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Lot 1056

1860-O, One of the Finest
Known! PCGS graded AU-58. Neither PCGS or NGC has graded a coin of
this date in Mint State, and this is about as close to that grade as you can
get. One of the finer points of this coin is that the fields are prooflike, so
it was likely an early strike off the dies. The devices are all very sharp as
well, with no signs of weakness even on the upper curls of Liberty. Only 6,600
were struck, and doubtless very few were saved. As the Civil War exploded into
the forefront of the news, many were likely melted to pay for needed munitions
and other war materials in the cash poor South. Somehow, this coin survived at
the top of the heap, with just a trace of wear and a light scattering of ticks
from handling. Liberty's cheek is clean, and there are no disturbing digs or
problems signs of contact, also unusual for this large, New Orleans Mint issue.
PCGS has graded only 4 this high, and NGC has graded 12 as such, and again,
neither service has graded any higher. In PCGS holder #50021137. Estimated
Value $25,000-UP.
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