SOLD – $1.00 – 1850-O PCGS MS63

1850O_1_P63.jpg
1850O_1_P63.jpg
sold out

SOLD – $1.00 – 1850-O PCGS MS63

6,250.00

Serial Number 7512.63/50154989

PCGS Lookup Number 7512

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The 1850-O is the rarest gold dollar ever produced at the New Orleans. It sells for less in higher grades than the more common 1855-O but the latter issue, because of its one-year type status, is in greater demand amongst a larger variety of collectors. The 1850-O is generally seen in the EF40 to AU50 grades. There are a few dozen known in Uncirculated with the great majority in the MS60 to MS61 range. Properly graded MS62′s are rare and this is a very rare coin in full MS63 with just six graded as such by PCGS and two fibner (both MS64′s).

This moderately abraded example is well struck with nice luster and a pleasing appearance. A few scuffs can be seen on the obverse; the reverse is very choice. Both sides display medium orange-gold hues.

The last PCGS MS63 example of an 1850-O gold dollar sold for $5,750 in the Heritage 8/11 auction as Lot 5309. Since 2003, there have been a grand total of three PCGS coins in this grade sold at auction with the highest amount being $6,613 in 2004.

Despite increased popuarity in New Orleans gold coins and gold dollars in general, the pricing of this condition rarity has stayed flat, making it a very good value in my opinion.