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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