1852-O $10.00 NGC AU58

After the New Orleans eagle production soared to 263,000 in 1851, it dropped back down to 18,000 in 1852. The 1852-O eagle is tied for the fifth rarest of twenty-one No Motto issues from this mint and it becomes extremely rare in properly graded AU58 and above. I know of two or three in Uncirculated (the best is an NGC MS61 that is ex Byron Reed: 160 and it sold for over $30,000 back in 1996) and just three or four others in AU58. This example is oustanding for the date and grade with just a small amount of friction in the left obverse field keeping it from an MS61 grade. The surfaces are every clean with nearly no abrasions and nice medium orange-gold color. Very few examples in this grade have reached the market in the last decade with the last APR of note being the PCGS example sold as B+M 8/10: 1730 that brought $20,700. This is the best 1852-O eagle that I have handled in years and it will become an important addition to an advanced set of New Orleans eagles.