1879-O $20 MS(PCGS#8990)

The Regency Auction 38

拍卖行

Legend Rare Coin Auctions

批号

47

等级

AU53

价格

584,217

详细说明

FROM THE BLUE HILL COLLECTION The Bland Alison Act of 1878, which created the Morgan dollar and ordered the coinage of hundreds of millions of silver dollars, reopened the mint in New Orleans, which had been closed since 1861 and the start of the Civil War. While the mint's efforts were focused mainly on silver dollars, some gold was struck there as well, intermittently. In 1879, the only issuance of double eagles was produced, with a tiny mintage of only 2,325. As a one year only type coin for the mint (the only Type III double eagle from New Orleans), demand for the 115-135 estimated survivors has always been very strong. The majority of known specimens are VF and XF grades, and even most of those that are numerically graded are not 100% original, showing signs of a long ago cleaning or other issue. Properly graded and original AU pieces are genuinely VERY RARE. This CAC approved PCGS AU53 is an amazing example for any collector. Highly reflective, lustrous surfaces beam all over, despite the very light friction from circulation. The details are crisply struck up on both sides, the devices have a nice frost, which at angles, contrasts very nicely against the depth of the reflective fields. There are, to be expected on a large gold coin like this some very minor contact scattered about, but they have minimal impact on the outstanding eye appeal. PCGS 6, NGC 7, CAC 1. This coin is very distinctive and cannot find an auction record for it, and this will be the first time a CAC example sells in auction. The PCGS auction records are, most recently $57,600 in November 2019 and prior to that, an example brought $66,000 in December 2017. The current Collectors Universe value is listed at $66,500 and the CAC CPG value is $76,200. These are VERY RARE any finer, the last AU55 sold in 2004. and none of the three PCGS Mint State coins have sold in auction. This gorgeous AU53 is worthy of another world class cabinet and will see very strong bidding from the specialist collectors. Good luck, this is a great looking coin that will invite very fierce competition. Cert. Number 25624532 PCGS # 8990.00