LOT Heritage Rare Coin Galleries  /  2007 Signature Coin - Charlotte, NC #432  / 

2217

1858-O $20 AU55 NGC. Normal dies, mintmark clear and w

Currency:USD Category:Coins & Paper Money / US Coins Start Price:1.00 USD Estimated At:1.00 - 1,000,000.00 USD
1858-O $20 AU55 NGC. Normal dies, mintmark clear and w
<B>1858-O $20 AU55 NGC.</B></I> Normal dies, mintmark clear and well formed. Overall, a pleasant example of this rarity. The first few stars are soft but otherwise the details on both sides are clear. Numerous tiny abrasions are noted, as one would expect from the grade, but none are serious. Of the original mintage of 35,250 pieces, it is believed that only 200 or so examples survived in all grades. One has only to think, for instance, of the 1860-O dime, also struck just before the Civil War broke out, to envision what happened to all the coins minted then at New Orleans. Many were sent abroad to purchase goods for the war effort, once they were captured by the CSA. Others were lost, melted, hidden but never recovered, who knows--those were days of great anxiety or hardship for most citizens. The two 1858-O double eagles at the top of the known population are of extreme value, one in the Bass Collection and one, discovered on the <I>S.S. Republic,</B></I> was sold three years ago for six figures and is doubtless more valuable today. Its mere existence gives more than an ample glimpse at the fate of perhaps most of those pieces minted all those years ago. The presently offered piece, while not of the caliber of those Mint State coins, represents an excellent opportunity to obtain a choice, pleasing, and far less expensive example.<BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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