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LIBERTY HEAD (NO MOTTO ON REVERSE) TWENTY DOLLARS OR DOUBLE EAGLE (1849-1866)

1858-O Double Eagle

1858-O Double Eagle

1858-O Double Eagle or 1858 New Orleans Mint Double Eagle

PCGS No: 8924
Circulation strikes Mintage: 32,250
Proofs: Unknown
Designer: James Barton Longacre
Diameter: ±34 millimeters
Metal content: Gold - 90%
Other - 10%
Weight: ±516 grains (±33.4 grams)
Edge: Reeded
Mintmark: "O" (for New Orleans, LA) below the eagle's tail on the reverse.

 

Introduction:
The 1858-O double eagle is of similar rarity to the 1857-O issue. Both are usually seen in low-grade condition. Examples that grade Very Fine or Extremely Fine are the best that can be readily obtained. However, it should be remembered that the 1858-O date is scarce in any condition, with fewer than 200 examples remaining of the 35,250 coins struck. The two finest survivors are the PCGS MS-62 coin from the Harry W. Bass Jr. Collection and the MS-63 specimen that was listed as being a part of the S.S. Republic find. Both were partially prooflike, which is normal for high-grade examples of the date. The finest example from the S.S. Republic sold privately in 2004 for $135,000.
Key to Collecting: The 1858-O is a rarity, and fewer than 150 are believed to exist in all grades. However, examples are available for reasonable prices.
Aspects of Striking: Sometimes weak at the stars on the left side of the ohverse. High grade coins usually show prooflike surface, especially on the reverse, this being usual for double eagles of the New Orleans Mint.
Die Data: Standard four-digit logotype punch for this year (see description under 1858 Philadelphia Mint). Blundered Die, a.k.a. Misplaced Date (MPD): The obverse die has a stray 8 from the lowest hair curl to the field, a misplaced date logotype punch impression (Breen-7192, "Blundered die.").


Number of Appearances: 71 (16%)
High Grade Condition Points: 20
Average Grade: VF-36

Auction Records:
(5) Unc: Stack's 6/77; New England 11/75; AAA 6/75; WGC 1946; Bell 1944

(10) AU: Stack's 9/81; Paramount 11/79; Ivy 11/78; ANA 1976; Pine Tree 6/75; RARCOA4/75;Scanlon 1973; ANA 1971; Kreisberg/Cohen 11/70; Atwater 1946

(31) EF: Stack's 12/81, 3/81; Auction '79; Stack's 6/79, 2/79; Pine Tree 1/78; New England 3/77; RARCOA 4-5/76; Stack's 4/30/75; Superior 10/74; ANA 1974; PineTree3/74; Kreisberg/Cohen 11/72, 9/71; ANA 1971; Stack's4/7I, 6/70, 1/70,3/69, 1/69; Miles 1968; Shuford 1968; Stack's 5/68, 4/67, 10 66; Paramount 2/65; Wolfson 1962; Holmes 1960; Baldenhofer 1955; MC 1948; Roach 1944

(25) VF: Superior 6/81; Auction '80; Numisco 2/80; Stack's 6/79; Superior 6/78; Stack's 4/76; New England 11/75; Gilhousen 1973; Superior 3/71; Alto 1970; Kreisberg/Cohen 11/70; Paramount 11/67, 4/67, 2/67, 10,66, 5/66, 3,66; Kosoff 10/65; Bell 1963; Golden 1962; Cicero 1960; Melish 1956; Farouk 1954; Menjou 1950; Lee 1947

Comments:
The 1858-O Double Eagle is rare in any condition and prohibitively rare in mint state. I have seen only two uncs (both 60's) and a small number of AU's. The overwhelming majority of known specimens grade VF or EF and the typical 1858-O has a semi-prooflike or prooflike surface. As a date, the 1858-O ranks right in the middle of the O-Mint issues (7th out of 13), just slightly more rare than the 1857-O and 1861-O.

1858 HISTORICAL HIGHTLIGHTS

Washington, D.C., Apr. 6. President Buehanan. in demanding thai Mormons obey federal law. accuses ihem of "levying war againsl the United Stales" (—June 26).
Rosalia, Washington, May 17. U.S. soldiers suffer a humiliating dcfeal by Nez Perce and Spokan Indians.
Titusville, Pennsylvania, May. Colonel H.L. Drake begins drilling for oil. using technique of drivine iron pipe into well (-Aug. 28. 1859).
Memphis, Tennessee, June 13. Steamship Pennsylvania explodes on Mississippi River. killing 160 people.
Springfield, Illinois, June 16. Republican Abraham Lincoln, upon receiving Senate nomina¬tion, proclaims. "A house divided against itself cannot stand" (—Oct. 15).
Utah Territory. June 26. Colonel Johnslon's federal Iroops march into Salt Lake City, finding it mostly empty as Mormons move south.
New York City, July 20. Admission charged to baseball game for first time; New York All-Slars defeat Brooklyn.
Kansas Territory Aug. 2. State constitution rejected in popular vole. 11.812 to 1.926: Kansas fails to gain admission to union (-Jan. 29. 1861).
Massachusetts, Oct. 16. Henry Wadsworth Longfellow publishes The Courtship of Miles Siamlish. narrative poem about romance among Pilgrims.
New York City. In his popular The I'nwi'lfotm'ti Child' or the Crime of an Undesigned and l!ndesired Maternity. H.C. Wright openly examines birth control.
Washington, D.C. Lewis Mill issued patent for a lawn mowing machine.
Washington, D.C. Charles Weslcy March receives patent lor bundling harvester.
New York City. Steel pens are placed on the market.
New York City. Ladies Christian Association [YWCA] founded.
Haddonfield, New Jersey. First dinosaur skeleton excavated in L'nited Stales.
Brooklyn, New York. Edward R. Squibb founds pharmaceutical company.

See Double Eagle Gold Coins for sale. Click here!

Courtesy Akers: United States Gold Coins - An Analysis of Auction Records
Courtesy Bowers: A Guide Book of Double Eagle Gold Coins




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1858-O Double Eagle - New Orleans Gold - New Orleans Mint Double Eagles

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