Coin Specifications

Category: Liberty Head $20 (1850-1907)
Mint: New Orleans
Mintage: 190,000
Catalog: KM-74.1
Composition: Gold
Fineness: 0.9000
Weight: 33.4360g
AGW: 0.9675oz
Melt Value: $1023.13 (11/28/2015)
Diameter: 34mm
Numismatic specification data provided by Krause Publications NumisMaster.
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1852 O $20 MS obverse 1852 O $20 MS reverse

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There are no NGC varieties for this coin.

Description & Analysis

A generous mintage of 190,000 Liberty Head double eagles was achieved at the New Orleans Mint in 1852, due to the influx of gold from the California gold fields. The New Orleans facility benefited immensely from the flow of Western gold in the years before the establishment of the San Francisco Mint. Treasury records indicate more than $4.5 million in gold bullion was received from California for coining purposes in 1850, and the flood continued through 1853. At least $2 million worth of the precious metal was received every year until 1854--when the San Francisco Mint opened--and New Orleans gold deposits dropped to a trickle. Production totals followed suit, and the mintage of O-mint double eagles after 1853 was never more than a fraction of the totals accomplished in the earlier years.

The importance of New Orleans as a center of far-reaching commerce before the Civil War can be demonstrated by the distribution of New Orleans double eagles. While gold coins of the other Southern mints tended to circulate in the regional economy, New Orleans issues have been discovered at all points of the compass. Two 1852-O double eagles were found in the Baltimore Hoard in 1934, along with many other New Orleans gold coins. A total of 20 examples of the 1852-O were recovered from the wreck of the S.S. Republic, and the date has been found in European holdings down to the present day. Last summer the discovery of another New Orleans double eagle, the Bullock specimen of the 1856-O, captured the imagination of the numismatic community when it surfaced in a safe deposit box in Ohio, suggesting that New Orleans coins were used in the Mississippi-Ohio River traffic. The O-mint coins were clearly important as a medium of exchange in a wide variety of locations.

Archives research indicates that six obverse and four reverse dies were shipped to the New Orleans Mint for use in 1852, but further study shows that some reverse dies were still on hand, left over from 1851. Despite some positional differences in the placement of mintmarks and dates, Winter is only aware of a single variety for this date. The date is small and positioned centrally between the denticles and the truncation of the bust. The 5 in the date is closed, with the ball nearly touching the bottom point of the upper loop, and the upright is slanted in an italic fashion. Winter notes the reverse die is the same as the die used for the 1851-O emission, with the mintmark high in the field, centered over the N in TWENTY. On the 1852-O reverse, the A in STATES has been patched.

Because of its substantial mintage, the 1852-O is one of the more available Type One double eagles from the New Orleans Mint. Winter estimates a surviving population of 900-1100 pieces in all grades. Most examples seen are in lower circulated grades, and the issue becomes scarce in AU55 and quite rare in Mint State. Due to the availability of the 1852-O in AU, the date is always in demand from mintmark type collectors, seeking a high grade example for their collections.

Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.


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Price Guide

Last Updated: 11/6/2015

Click on a price to see historical prices, comparison charts and trends.

1852 O $20 MS
Base $ 1950 2000 2150 2600 4800 7750 10750 17750 26000 45000 75000 130000 - 360000 - - - - -
$ - - 12750 20000 - - - - - - - - -

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Total Graded: 577
Low Grade: F
Average Grade: 50
High Grade: 65

Upcoming Auctions

A random selection of NGC coins is shown below.

Auction House
Sale / Lot
12/6/2015 AU 55   Heritage Auctions 2015 December 3 - 6 Houston Money Show US Coins Signature Auction - Houston Session(1), 1227/Lot# 3403

Auction Prices Realized

A random selection of coins is shown below.

Auction House
Sale / Lot
5/31/2001 NGC MS 60   Heritage Auctions 2001 June Long Beach Signature Sale #263, 263/Lot# 9178 $9,200.00
8/18/2004 NGC AU 55   Teletrade Auction 1924, 1924/Lot# 1876 $6,820.00
2/14/2007 PCGS XF 45   Heritage Auctions 2007 Long Beach, CA Signature Coin Auction #430, 430/Lot# 4864 $2,990.00
5/29/2011 NGC AU 53   Goldberg May 29 - June 1, 2011 The Pre-Long Beach Auction of US, World Coins and Currency, 63/Lot# 1691 $6,440.00
3/9/2014 NGC AU 55   Heritage Auctions Internet Coin Auction Session(2), 131411/Lot# 20880 $12,043.75
7/6/2014 PCGS   GreatCollections GreatCollections Coin Auctions 07/06/2014, 199/Lot# 206375 $3,850.00
10/31/2014 PCGS XF 45   Stack's Bowers November Baltimore 2014, 6039/Lot# 5458 $4,112.50

NGC Registry

NGC Registry Score 1852 O $20 MS
Registry Image Gallery
Grade: XF 45
Points: 4217
Owner: JTO
Grade: XF 40
Points: 3712
Owner: Grandman
View the Registry Image Gallery

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