Lot 4735
1879-O $10 Liberty. NGC graded EF-45. Rare date. This important issue was the first eagle produced at the New Orleans Mint since it fell into rebel hands just before the Civil War. Once specie payments were resumed at America's banks (January 1, 1879) and paper money returned to "par" against gold, then the government allowed New Orleans the opportunity to begin striking coins after so many years. The low mintage of just 1,500 pieces has been a bright beacon for many collectors of the series since the 1879-O rarely appears at auction. Possibly fewer than 200 exist. This is a problem-free coin for the grade whose surfaces exhibit attractive tan-gold color. There are no inconvenient abrasions, and only a few tiny niggling marks that deserve a cursory glance at best. Many numismatists would argue the 1879-O is comparable in rarity to the lower mintage (800 pieces) 1883-O. Pop 13; 33 finer. (PCGS # 8685) .
Estimated Value $4,500 - 5,000.
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| Realized $6,038 |
