The 1856-O Coronet Head Gold $20 Double Eagle is a highly significant coin in American numismatics, primarily due to its minting location and historical context.
The Coronet Head design, also known as the Liberty Head design, was created by James B. Longacre and was used on various denominations of U.S. coins during the mid-19th century.
On the obverse (front) of the coin, Lady Liberty is depicted wearing a coronet inscribed with the word "LIBERTY," while the reverse (back) features a heraldic eagle with outstretched wings, clutching arrows and an olive branch, with a shield at its breast.
The 1856-O Double Eagle holds historical significance as one of the earliest years of production for this denomination at the New Orleans Mint.
The New Orleans Mint played a crucial role in the production of U.S. coinage, particularly in the South, and its output had a significant impact on commerce and trade during the 19th century.
Furthermore, the 1856-O Double Eagle is notable for its relatively low mintage compared to later years, adding to its desirability among collectors.
While the exact mintage figures can vary depending on the source, surviving examples of this coin are sought after by numismatists due to their scarcity and historical importance.
As with any coin, the value of the 1856-O Coronet Head Gold $20 Double Eagle depends on factors such as its condition, rarity, and demand among collectors. Examples in better condition or with unique characteristics may command higher prices at auction or in the numismatic market.
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