Paul Hollis Brings $2.5 Million 1844-O Proof $10 Home

Paul Hollis Brings $2.5 Million 1844-O Proof $10 Home

(New Orleans, Louisiana) - The 1844-O proof Eagle, a one-of-a-kind gold coin struck at the New Orleans Mint 164 years ago, has returned "home" to the Louisiana State Museum - Old U.S. Mint with the help of New Orleans coin dealer, Paul Hollis. The unique, $10 denomination gold piece apparently was specially struck as a presentation piece, and over the decades it's been in the famous coin collections of a former U.S. Treasury Secretary and an early 20th century Chicago beer baron.

It is certified by Numismatic Guaranty Corporation as Proof-65 Ultra Cameo, and now insured for $2.5 million for an upcoming exhibition.

"This coin is certainly among the most important Southern gold coins ever struck, combining rarity, beauty, technical quality and a fascinating story," said Mark Salzberg, NGC Chairman.

The coin will be publicly displayed at the Louisiana State Museum's Old U.S. Mint, 400 Esplanade Ave., New Orleans, beginning when the museum re-opens November 1, according to Greg Lambousy, Louisiana State Museum Director of Collections.

This first-ever public exhibit in Louisiana was arranged by Hollis and the anonymous Florida collector who has quietly owned the historic gold piece since acquiring it in 2006. Hollis personally carried the valuable coin from Florida to Louisiana, clutching it in his hands during the entire journey.

In a pre-arranged, secret rendezvous, he was met at Louis Armstrong International airport in New Orleans on September 23 by a state police escort for the trip to the museum where he presented the unique gold piece to officials there.

"I had goose bumps when the plane landed in New Orleans and I realized the coin I was holding in my hands was home in Louisiana for the first time in over a century and a half. I got goose bumps again when we arrived at the Old U.S. Mint. I've been trying to get this coin back to New Orleans for the past six years when it was owned by someone else," said Hollis.

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