3105

1860-O $20 AU58 PCGS.

Currency:USD Category:Coins & Paper Money / US Coins Start Price:1.00 USD Estimated At:1.00 - 1,000,000.00 USD
1860-O $20 AU58 PCGS.
1860-O $20 AU58 PCGS. The 1860-O is the fifth rarest New Orleans Double Eagle. It is fairly similar in overall rarity to the 1859-O, but is slightly more available in higher grades. Some 85-95 pieces are known in all grades with approximately 17-22 of these grading About Uncirculated. When an AU coin does become available, it tends to be a low-end example with heavily abraded surfaces and poor eye appeal. There were two comparably high grade 1860-O Double Eagles in the Bass collection. The first was a PCGS AU55 in the Bass II Sale (October 1999) which brought $19,550. In the November 2000 Bass IV Sale, a similarly graded example realized $21,850. A "Choice About Uncirculated" piece fetched $23,500 in the October 2001 Dallas Bank Collection Sale. Clearly, this is a date whose level of demand has increased in the past several years and prices have risen accordingly. This is a curious coin as it is atypical for the issue in several ways. The first four stars are weakly defined, as always, but the remainder of each side is exceptionally well brought up with notably strong definition on the other nine peripheral stars, the eagle's plumage, and the oval of stars above the eagle's head. Also, the expected color for this issue is a light, golden-yellow shade. This piece, also, has pronounced prooflikeness still visible in the fields. One would also normally expect heavy abrasions on an 1860-O Double Eagle, and this piece is not an exception. The surfaces are quite scuffy with two heavier marks visible on the obverse. Very scarce and desirable in this grade. Important notice: Heritage usually auctions material at the rate of 200-250 lots per hour. On some occasions eBay Live bid software or the Internet may not be able to keep up with the pace of the auction. We recommend placing a realistic absentee bid now as insurance to avoid disappointment. Occasionally the auctioneer may eliminate or reject an eBay Live bid, and the auctioneer may also reopen a lot after the close of the eBay live bidding (usually because we missed an audience bid), and may reject your bid even if it shows you as the winning bidder. By bidding via eBay Live, you agree that Heritage may award the lot to another bidder at its sole discretion under the circumstances described above or any other reasonable circumstances. Also please note that all Heritage lots purchased through eBay Live carry a 20% Buyer's Premium. Please make sure you read the Terms and Conditions before you bid.