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Lot 2427 |
1838-C $2 1/2 MS62 PCGS....
2009 February Long Beach, CA Signature US Coin Auction #1122
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Bid Information
For your convenience, the bid information on this page automatically refreshes with the most up to date data so you don't have to refresh/reload this page.Minimum Next Bid
Bid increments determine the lowest amount you may bid on a particular lot. Normally, bids must be at least one bidding increment over the Current Bid. However, podium, fax, phone and mail bidders submit bids at various times without knowing the current bid and must be on-increment or at a half increment (called a Cut Bid). Any podium, fax, phone, or mail bids that do not conform to a full or half increment will be rounded up or down to the nearest full or half increment.Internet bids are required only to bid the increment past the Current Bid, or more. Internet bids greater than one increment over the Current Bid can be any whole dollar amount.
It is possible under several circumstances for winning bids to be between increments. It is also possible for an existing bid to be outbid by less than a full increment, sometimes by only $1. This usually happens when two bidders feel that a lot is worth about the same amount, but one places an off-increment bid. Generally when this happens, the Current Bid was much lower than the high secret maximum bid when the off-increment bidder placed his bid.
For example: On Tuesday, you bid $1500 against Bidder A's Maximum Bid of $1000, raising Current Bid to $1100. Then on Thursday, Bidder B, seeing a Current Bid of $1100, guesses the final price and decides to bid $1501, outbidding your Maximum Bid by $1. You would now have to bid $1600 through Heritage Internet bidding or $1550 on Heritage Live (if available for the auction) to possibly win that lot. Next time, maybe you'll bid $1502 and outbid Bidder B by $1!
Number of Bidders
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Consignor Has Not Yet Submitted a Reserve:
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No Reserve:
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Reserve Not Met:
A reserve has been posted on this lot, but no bids have met the reserve. The current bid has been set to the reserve amount, and the next bid will meet the reserve.
Reserve Met:
Reserves have been posted for this auction, and there is a reserve on this lot that has already been met.
Minimum Bid:
Lots bearing bidding estimates shall open at Auctioneer's discretion (approximately 25% to 60% of the low estimate).
What's This?
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Our software allows offers and counter-offers, but we suggest making your best offer the first time as most owners will not respond to low offers at all. You will receive a response or no-response email from Heritage within 72 hours.
What's This?
The owner of this item has indicated that they would sell this item at the amount, although their acceptance of your offer is required before the item can be purchased.Our Auction Results Archives now allow our members to make anonymous offers on items that may not be auctioned again for some time. Please note that the winner of this Heritage auction lot may or may not still own this item and may or may not be willing to sell.
This Make Offer to Owner (MOTO) program is still in the Beta Test phase, and we would appreciate any suggestions to help us improve our system. Please email your suggestions to Webmaster@HA.com.
Heritage retains 10% of the total price as its commission (compared with a 12%-25% Buyer's Premium charged on auction transactions), from which Heritage absorbs all credit card/PayPal costs. This service is free to the buyer (no Buyer's Premium), includes a 7 day return policy, and protects the identity of both parties. Because no Buyer's Premium is charged on Make Offer to Owner transactions, auction consignment discount coupons are invalid.
Our software allows offers and counter-offers, but we suggest making your best offer the first time as most owners will not respond to low offers at all. You will receive a response or no-response email from Heritage within 72 hours.
BP - Buyer's Premium
A Buyer's Premium will be added to each successful bid. For this sale: 15% of the successful bid (minimum $9) per lot. Please see #2 in our Terms & Conditions.Not Sold
This indicates an item that did not sell at auction because it did not receive bids equal to or greater than the reserve (minimum bid) amount set by the consignor, or the opening bid.Opening Bid
The opening bid is the minimum amount required to begin bidding, and is generally a percentage of the low estimate.
| Sold for: |
$32,200.00
(includes BP  ) Bid Source: Live: Floor |
| Auction Ended On: | Feb 6, 2009 |
| Item Activity: |
8 Internet/mail/phone bidders
4,775 page views |
Description:
Mid-Condition Census 1838-C Quarter Eagle, MS62
Obverse Mintmark Subtype, Rare in Mint State
1838-C $2 1/2 MS62 PCGS. Ex: Dingler. Variety 1-A. Less than half as many quarter eagles were struck in Charlotte in 1838 as in 1839, a fact that only adds to the already considerable allure of this issue. The first year of issue of the Classic Head design at any branch Mint, and one of only two years for the Obverse Mintmark subtype--which also comprises, of course, the Dahlonega and New Orleans issues--the 1838-C quarter eagle is in continuous demand from numerous segments of the numismatic market. Branch mint gold specialists, type coin collectors, and collectors of high-grade, conditionally rare gold pieces should all have an interest in the present piece. The tiny mintage was only 7,880 pieces, but fortunately a few nice examples appear to have been saved, as is common for first-year issues. PCGS has certified two examples including this piece in MS62, with two pieces finer, one each in MS63 and MS64. NGC has certified three examples each in MS62 and MS63. Barring duplications, it appears that Winter's 1998 estimate of only seven or eight Mint State coins in existence is today not far off the mark.
In MS62 this piece is solidly in the mid-Condition Census for the issue. Winter provides an estimate of 80-90 pieces surviving in all grades, and specifically concerning this piece comments that it is "very choice for the grade." The mintmark is widely recut, and several stars show repunching. Both sides have bold central details with slight peripheral weakness. Both sides are fully lustrous with brilliant green-gold surfaces with splashes of darker patina. The surfaces have trivial abrasions and hairlines that prevent a higher grade.
Ex: Doug Winter and Lee Minshull (12/1996); Paul Dingler Collection. This piece is not from the Bareford Collection, a possibility suggested by Winter.
From The Grand Lake Collection.(Registry values: P3) (#7697)
View Entire Collection
View large image(s) of this item
Shipping Description: Coins & Currency (view shipping information)
The series of Classic Head quarter eagles issued from 1834 to 1839 includes 28 different individual die varieties. To date nothing has been published regarding each of the varieties. This guide provides identification and photos of the individual varieties with an of rarity for each variety.
Download the guide
Guides and Pricing Information:
Previous Prices from Heritage Auctions
| Lot | Date | Grade | Service | Realized |
|---|---|---|---|---|
| Auction 1139, Lot 2197 | Sunday, May 2, 2010 | 62 | PCGS | $23,001.15 |
| Auction 454, Lot 3080 | Saturday, January 12, 2008 | 62 | PCGS | $40,250.00 |
| Auction 334, Lot 7130 | Friday, November 7, 2003 | 62 | NGC | $20,700.00 |
| Auction 181, Lot 7523 | Saturday, January 10, 1998 | 62 | NGC | $21,850.00 |
| View prices realized from this item in other grades (you must be signed in) | ||||
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PLEASE NOTE:
All prices realized reflect the final hammer price PLUS the buyer's premium
in auctions that charge a buyer's premium.
Each item has a notation at the top of the listing indicating whether that lot included a buyer's premium.
All information listed is intended to be as accurate as possible, but errors are possible.
Please use this guide carefully and inform us of any inaccuracies.
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BP - Buyer's Premium
A "Buyer's Premium" is charged in addition to the successful bid according to the rate defined in our terms and conditions.Price Guide*
| Grade | Coin World (Coin Values) |
Numismedia Retail |
Numismedia Wholesale |
Numismedia NGC (nmn) |
Numismedia PCGS (nmp) |
PCGS Price Guide |
PCGS+ |
|---|---|---|---|---|---|---|---|
| 61 | --- | $29,690 | $23,750 | $21,350 | $21,750 | $29,000 | --- |
| 62 | $33,500 | $34,690 | $27,750 | $25,250 | $25,750 | $34,500 | $37,500 |
| 63 | $55,000 | $48,130 | $38,500 | $35,000 | $35,500 | $52,000 | $56,000 |
| *All information listed is intended to be as accurate as possible, but errors are possible. No item may be returned or refused based on this information which is provided as a service to our customers. You should contact each pricing source directly to determine the accuracy of this information. | |||||||
Population Guide
| Service | Grade | Population in this Grade | Population of Higher Grade | Population in All Grades | + | Mintage | Engraver |
|---|---|---|---|---|---|---|---|
| PCGS | Not available from PCGS | 7,880 | William Kneass | ||||
| NGC | 62 | 3 | 3 | 67 | - | ||
| CAC | 62 | 1 | 1 | 6 | - | ||
| *This information is provided and owned by PCGS. Its display and use are subject to the licensed agreement between PCGS and Heritage Auctions. | |||||||
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We changed the way we image slabbed coins on February 1, 2010, in order to get a more accurate image of the coin. To get the sharper details and more accurate colors we have focused the lighting on the actual coin, which has caused the top of the holders to appear darker and milky. Please disregard the color of the holders when examining the images.
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