survivors are poor in this regard. The aficionado of rare gold coinage will want to give serious attention to this piece as it will be extremely difficult to locate a finer specimen. Population: 10 in 53, 8 finer (2/10).(Registry values: N4719)

Coin Index Numbers: (NGC ID# 269E, PCGS# 8930, GSID# 9897)

Metal: 90% Gold, 10% Copper
Weight: 33.44 grams
AGW: 0.9675oz
Mintage: 6,600

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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