||1853-O $20 AU53 NGC. CAC. Variety 1. Ex: "Col." E.H.R. Green. As the San Francisco Mint would not be operational until the following year, California gold continued to be shipped to Philadelphia and New Orleans in 1853. Double eagle production at the Louisiana facility, however, declined to just 71,000 pieces, partly due to accelerating structural issues within the building. These difficulties would hit their peak in the following years, severely limiting large-scale production. This decrease in output of 1853-O double eagles is reflected in the scarcity of AU survivors and the profound rarity of Mint State coins, with only five of the latter having been certified (8/14). This piece shows warm honey-gold color and minimally abraded surfaces, with remnants of semiprooflike mirroring in the fields. Ex: "Colonel" E.H.R. Green; Green Estate; Partnership of Eric P. Newman / B.G. Johnson d.b.a. St. Louis Stamp & Coin Co.; Eric P. Newman @ $65.00; Eric P. Newman Numismatic Education Society.
Realized $16450.00. Description courtesy of Heritage Auctions.