One of just 30,000 cases struck, all from precisely the exact same set of dies, the cataloger indicates it ought to take a higher tier, advising prospective losers,"Notice how fresh and clean the surfaces would be, with classic arbitrary red specks seen on additional untouched, uncleaned New Orleans gold coins from this era."
While the mirrored areas are reminiscent of an early attack from the die group,"Another quality that affirms this was an early attack is a hint of repunching beneath the lower right serif of this 1. This isn't seen on many examples of the notorious expire pairing, and could have been worn or polished away from the obverse die shortly after coinage started," that the Goldbergs observe.
"How it came to pass eight productions there remains a little of a puzzle, but this tasteful 1857-O $20 probably came with a passenger of several ways from New Orleans in the time it had been struck and maintained as a family heirloom," the catalogue states. The explanation distinguishes the topic that range from other modern New Orleans dual eagles lately recovered from shipwrecks such as the SS Republic, noting,"Another Prooflike coins certified by Numismatic Guaranty Corp. are rather bright and lack whatever their first patina was at the compound processing to prepare them for scoring," while praising the"amazing spots of red orange tone and just the smallest of managing marks" on the supplied double eagle.
Another new discovery -- that the catalogue says that it had been detected by Henry T. Hettger -- is a previously unrecorded 1799/8 Draped Bust cent rated Very Good 8 by PCGS, representing the uncommon number cataloged as"noncollectible," NC-1 at Sheldon's reference early large cents. Regardless of the extensive flow, it includes sleek, glistening medium chocolate brown surfaces with traces of grime in a few of the secure areas, largely around the wreath on the opposite that talk to its creativity. The cataloger adds,"The bottom border of this date is weak but visible while the top two-thirds of this date is powerful. The legends are complete except for the typical weakness in ES-OF near the peak of the reverse," and finds that it lacks both the face issues and absence of eye appeal frequently seen on cases of this number.
It's one of the best of over 10 understood; with the conservative grading criteria preferred by Early American Coppers, the Goldbergs tier it Very Good 7.
Owing to its rarity, the most important recent auction similar is the NGC About Great 3 case that attracted $18,800 in a January 2014 Heritage auction. The coin that is offered has a quote of $15,000 and up in the Los Angeles auction.