Value of 1850-O $20 Gold Coin

Value of 1850-O $20 Gold Coin

Similar to the 1850 double eagle struck in Philadelphia, the 1850-O $20 double eagle, the first double eagle minted in New Orleans, is fairly scarce and highly desirable. High grade pieces are partially or fully prooflike. Some coins are lightly struck at the centers of the obverse as can be seen from a higher area of the curls below the coronet. The stars and date occasionally show weakness either due to striking or relapping of the die. Circulated examples of this low-mintage issue are moderately scarce, becoming very scarce to rare in About Uncirculated condition. True Mint State pieces are exceedingly rare, with no more than 6 to 8 pieces remaining. Currently the finest known example is an MS-62 (NGC) from the Dallas Bank Collection. Now more than a century and a half since they were originally minted, there is no reason to think many more MS examples will be found.