2048: 1861-O $20 AU53 NGC. Start Price USD 35,000.00 Current Price USD 35,000.00 Time Left - Bid Count 1 Buy It Now Price - Reserve Price - Start Time Thursday, July 31, 2008 End Time Friday, August 01, 2008 Location Baltimore, MD See more about '2048: 1861-O $20 AU53 NGC.' Description click for larger image2048: 1861-O $20 AU53 NGC. 1861-O $20 AU53 NGC. The 1861-O is a storied issue and one that is entangled in the opening days of the Civil War. These pieces were struck under three different governing authorities: the United States, the State of Louisiana, and the Confederacy. Over the years, various theories have been proposed how one can tell which entity struck which coins, but in reality there is no definitive answer to this question. The total mintage for the 1861-O is 17,741 pieces. However, the rarity of these pieces would suggest a much lower mintage. This can possibly be explained by a passage from the Annual Report of the Director of the Mint from 1887 regarding the issuance of the 1861-O:"It is presumed that the larger part, if not the whole, of the gold coin struck, as above described, from United States coinage dies under other than legal auspices, was applied to purchases abroad, and that accordingly it has long since been melted down without ever having appeared in any form in domestic circulation." Most 1861-O twenties show a lightly punched date. On some the final 1 is barely visible. This piece shows weakness in that area also, but the reverse is atypically strong for the issue. Later die states show obvious and somewhat crude strengthening of the 8. These pieces are often considered CSA coins. Following this logic, the definition on this coin would tend to indicate it is either a federal issue or State of Louisiana coin. The bright orange-gold surfaces are peppered with numerous small to medium-sized abrasions. However, the only marks worthy of individual note are a diagonal scratch from the lower obverse field across into Liberty's neck with a shallow planchet void beneath it, and a barely perceptible scratch higher in the left obverse field. Coin Engraver: James B. LongacreShipping: Coins & Currency (view shipping information)Important notice: Heritage usually auctions material at the rate of 200-250 lots per hour. On some occasions eBay Live bid software or the Internet may not be able to keep up with the pace of the auction. We recommend placing a realistic absentee bid now as insurance to avoid disappointment. Occasionally the auctioneer may eliminate or reject an eBay Live bid, and the auctioneer may also reopen a lot after the close of the eBay live bidding (usually because we missed an audience bid), and may reject your bid even if it shows you as the winning bidder. 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If you choose to place an absentee bid, please take a moment to learn how eBay Live absentee bidding works Auction House Info Heritage Auctions 3500 Maple Avenue 17th Floor Dallas, Texas 75219-3941, United States Tel: 214-528-3500 Fax: 214-443-8425 EMail: EbayLive@HeritageAuctions.com CLICK TO Ask a Question ABOUT THE LOT OR AUCTION FOR TECHNICAL SUPPORT CONTACT EBAY LIVE AUCTIONS Terms & Conditions Please view our complete Terms & Conditions at the following web address: http://www.heritageauctions.com/common/images/TermsAndConditions.pdf Auction House Heritage Auction Galleries3500 Maple Avenue17th FloorDallas, TX United States 75219800.872.6467Terms & Conditionshttp://ha.com/common/auction/terms_and_conditions.phpShippingBuyer Pays Shipping CostBuyer's PremiumUSD 0 - USD 999  20 %USD 1000 +   20 %PaymentContact For Payment DetailsTaxesLocal Taxes ApplyContractYour bid is a contract.Place a bid only if you're serious about buying the item. 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