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首席收藏网 > 数据中心 > Stack's Bowers and Ponterio > SBP2016年8月ANA-白金之夜#5

Lot:3464 1842年美国金币O Liberty Eagle NGC SP 60

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USD 180000

SBP2016年8月ANA-白金之夜#5

2016-08-12 08:00:00

2016-08-12 20:00:00

NGC SP60

USD 0

SBP

流拍

1842-O Liberty Eagle. Specimen-60 (NGC).A marvelous coin that with even the quickest glance reveals that it is certainly something special in a New Orleans Mint eagle. Smartly impressed devices exhibit remarkably full detail for a product of this Southern coinage facility. No less impressive is the finish, which is uniformly mirrored with the greatest vibrancy to the reflectivity evident at direct light angles. Wispy handling marks are mentioned solely for accuracy as none are worthy of singular mention. Handsome deep orange patina blankets both sides and further enhances an already memorable appearance for this fantastic rarity.<br />In 1841, the New Orleans Mint began production of eagles, striking some 2,500 examples of the denomination that first year, dramatically increasing production the following year with an output of 27,400 coins. Despite the more than ten-fold uptick in mintage, the issue is still one of the rarer of the entire series from this mint. Douglas Winter in <em>Gold Coins of the New Orleans Mint</em> rates the 1842-O as the fourth rarest eagle issue that is especially challenging in grade levels above VF or EF. Above AU, the coin is a well-regarded condition rarity, so much so that Winter states that "...it has been many years since a Mint State example has been available for sale." Our (Stacks) sale of the Johnson-Blue Collection in August of 2010 included an example certified MS-61 by PCGS that went on to realize $74,750, fully demonstrating the desirability of this early Southern eagle at the Mint State level. <br /><br />While an already sought-after rarity as a regular circulation strike, as a specimen striking this coin is in a league of its own. While special presentation strikings and Branch Mint Proof coins from the New Orleans Mint are known, they are of the utmost rarity. At most, there are only three other known Specimen or Proof eagles from the New Orleans Mint, the best of these being the Lorin G. Parmelee specimen 1844-O. The Parmelee 1844-O is said to have come out of the Seavey Collection sale as an "1844 Proof" with no indication of the presence of a mintmark, something that is not as surprising as it sounds. Collecting coins by mintmark was not popular until the 1893 publication of Augustus C. Heatons landmark book, <em>A Treatise on Coinage of the United States Branch Mints</em>. First offered as part of the 1890 New York Stamp &amp; Coin Co. Parmelee sale, the 1844-O specimen strike graced the cabinets of such famed collectors as William Woodin, Virgil Brand, and John Ford, Jr.. It was later offered for sale by Robert B. Lecce for $2,000,000 in the August 9, 2004 issue of Coin World. This particular specimen has been certified by PCGS as SP-64BM with a price guide value of $1,500,000. A second 1844-O eagle in an NGC Proof 65 Ultra Cameo holder has been reported, though it is not known if it is the same as the Parmelee-Woodin-Brand-Ford specimen. The only other Branch Mint Specimen eagle is an 1853-O piece certified at the SP-61 level by NGC, a coin that we (Stacks) had the distinct pleasure to sell in August of 2010 for $316,250. The 1842-O specimen strike eagle is therefore in fine company, bearing all the hallmarks of a piece that was struck with the extraordinary care indicative of a presentation strike: a strong, even impression rich in detail, crisply defined denticles, and frosted features on a brilliant field. Indeed, when it was offered as lot 777 in our 1974 Bowers &amp; Ruddy sale of the Stanislaw Herstal Collection, the cataloger was unequivocal about its status as a presentation striking: <em>"<strong>Presentation Striking of the 1842-O $10</strong></em><strong></strong><br /><em>1842-O. Specimen striking. A beautiful prooflike Uncirculated coin; undoubtedly a specimen striking. The fields are of unusual flatness and are highly polished as with a Proof. There are New Orleans Mint Proofs known of other coins of this era; the 1838-O half dollar and the 1844-O Proof eagle (Parmelee Sale) being examples. The present 1842-O specimen has some hairlines and some surface marks, but the distinctive prooflike cameo appearance is there."</em><br /><br />In discussion about the overall luster of the issue, Winters also observed that, "There are also a few that are prooflike including at least one that was offered as a presentation piece back in the late 1980s." With its certification as a Specimen-60 example by NGC, there can be little doubt of the exceptional nature of this piece. Herewith tonights sale is an example of one of the rarest of the rare: a Southern branch mint specimen strike $10 eagle. Students of the gold coins from the New Orleans Mint will pay special notice when this astonishing coin crosses the block to gain a place of honor in its next home.<br />,,,,Ex our (Bowers and Ruddys) Stanislaw Herstal Collection sale, February 1974, lot 777, where it was cataloged as a "Specimen striking;" Heritages CSNS Signature Sale of April 2006, lot 3915.

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