Description

    1861-O Double Eagle, AU55
    Important Civil War O-Mint Rarity

    1861-O $20 AU55 PCGS. Strong Date, die crack from rim near star 2 to obverse field. The Civil War would in effect close the New Orleans Mint to coinage after 1861, when the facility was alternatively held by three entities -- the U.S. government, the State of Louisiana, and the Confederate States of America. Confederate troops would occupy the New Orleans Mint in April 1861. There is no accurate way of determining which double eagles were struck under which authorities, but only 17,741 examples in total were produced. After closing for coinage, it would be nearly 20 years, until 1879, before the New Orleans Mint would strike more coins, namely silver dollars, eagles, and double eagles.

    This Choice AU 1861-O twenty certified by PCGS shows much semiprooflike reflectivity remaining under a layer of small but extensive contact marks, well in concert with the grade. The golden-yellow surfaces still show generous luster and bold eye appeal. This coin is one of the Strong Date coins with a die crack running inward from the rim, just above star 2, into the obverse field before the profile of Liberty. These are the coins (approximately 17% of the total production) that Doug Winter posits were likely struck under the Confederacy.

    Most survivors of this issue are heavily worn and abraded, many being cleaned or having other problems that prevent them from being certified. The average grade of certified pieces is a tad more than XF45. This AU55 example is one of 16 such submissions at PCGS, and only six are finer (3/14). The finest graded at PCGS are two submissions in MS60. This coin represents an important opportunity to acquire this important Southern issue, an example that would be quite difficult to improve upon.
    From The Charles G. Wright Family Collection.(Registry values: N4719) (NGC ID# 269J, PCGS# 8934)

    Weight: 33.44 grams

    Metal: 90% Gold, 10% Copper


    View all of [The Charles G. Wright Family Collection ]

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    April, 2014
    23rd-27th Wednesday-Sunday
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