Rare gold coin to be on display at old mint
Arizona Coin Collector
I would love to see this coin. Does anyone know were you
can view and image of this coin?
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FROM:
http://www.katc.com/Global/story.asp?S=9165853
Rare gold coin to be on display at old mint
NEW ORLEANS -- Talk about an investment in gold. This one is
insured for $2.5 million, although it contains only a
half-ounce of the precious metal.
It's an extremely rare 1844 proof $10 gold coin struck at the
U.S. Mint in New Orleans as a presentation piece for President
James Polk. Collectors believe it is one-of-a-kind.
Now the property of an anonymous Florida collector, the coin,
known as an Eagle, has been brought back to New Orleans to be
put on display at the Old U.S. Mint when the museum reopens
on Nov. 1 after a brief closure to install exhibits.
New Orleans coin dealer Paul Hollis made arrangements to have
the coin displayed in the city of its origin.
"You will never get another one," Hollis said.
Like many rare coins, the exact history of how this Eagle
was passed around is cloudy. Struck on specially prepared,
highly polished dies, presentation proofs were given during
the 1800s to various VIPs such as dignitaries and heads of
state. Well-connected collectors also managed to get a few.
Most were prepared at the Philadelphia mint, while few came
out of branch mints such as New Orleans, which operated from
1838 to 1909. The distinctive "O" mint mark on the reverse
under a heraldic eagle motif identifies the coin as of New
Orleans origin.
During its operation, the New Orleans mint produced a wide
range of silver and gold coins, including the king of
circulating U.S. gold coins, the $20 Double Eagle.
The New Orleans mint was one of three in the South. The
others were in Charlotte, N.C., and Dahlonega, Ga. Of the
three, only the New Orleans mint reopened after the Civil War.
Hollis said the New Orleans-produced 1844 Eagle surfaced at
a sale in the early 1900s and records indicate it may have
traded for as little as $11. It was later owned by U.S.
Treasury Secretary William Woodin, who served under
President Franklin Roosevelt and played a key role in the
United States seizing gold and gold coins in 1933 as the
country abandoned the international gold standard.
It also was Woodin who cut an exception to the seizure
for rare gold coins.
Hollis puts a ballpark value on the Eagle at $2 million
to $2.7 million. The owner has insured it for $2.5 million.
"It certainly is a seven-figure item," said Scott
Schechter of Sarasota, Fla.-based Numismatic Guaranty
Corp., who certified the coin's authenticity.
Hollis said he carried the coin in his hands on a flight
from Florida to New Orleans, where security officers
accompanied both to the Eagle's new home at the mint.
The mint was closed for about two years after Hurricane
Katrina struck in 2005 and reopened in October 2007
after a $5 million renovation. In addition to exhibits
dedicated to the building's time as a mint, the museum
also includes archived maps and documents dating back
to Louisiana's days as a French and Spanish possession.
The museum's jazz collection, including sheet music,
photographs, records, manuscripts and instruments from
some of the city's earliest jazz musicians, is being
overhauled and is expected to return to the mint in 2010.
...
1787
http://www.coinfacts.com/eagles/liberty_no_motto_eagles/1844o_eagle.htm
If you read the "Significant Examples" section on that page you will see
that there is one "PCGS Proof-64" originally from the Parmalee collection
(pictured in the link). There is also mention of the "Newcomer specimen
which was only very fine". There would seem to be at least two extant.
One cannot tell if this "NGC authentic" specimen is the cracked-out PCGS
Parmalee coin or the Newcomer coin. The coinfacts.com write-up seems to
indicate that the Parmalee coin had William Woodin in the provenance.
W.
Half...@aol.com
the Associated Press and various hobby/trade media. Note: This link,
as with most other AP stories and photos, may only be available for a
few weeks because of copyright restrictions.
http://news.yahoo.com/nphotos/slideshow/photo//081012/480/f6b3a440e6154f46a01e2d18b8c43c64/
There is only one known 1844-O proof $10 and only one known 1844-O
proof $5. Paul may make an announcement soon regarding efforts to at
least temporarily reunite the two coins at the Old U.S. Mint museum in
New Orleans.
-donn-
Charles Cooper
news:a6149ef3-ccec-4655...@v56g2000hsf.googlegroups.com...
> There is only one known 1844-O proof $10 and only one known 1844-O
> proof $5. Paul may make an announcement soon regarding efforts to at
> least temporarily reunite the two coins at the Old <U.S. Mint museum in
New Orleans.
Has it been slabbed in a "cleaned" holder yet?
What would it sell for if auctioned raw?
Arizona Coin Collector
NEW ORLEANS -- Talk about an investment in gold. This one is
insured for $2.5 million, although it contains only a
half-ounce of the precious metal.
"Charles Cooper" <cco...@udoit.org> wrote in message
news:q_WdnXbsTPUcy27V...@bright.net...
Arizona Coin Collector
Hello
If you go to the newsgroup "alt.binaries.pictures.numismatic"
you will see the photo from YAHOO IMAGES of the 2.5 Million
Dollar New Orleans Proof Coin.
----- Original Message -----
From: "Arizona Coin Collector"
Newsgroups: alt.binaries.pictures.numismatic
Sent: Monday, October 13, 2008 3:45 PM
Subject: Image -- 2.5 Million Dollar New Orleans Proof Coin Displayed At Old
U.S. Mint
..
Arizona Coin Collector
Thank you for your posting below.
..
<Half...@aol.com> wrote in message
news:a6149ef3-ccec-4655...@v56g2000hsf.googlegroups.com...