SOLD
19,000.00USD+ buyer's premium + applicable fees & taxes.
This item SOLD at 2020 Jun 29 @ 22:44UTC-4 : AST/EDT
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***Auction Highlight*** 1859-o Gold Liberty Eagle $10 Graded Choice AU By USCG. The 1859-O is easily the best-known of the antebellum New Orleans eagle issues. Its original mintage of 2,300 pieces is the lowest in that subset, and its status as one of the most elusive O-mint eagles is well-established across all grades. It proves particularly challenging in XF and better grades, according to Winter in his Gold Coins of the New Orleans Mint.
As recently as the 1980s, the 1859-O eagle was perceived by some to be fantastically rare in an absolute sense; Garrett and Guth cite Walter Breen's Encyclopedia and its claim that "fewer than 12 survive." The advent of certified grading has brought greater clarity to the population figures, and projections of 50 to 75 survivors across all grades are closer to the norm. While such numbers may be disappointing compared to the under-a-dozen figure stated by Breen, any issue with even 75 survivors is close to being rare in an absolute sense.
The present Choice AU coin has the typical yellow-gold color, but it also has the remnants of original Proof Like Fields. The fields show no major or distracting flaws, the central devices exhibit no overt abrasions. While the peripheral design elements are softly struck as usual, the portrait and eagle offer excellent definition. Overall, this is an excellent example of an issue that is a condition rarity so fine that NGC has graded five AU55 coins and four finer examples, two unprovenanced AU58 representatives and a pair of pieces from the S.S. Republic, one certified as AU58 and the other as MS62; PCGS has graded just four AU55 examples and none finer. The example at hand would be considered one of the finest known, tied for 3rd Finest in fact. The lone mint state found of the S.S. Republic has never come to auction, and the au58 sold for $50,400 in 2018. The other au55 example which have sold between 2000 and 2016 (none has sold in the last 4 years until today) ranged in sold price from a low of $25,300 in 2000 to $43,300 in 2015. It is also worth noting that between 1992 and 2019 a total of 35 instances of an 1859-o in any grade, has ever come to any auction anywhere. Currently there are ZERO listed for sale at collectors corner, and ZERO have been listed or have sold on Ebay in the last 6 months. I wish you Good Luck, on this once in a lifetime opportunity. And one more thing worth noting. The Smithsonian Collection’s finest 1859-o is an au-50. A Corey's Pick, Bid to Win, Don't let it get Away, you might not find its equal Coin. I give this coin my highest recommendation
Auction Location:
148 Route 73, Suite 3-284, Voorhees, New Jersey, 08043, United States
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| From (Incl.) | To (Excl.) | Premium |
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Infinite |
21% |
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