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Lot 3340

Image Information

Type Coin
Title Lot 3340
Date 1851
Side reverse
Grade 58
Service NGC
Service Catalog # 8905
Denomination $20
Mint Mark O
Description 1851-O $20 AU58 NGC. CAC. Variety 2. Ex: "Col." E.H.R. Green. Double eagle production at the New Orleans Mint peaked in only the second year of production for the denomination, with a mintage of 315,000 coins in 1851. While the active banking sector was experiencing increasing demand for the coins by this time, this period also saw some of the largest gold exports from the California gold fields during the Gold Rush. Despite its high mintage, the 1851-O double eagle experienced a high attrition rate; high-end AU examples are scarce, and the date became a notable rarity across the Mint State threshold. This near-Mint example boasts rich lemon-gold patina and retains substantial semiprooflike mirroring in the fields. A highly attractive example in every respect. Ex: "Colonel" E.H.R. Green; Green Estate; Partnership of Eric P. Newman / B.G. Johnson d.b.a. St. Louis Stamp & Coin Co.; Eric P. Newman @ $75.00; Eric P. Newman Numismatic Education Society. Realized $15275.00. Description courtesy of Heritage Auctions.

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