JUST ADDED - $10.00 - 1880-O PCGS MS62 CAC

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JUST ADDED - $10.00 - 1880-O PCGS MS62 CAC

39,500.00

Date…….1880-O
Grade…….PCGS MS62 CAC
PCGS Price Guide……...37500
Population (PCGS)…….1/1
Population (NGC)……...1/1
Population (CAC)……….1/0
Serial Number…….8689.62/83210748
PCGS Lookup Number…….8689

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THE SECOND FINEST KNOWN 1880-O EAGLE, PCGS/CAC MS62

Variety 1.

The 1880-O is the third scarcest With Motto eagle from New Orleans. An estimated seven to nine are known in Uncirculated, of which the present coin is the second finest. The clear finest known 1880-O is a PCGS MS64 which sold for a record-setting $129,250 as Stack’s Bowers 3/17: 3120.

Most of the Uncirculated 1880-O eagles which exist are repatriated coins which show deep “Euro” coloration from decades of storage in bank vaults. This piece has a more domestic appearance with glowing light yellow-gold color accentuated by splashes of reddish gold, moreso at the 9:00-12:00 obverse. The surfaces are extremely clean and I could see this coin grading MS63 although there are a few wispy slidemarks on the obverse; the reverse is superb.

No MS62 from either service has ever sold at public auction. A PCGS MS61 brought $21,600 as Stack’s Bowers 2018 ANA: 5281, and I paid $21,600 for a PCGS AU58 (which later graded MS61) from the Heritage 2/16 “Admiral” sale.

The finest known 1880-O (see above) is likely off the market for decades which makes this important coin the finest example likely available to advanced collectors of New Orleans eagles.

CAC has approved this one coin in MS62 with none finer. For the date, just two have been approved in all Uncirculated grades.

The Cajun Collection