Liberty Head Double Eagle
1853-O Liberty Head Double Eagle. Winter-1, the only known dies. AU-50 (PCGS).
Vivid reddish-gold iridescence enlivens otherwise deep honey-gold patina on both sides of this sharply defined and appreciably lustrous AU example. Double eagle production at the New Orleans Mint reached its lowest point since the beginning of the series in 1853 with just 71,000 pieces produced. The distribution of the 1853-O is the same as that of the 1850 to 1852 New Orleans Mint deliveries, the coins seeing extensive domestic circulation in the South and west of the Mississippi River beginning in the year of issue. Some worn examples were likely included in international transactions of later years. With only 150 to 250 coins believed extant in all grades, Q. David Bowers (2004) describes the 1853-O as " the gatekeeper to what becomes a series of hard-to-find New Orleans double eagles." This coin comes highly recommended for inclusion in an advanced double set or Southern gold cabinet.
PCGS# 8910. NGC ID: 268N.
Ex New Orleans Gold Hoard.
Estimate: $6000