The 1848-O is tied with the 1850-O and the 1854-O Small Date as the eleventh rarest of twenty one No Motto eagles from this mint. I estimate that there are a few hundred examples known but from personal experience, I do not see this date very often in the AU50 to AU55 range; the "sweet spot" for many collectors of this series. The present example is very lustrous with light orange-gold and rose color atop surfaces that, as usual, show a number of scuff marks from handling. The strike has some weakness at the center, especially on the reverse. Overall, a very presentable example of a date that has just a few dozen known in this grade range.