With a mintage of just 12,000 coins, the 1847-O Liberty Half Eagle is the rarest issue of the series struck at the New Orleans Mint. It also ranks as one of the most elusive coins amongst all “no motto” half eagles.
The total number of coins known includes only a single uncirculated example, indicating the high attrition these coins experienced in circulation shortly after being struck. It is estimated that only 50 to 60 examples of the coin exist. Auction appearances for the issue are seldom with most pieces graded Very Fine.
Despite the rarity of this issue, it is interesting to note that prices have remained relatively stable and perhaps below true value. This may be due to the fact that there are fewer collectors who specialize in coins from the New Orleans Mint than those who specialized in either the Charlotte or Dahlonega branch mints.