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Lot
7862

1854-O $2 1/2

1999 ANA Signature Sale #208

 
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Auction Ended On: Aug 13, 1999
Item Activity: 2 Internet/mail/phone bidders Number of Bidders
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Description:
MS 63 1854-O Quarter Eagle: Tied For Highest Graded
1854-O MS 61 NGC. Struck from swollen dies with some bulging visible above the head of Liberty and on the corresponding area on the reverse. Despite this swelling, the detail is still above average for the issue. Nice, medium green-gold color can be seen on both sides and there are two splashes of coppery toning on the reverse, one next to the juncture of the eagle's neck and right (facing) wing surrounds a small planchet flaw. A prominent scratch from the chin out past star 2 serves as an immediate identifier.
The 1854-O is common in all grades up to and including AU 58. In Mint State, however, it is scarce and extremely underrated. There are approximately two dozen pieces known in mint condition with nearly all of these in the MS 60 to 61 grade range. The 1854-O quarter eagle becomes truly scarce in properly graded MS 62 and it is actually quite rare in MS 63. The Akers plate coin (Ex: Paramount 2/77: 588) appears to be the finest known; we have never personally seen a piece finer than MS 63, but would not be surprised if a few exist.
From the Ronald W. Brown Acadiana Collection of New Orleans Coinage. (NGC ID# 25J2, PCGS# 7772)

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