Rare Choice AU 1850-O $20 AU-55 (NGC)

1850-O Liberty Head Double Eagle. AU-55 (NGC).

Vibrant brassy-gold patina is accented by tinges of peach coloration across the highest points of this delightful New Orleans example. Suggestions of frosty luster glow from the protected areas and within the intricacies of the design elements. A desirable example of this first-year issue with original surfaces and strong eye appeal. Just 29 coins have been certified finer by NGC through MS-62. The perennially popular 1850-O is the premier double eagle from the Louisiana branch mint. A mintage of 141,000 pieces for this issue is considerably lower than the 1,170,261-coin mintage reported for the Philadelphia Mint's circulation strike delivery of the year. This began a trend that would continue throughout the early New Orleans Mint double eagle series of 1850 to 1861. While the vast quantities of gold that flowed east from California provided the bullion for double eagle coinage at both the Philadelphia and New Orleans mints, the majority of this precious metal found its way to the Northeast rather than the Deep South. The 1850-O is one of the more challenging early date New Orleans Mint double eagles to collect. Survivors are rarer than those of the 1851-O and 1852-O issues, and most are well worn in grades such as VF or EF. As with the Philadelphia Mint's issue of 1850, the 1850-O saw extensive use in domestic circulation, primarily in regions west of the Mississippi River where gold coins were a preferred medium of exchange. Other examples were exported, primarily to London, where they were eventually melted. With its first year status resulting in particularly strong demand among mintmarked gold type collectors and New Orleans Mint enthusiasts, this impressive Choice AU 1850-O double eagle is sure to see spirited bidding at auction.

PCGS# 8903. NGC ID: 268G.

NGC Census: 55; 29 finer through MS-62.