1853-O
$20 Double Eagle PCGS AU53. Overshadowed by the multiple
famous rarities struck in the next couple of years,
the 1853-O double eagle remains to be a very scarce
co in the higher grades. Just 71,000 pieces were struck,
and of this mintage no more than three or four uncirculated
examples survive, with less than seventy examples in
the About Uncirculated grades known to exist, as offered
here. Most examples that are offered are Very Fine,
or Extremely Fine at most. About Uncirculated examples
are scarce, and usually, very softly impressed at the
centers.
The present specimen is one of the sharpest coins we
have ever encountered of this issue. Nearly all researchers
have noticed the general weakness that comes with this
issue, which also seems to have worsened from the previous
issues of this denomination struck at the New Orleans
Mint. Heavy, and often deep marks, are usually encountered
on the surfaces of this issue, but this coin is relatively
free of that. Some minor marks are noted from handling,
but nearly all are minimal and not much noted except
with strong magnification.
Abundant luster is still visible in the protected fields
on this particular double eagle. A fair amount of reflectivity
is still visible in these fields, which looks quite
pleasing in hand. Overall the coin has a fresh look,
and the wear impacts the eye-appeal only minimal. Collecting
gold coins from the New Orleans Mint, in particular
double eagles, can be a daunting challenge. This coin
would fit perfectly in such a set, being a rarely offered
grade of this semi-rare coin which starts a series of
low mintage, very rare double eagle from this popular
Mint.
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