Gold bullion deposits were always small at the New Orleans Mint after the San Francisco Mint opened in 1854. As a result, mintages of double eagles were modest in later years and only 6,600 Liberty twenties were struck at the famous Southern facility in 1860. There was little numismatic interest in branch mint issues in general, and double eagles in particular, in 1860. Few 19th century collectors could afford to set aside extensive date runs of twenty dollar coins for their collections, and the few who could preferred to update their holdings by purchasing a gold proof set from the Philadelphia Mint every year. Accordingly, few high-quality examples were saved by contemporary collectors and the issue is elusive in high grade today. Doug Winter notes, “Properly graded AU55 and AU58 1860-O double eagles are very rare and I know of only one or two with claims to Uncirculated.” Unfortunately, the population data for this issue has been inflated by resubmissions and crossovers. Probably no more than 85 to 95 examples survive today in all grades.
While not apparent in pour images, this example exhibits strong luster with partially reflective surfaces at the peripheries of each side. The NGC population is 13 with 37 graded higher.
Listed at $64,800 in the CDN CPG and $70,000 the NGC price guide.
Offered at $61,300 delivered.
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