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1879-O $20 Double Eagle NGC AU58+

$115,000.00

There was a certain, unmistakable energy about the city of New Orleans that would be squashed during the Civil War, but like a Phoenix rising above the ashes, its inner birthright would never be taken.
At the onset of war, the Union seized the New Orleans Mint halting the production of double eagles in 1861. No other $20 gold coins would be coined again until 1879, which is the last year of production of New Orleans double eagles.
A tiny mintage of only 2,325 pieces were struck and only the classic rarity dated 1856-O boasts a smaller mintage. Today, the vast majority of surviving 1879-O double eagles grade no better than extra fine. The specimen offered here grades AU58+ and is the only one in the grade. The combined total PCGS and NGC population is one with thirteen graded finer. Undoubtedly the total census represents inflated statistics due to dealer and collector resubmissions trying to achieve higher grades.
The finest example to sell at public auction is from January 2014 when a MS60 realized an impressive $135,125. The last three examples seen at public sale are as follows:
        • August 2019 an AU58 realized $75,000.
        • January 2020 an AU55 realized $66,013.
        • May 2020 an AU53 realized $82,250.
Notable price guides list an AU58+ for:
        • PCGS is $125,000.
        • NGC is $131,750.
 
The present example is a very pleasing example for the grade and would be a welcomed addition in any great collection.

Only 1 left in stock

Additional information

Gold

$20 Double Eagles

Grade

AU 58

Grading service

NGC

Mint mark

New Orleans

Strike type

Business

Year

1879

Enhancement

Plus

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