Very Rare, Lustrous, Flashy 1850-O Liberty Double Eagle NGC AU58

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The inaugural coinage of the double eagle in New Orleans produced 141,000 coins, a substantial number for that facility, fueled by deposits of freshly mined gold from California.

The issue was popular in the banking system due to its high face value and proportionately manageable size, but the vast majority of examples also experienced extensive circulation in the South.

Most pieces encountered by collectors grade only in the VF to XF levels, and AU representatives are scarce and almost entirely restricted to the lower end of that range.

While not apparent in our images, this is a lustrous and flashy example.

Only 8 have been graded higher by NGC.

1850-Os are downright rare, as the population reports indicate.

Listed at $42,400 in the CDN CPG, $45,000 in the NGC price guide and $42,500 in Trends.


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