The 1856-O Coronet Head Gold $20 Double Eagle is a significant coin in American numismatics, struck at the New Orleans Mint during the mid-19th century.
Designed by James B. Longacre, the Coronet Head Double Eagle features Liberty facing left on the obverse, wearing a coronet inscribed with the word "LIBERTY."
The reverse depicts a heraldic eagle with a shield on its breast, holding arrows and an olive branch in its talons, surrounded by the inscriptions "UNITED STATES OF AMERICA" and "TWENTY D."
The 1856-O Double Eagle holds historical significance as one of the early issues of the $20 gold denomination struck at the New Orleans Mint.
Established in 1838 to serve the booming economy of the Southern United States, the New Orleans Mint played a crucial role in minting gold and silver coins for circulation.
While the 1856-O Coronet Head Double Eagle is not as scarce as some other dates in the series, it is still highly sought after by collectors due to its historical significance and the allure of coins minted in New Orleans.
The survival rate of these coins in higher grades of preservation is relatively low, adding to their desirability among numismatists.
As with any rare 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.