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    1850-O Twenty Dollar, AU53
    Introductory Issue

    1850-O $20 AU53 PCGS. Variety 3. The mintmark touches the tailfeathers. In June 1850, the New Orleans Bulletin published a small commentary on the recently inaugurated double eagle:

    "The Mint in this city is now in full operation, turning out double eagles with such rapidity that they will soon work up the immense heap of 'the root of all evil,' which was so long locked up in its vaults, to the great inconvenience of many parties. ... [T]he plan adopted by the Mint is judicious, of applying their force to the double eagle, as it will enable them to work up the accumulated stock of gold in a very short period."

    By year's end, the Louisiana branch mint had struck 141,000 of the new twenty dollar gold pieces. Production would fall dramatically after 1853, making the 1850-O one of the only collectible New Orleans twenties. Its first-year status adds a high level of interest. This AU53 representative has minimally abraded yellow-gold and lavender surfaces with blushes of orange color over the obverse. The strike is exceptionally bold for both a Type One double eagle and a New Orleans gold coin. Population: 27 in 53, 18 finer (8/16).
    From The Walter Freeman Collection, Part I.(Registry values: N2998)

    Coin Index Numbers: (NGC ID# 268G, PCGS# 8903)

    Weight: 33.44 grams

    Metal: 90% Gold, 10% Copper

    View all of [The Walter Freeman Collection, Part I ]

    View Certification Details from PCGS

    Auction Info

    Auction Dates
    October, 2016
    3rd-5th Monday-Wednesday
    Bids + Registered Phone Bidders: 7
    Lot Tracking Activity: N/A
    Page Views: 740

    Buyer's Premium per Lot:
    17.5% of the successful bid (minimum $19) per lot.

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