The New Orleans Eagle Market is Sizzling

The New Orleans Eagle Market is Sizzling

The recent Stacks Bowers Baltimore auction contained a group of comparatively high grade New Orleans eagles which contained a few very important pieces. While admittedly a small sample size (just seven coins), the prices realized were all very strong. This leads me to conclude that this area of the market has become very strong. Let’s look at and analyze each coin.

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No Motto New Orleans Eagles: A Study of Condition Rarity

No Motto New Orleans Eagles: A Study of Condition Rarity

The No Motto type of Liberty Head eagle was produced at the New Orleans mint from 1841 through 1860. By using CAC population figures, we can get an idea of which dates display condition or appearance rarity. CAC is a service which is rewards good eye appeal, unlike the grading services which are grading more from a technical standpoint.

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High-Grade No Motto New Orleans Eagles: An Analysis

High-Grade No Motto New Orleans Eagles: An Analysis

All No Motto eagles are very rare in MS64 and higher grades. Even the common Philadelphia issues which exist by the thousands in circulated and low-end Uncirculated grades are all but unknown in high grades. This is due to a combination of factors: mishandling, use in commerce, melting(s), and lack of collector interest until well into the 20th century.

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