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Lot
2432

1839/8-C $2 1/2 MS62 PCGS....

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

 
Sold for: $32,200.00 (includes BP )
Bid Source: Internet
Auction Ended On: Feb 6, 2009
Item Activity: 8 Internet/mail/phone bidders
4,601 page views

Description:

High Condition Census '1839/8-C' Quarter Eagle, MS62
Ex: Elrod, Dingler

1839/8-C $2 1/2 MS62 PCGS. Ex: Dingler. McCloskey-B, Breen-6149, R.4. This is the so-called "overdate" variety, although its status as an overdate has now been discredited. The 2009 Guide Book notes, "So-called 9 Over 8 varieties for P, C, and D mints are made from defective punches." Winter, while making note of the two major varieties and going to some detail to distinguish between them, nonetheless says that "they are not generally collected as separate issues although, in my opinion, they should be."
The present piece, formerly from the Paul Dingler Collection, is the plate coin used in the Winter 1998 reference for the 1839/8 variety. The issue is sought after not only due to its variety status, but also because of its position as a two-year branch mint subtype in the Classic Head series. Because of the confusion surrounding the "overdate" versus those pieces found with a recut date, the certified population data must be viewed with more grains of salt than usual. Nonetheless, the issue regardless of variety is extremely rare in Mint State, with Winter estimates that perhaps five examples exist. PCGS has graded two 1839-C in MS62 (including the present piece) and one certified "1839/8-C" as MS62, with none finer (12/08). NGC has certified two examples of the 1839-C in MS62 and one in MS63, unspecified as to variety. The reverse, same as used on the 1838 C-mint quarter eagles, shows extensive die cracks.
The central obverse is quite sharp on the present piece, save for minor softness on the hair curls about the ear. The rest of Liberty is quite well-detailed, although most of the peripheral stars lack central details. The two mint-made defects, one on the cheek and one behind the eye, must not be mistaken for poststrike damage. The reverse is also sharp, with undistracting weakness on the left (facing) upper wing and shield border. UNITED shows doubling, and raised die lines appear there.
Ex: Elrod Collection; Doug Winter-Lee Minshull; Paul Dingler Collection. Formerly graded MS61 PCGS.
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 2431 Sunday, February 8, 2009 62 NGC $32,200.00
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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, 1839/8-C $2 1/2 MS62 PCGS....

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