1851-O NEW ORLEANS $20 GOLD
1851-O New Orleans $20 Gold Liberty - Type INGC AU53
It is unfair to say that any New Orleans-minted Double Eagle is common. However, when reviewing the 13 different dates minted at this historic branch mint (1850-1861 and 1879) we find that the 1851-O is the most common. This is significant because ?type collectors? often seek the most common date from a mint to ?fill in their hole,? so to speak. As a result, demand from type collectors for the 1851-O is high, which provides both price support and liquidity.
The finest grade for the date is MS63 and the condition census is MS61. Coins in the condition census, or mint-state, are met with enthusiastic bidding and are seldom seen. We can go years without seeing a mint-state example. Evidence of this was seen with the recent auctioning of the finest-graded MS63 specimen which sold at the June 2016 Long Beach Expo Pre-Auction for an impressive $99,875.
Original mintage for the 1851-O was 315,000 coins. It is widely believed that fewer than 1,200 coins now exist in all conditions. Noted authors and experts in Type I Double Eagles believe 200-235 specimens exist in about-uncirculated condition, and 25-30 in MS60 or better.
Notably an AU53 example sold in January 2017 for $8,827. Current price guides are as follows; PCGS Guide $11,000 and NGC Price Guide is $11,450.
Coin ID #301426