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1847-O TEN DOLLARS OR EAGLE

PCGS No: 8598

Mintage:

Circulation strikes: 571,500
Proofs: 0

Designer: Christian Gobrecht

Diameter: 26.8 millimeters

Metal content:
Gold - 90%
Other - 10% 

Weight: 258 grains (16.7 grams)

Edge: Reeded

Mintmark: "O" (for New Orleans) below the eagle on the reverse

Varieties:
Normal Date
Doubled 1 of date
Doubled O

Notes:
According to Walter Breen, six pairs of dies were available for striking 1847-O Eagles. 

The 1847-O has the highest mintage of any Eagle made at the New Orleans Mint, more than double that of the nearest challenger (1851-O).  Thus, the 1847-O Eagle is easy to locate in most circulated grades.  The grade seen most frequently is EF-40.  AU examples become scarce and only a handful of pieces are known in Mint State.

PCGS has graded only seven Mint State 1847-O Eagles, the finest of which are two MS-64's.  NGC has graded 12 Mint State 1847-O Eagles, the finest of which is a single MS-63.

In August, 2004, NGC published a partial population report of gold coins recovered from the shipwrecked SS Republic.  Included were 123 1847-O Eagles, ranging in grade from Very Fine to MS-61.  39 of the coins were listed as "Doubled 1", four were listed as "Doubled O", and one was listed as "Lamination Obv".

Recent appearances:
PCGS MS-64.  Bowers and Merena Galleries, "The Harry W. Bass, Jr. Collection, Part IV Sale", November 20-21, 2000, Lot 626, "Repunched 18", illustrated, sold for $21,850.00  Purchased from Stanley Kesselman on April 30, 1968.  Offered by Bowers & Merena Galleries for $29,950 in the June 11, 2001 issue of The Coin Collector

PCGS MS-61.  Bowers and Merena Galleries, "The Harry W. Bass, Jr. Collection, Part IV Sale", November 20-21, 2000, Lot 627, illustrated, sold for $4,370.00  From the Bowers and Merena sale of the Stanislaw Herstal Collection, February 1974, Lot 7

PCGS AU-58.  Bowers and Merena Galleries' Robert W. Schwan Collection Sale, October 26-27, 2000, Lot 2437 at $1,495.00

AU-55.  Bowers and Merena Galleries, "The Harry W. Bass, Jr. Collection, Part IV Sale", November 20-21, 2000, Lot 628, not illustrated, sold for $529.00  Purchased from Paramount's sale of February 1971, Lot 1088

Sharpness of AU-50 but a seawater coin.  Ira & Larry Goldberg Coins & Collectibles, Inc.'s "Benson Collection, Part I", February 16, 18-20, 2001, Lot 4073, not illustrated, sold for $276.00  This coin was probably recovered from a shipwreck.  The surfaces are etched by long exposure to active currents

ANACS Net-EF-40.  Ira & Larry Goldberg Coins & Collectibles, Inc.'s "The California Sale", October 2-3, 2000, Lot 1033, "AU Details, rim filed-scratched" at $322.00

VF-30.  Bowers and Merena Galleries' Robert W. Schwan Collection Sale, October 26-27, 2000, Lot 2438 at $316.25

Sources and/or recommended reading:
"The PCGS Population Report, July 2004" by The Professional Coin Grading Service

"The NGC Census Report", August 13, 2004, www.ngcoin.com

"Walter Breen's Complete Encyclopedia of U.S. and Colonial Coins" by Walter Breen, page 550