14 December 2000
$5, 1844-O VF-35 (PCGS). One 364,600 coined, the second highest mintage of any New Orleans Mint gold coin. The present example is typical quality in light yellow gold with splashes of orange toning. Some marks are seen in the surfaces from coin to coin contact but are accounted for by the assigned grade. The reverse displays traces of lustre.
While most of the treasure coins are far above average, having been preserved by the "time capsule" of the sea and protective encrustation, this 1844-O is about par for the variety as encountered elsewhere. One can imagine that it had a long and extensive use in circulation-some 13 years before being carried aboard the ship.
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Post Lot Text
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