1879-O $10 AU58 PCGS. CAC. Variety 1....

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1879-O Ten Dollar, AU58
Only 1,500 Pieces Struck
Second Rarest With Motto O-Mint Eagle

1879-O $10 AU58 PCGS. CAC. Variety 1. With just 1,500 pieces struck, the 1879-O has the second lowest mintage of any eagle from New Orleans. It is the second rarest With Motto ten dollar from this mint after the 1883-O, and the fourth rarest eagle in terms of overall rarity after the 1883-O, 1859-O, and 1841-O. There are 70-80 pieces known with slightly more than two dozen in the various About Uncirculated grades and another three or four in Uncirculated.

This date saw little use in commerce and most were shipped overseas or to Southern banks; as a result, the surfaces on nearly all known 1879-O eagles are extensively abraded. These marks tend to be enhanced by the reflective surfaces which are seen on nearly every known example. On this particular piece, the fields display the expected reflectivity, and while abrasions are present they are not as deep as usually seen. The strike is strong throughout and the bright yellow-gold surfaces show a few faint streaks of red, perhaps alloy streaks.

The Jacobson coin was obtained by private treaty in 2007 and it represents excellent quality for the date and grade. Since the spring of 2006, just two PCGS AU58 1879-O eagles have sold at auction and these brought $49,938 in September 2015 and $51,700 in March 2017. Heritage has not sold a PCGS AU58 since April 2006.

The finest known 1879-O, a PCGS MS61, is off the market indefinitely, as is the second finest, an NGC MS61. This choice PCGS AU58 is likely the nicest 1879-O eagle the advanced collector of New Orleans eagles is likely to have a chance of owning.
From The Harvey B. Jacobson, Jr. Collection of Liberty Eagles. (Registry values: N4719)

Coin Index Numbers: (NGC ID# 265P, PCGS# 8685, Greysheet# 9489)

Weight: 16.72 grams

Metal: 90% Gold, 10% Copper

View all of [The Harvey B. Jacobson, Jr. Collection of Liberty Eagles ]

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