1856-O $10 Liberty Head Eagle PCGS AU58 - Condition Rarity!

Condition Rarity for Liberty Head $10 Specialist!

Of the 14,500 1856-O eagles that were produced, there is a survival rate of less than one percent.  

Many of those survivors grade around VF and are damaged in some manner. At this time, the advanced collector has to wait until an AU example becomes available. And now there is one of those being offered by AUCM. PCGS has graded just 14 as AU58 with just 2 finer. Those two are graded AU58+ and MS60. Thus this offering from AUCM is among the finest known.

The New Orleans Mint, where this great rarity was produced in 1856.

Gold dealer and specialist Doug Winter writes: "Despite the obvious scarcity of this issue, it is still not well known and can be accurately described as a 'sleeper' given its comparatively low value in current pricing guides.

"The 1856-O is nearly always seen in VF to EF grades. In the lower range of AU it is slightly less rare than the 1852-O or the 1855-O but it is still a very tough issue to locate. It is very rare in properly graded AU55 to AU58 and it appears to be unique in Uncirculated with just a single MS60 known to me."