JUST ADDED - $20.00 - 1854-O PCGS AU53

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JUST ADDED - $20.00 - 1854-O PCGS AU53

365,000.00

Date…….1854-O
Grade…….PCGS AU53
PCGS Price Guide………390000
Population (PCGS)…….3/4
Population (NGC)………4/6
Serial Number…….8912.53/82450651
PCGS Lookup Number…….8912

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ICONIC PCGS AU53 1854-O DOUBLE EAGLE

I go back and forth about whether the 1854-O or the 1856-O is the rarest New Orleans double eagle but I think the latter is very slightly rarer in AU and higher. There are probably not more than a dozen 1854-O twenties known in AU and unlike the 1856-O, this date remains unknown in Uncirculated.

This piece, which is plated in PCGS Coinfacts. is fresh to the market and appears to have no previous auction record. It is unusual for this issue as it hasn’t been scrubbed and it retains considerable mint luster under natural medium yellow-gold color; a small swath of reddish-gold on the obverse is present from 6:00 to 7:00. With the exception of a fairly prominent mark in the middle left obverse field, the surfaces are much more free of marks than normal for the date and grade. Overall, this is a really attractive coin which ranks as the nicest AU53 1854-O I am aware of and it is comparable to some I have seen in AU55 holders.

No PCGS AU53 1854-O $20 has sold at auction since January 2005 when Heritage sold one for $368,000. The last NGC AU53 brought $305,000 in February 2017 and it was much inferior to the present coin. A PCGS AU55 realized $440,625 in April 2014.

This is an obvious highlight of the Cajun Collection and if paired with the 1856-O $20 from this offering, it would instantly create the footprint for a truly world-class Type One double eagle set.

NOTE: I haven’t sent this coin to CAC due to its high value but I can’t guarantee that it wasn’t sent earlier.

From the Cajun Collection