Lot 1526
1850-O. NGC graded MS-61. Attractive light golden-violet toning. Only 40,000 strucik. The 1850-P double eagle is readily available in circulated grades, typically Very Fine or Extremely Fine, with occasional About Uncirculated examples on the market. Both the 1850-P and 1850-O seem to have circulated widely. However, in any grade higher than Extremely Fine, the more important of the two, the 1850-O, has always been in great demand as the first year of issue and one from the New Orleans mint. Possibly no more than a 15 to 20 survive in Mint State. Of the first three dates of New Orleans coins of this denomination, the 1850-O is the scarcest. In recent sales by competing firms some other 1850-O twenties have been called Uncirculated, perhaps pieces that have graduated from the About Uncirculated level, or perhaps new discoveries. In any event, only a few Choice examples are accounted for. Pop 6; 4 in 62, 4 in 64.
Estimated Value $8,500 - 9,000.
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| Realized $8,338 |
