New Orleans was one of America's largest seaports before the Civil War, an important entry point for gold and silver bullion from around the world.
The New Orleans Mint produced a total of just 51,000 ten-dollar pieces for 1853, a figure which was destined to make this a scarce issue in all grades.
Evidently, no Mint State examples of the 1853-O Eagle have survived. This attractive specimen is thus one of the better pieces available. It also features distinct repunching of numerals 853, though it doesn't exactly match any of the varieties listed in Walter Breens monograph on this series. Well struck for an O Mint gold piece, this fine coin from the famed John J. Pittman Collection retains much of its luster within the protected areas. Its surfaces are also free of any significant marks, adding to its appeal.
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