SOLD – $10.00 – 1859-O NGC AU55

1859O_10_N55.jpg
1859O_10_N55.jpg
sold out

SOLD – $10.00 – 1859-O NGC AU55

33,500.00

Serial Number 1661938-003

PCGS Lookup Number 8629

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The 1859-O is numismatically significant as the rarest No Motto eagle from the New Orleans mint. Only 2,300 were produced and there are just 50-60 known, mostly in the EF40 to AU50 range. This date is unique in Uncirculated (an example from the S.S. Republic) and only one or two are known in AU58.

This nice example shows medium natural russet-gold color with some slight deepening of the hues towards the borders. Both sides show good detail and there is a surprising amount of mint luster visible. A fairly recent scrape in the left obverse field is the only mark worth noting; the fields are lightly abraded but have fewer distracting marks than normal for the date and grade.

There have been just three AU55′s sold at auction since the summer of 2008 with a low of $25,300 and a high of $37,375. In August 2006, I purchased the Eliasberg AU55 for $52,900.

For many years, this date was the undisputed “king” off the New Orleans eagle series but it has lost some traction to the 1883-O and it now seems undervalued in comparison. An important coin for the advanced collector.