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Lot
2431

1839-C $2 1/2 MS62 NGC....

2009 February Long Beach, CA Signature US Coin Auction #1122

 
Sold for: $32,200.00 (includes BP )
Bid Source: Live: Floor
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Auction Ended On: Feb 6, 2009
Item Activity: 8 Internet/mail/phone bidders
4,486 page views

Description:

1839-C Quarter Eagle, Recut 39, MS62
Ex: Dingler, High in the Condition Census

1839-C $2 1/2 MS62 NGC. Ex: Dingler. Recut 39, Variety 3-C, McCloskey-C, Breen-6150, R.3. Although due to the much larger mintage of 18,140 coins the 1839-C is more "common" than the 1838-C quarter eagle, it is still quite scarce and in demand from type collectors. Accordingly, the supply is under intense pressure. Nice examples always command considerable premiums whenever they appear on the market. Two obverse dies are known for the year, one with a defective 9 in the date (traditionally called an 1839/8 overdate) and one with a repunched 9 in the date. The "overdate" obverse die was used with two different reverses to create the 2-A and 2-B varieties in the Winter Gold Coins of the Charlotte Mint: 1838-1861, with the Repunched Date obverse, as here, used in a single die pairing.
On the 3-C variety, the 3 in the date was punched too low, then corrected. The mintmark is placed further to the left than on Obverse 2, centered above the digits 83. On the reverse the branch tip extends only to the upper left tip of the D in UNITED. The lowest arrowhead extends to the gap between the serifs of the last A in AMERICA.
Without specificity as to varieties, NGC has graded four in MS60, nine in MS61, two in MS62, and one in MS63. PCGS has certified only four Mint State examples: one in MS61 and two in MS62, plus a certified 1839/8 in MS62 (12/08). This MS62 NGC piece, after subtracting the certain duplications in the above data, is clearly in the upper end of the Condition Census for the issue.
Apricot-gold patina imbued with occasional splashes of grayish-green enriches both sides of the current offering. The strike is somewhat better than often seen on the issue; most of the star centrils are strong, as are Liberty's hair curls, except for the one above the ear. A few minute contacts scattered about result in occasional interruptions in the luster flow. All in all, this piece generates considerable eye appeal for the designated grade. Census: 2 in 62, 1 finer (12/08).
Ex: Gaskill Collection (New Netherlands 44th sale, 11/1956), lot 215; Stack's (6/1994), lot 567; Paul Dingler Collection, ex: MS61 PCGS. Winter plate coin (1998) for the variety.
From The Grand Lake Collection.(Registry values: P5) (#7699)

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Bidding Guidelines and Bid Increments

Classic Head Quarter Eagles Die Variety Guide

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 1166, Lot 4742 Sunday, January 8, 2012 62 PCGS $32,200.00
Auction 1124, Lot 2675 Sunday, May 3, 2009 62 PCGS $32,200.00
Auction 1122, Lot 2432 Sunday, February 8, 2009 62 PCGS $32,200.00
Auction 416, Lot 3118 Saturday, September 16, 2006 62 PCGS $40,250.00
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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.

Price Guide*

Grade Coin World
(Coin Values)
Numismedia
Retail
Numismedia
Wholesale
Numismedia
NGC (nmn)
Numismedia
PCGS (nmp)
PCGS
Price Guide
PCGS+
61 --- $26,250 $21,000 $19,000 $19,250 $30,000 ---
62 $35,000 $42,250 $32,500 $29,500 $29,500 $45,000 ---
63 $50,000 $58,500 $45,000 $40,000 $41,500 --- ---
*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 18,100 William Kneass
NGC 62 2 1 219 -
CAC 62 0 0 5 -
*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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Classic Quarter Eagles, 1839-C $2 1/2 MS62 NGC....

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