1858-C $2 1/2 MS62 NGC....

Description

Select Quality 1858-C Quarter Eagle

1858-C $2 1/2 MS62 NGC. At one time this issue was considered an extreme rarity in Mint State. When David Akers prepared his auction survey of quarter eagles about a quarter century ago, he was only able to find six auction records of Mint State coins and another three for AU coins. These nine sales were held in 1944, 1947, 1948, 1950, 1963, 1964, 1968, 1973, and 1974. That equates to one AU or finer example available at auction only every three-plus years. Today, our firm alone has offered an AU or better example for sale 40 times in the last dozen years, or three-plus coins every year. Doug Winter noted that this issue "is the most common Charlotte quarter eagle struck during the 1850's. Its level of rarity has changed significantly in the past decade. It seems probable that a hoard entered the market as higher grade 1858-C quarter eagles are far more available than they were ten or so years ago. The point of this discussion is simple: if you are a date or type collector, the present example is an important coin for you to consider. Even after the expansion of high-grade population, only about six to eight Mint State examples are known. This lovely specimen is quite sharply struck with only slight weakness on the eagle's right leg and left claw. The surfaces have intermingled frosty and satiny surfaces with brilliant light yellow-gold luster.
From a North Carolina Collection.(#7787) (Registry values: P2)

Coin Index Numbers: (NGC ID# 25JH, PCGS# 7787, GSID# 8385)

Metal: 90% Gold, 10% Copper
Weight: 4.18 grams
AGW: 0.13oz
Mintage: 9,056

Note for clients in the European Union: This lot is considered by the European Union to be “investment gold”. We believe that it meets the criteria established in Article 344(1), point (2) of Council Directive 2006/112/EC and thus should be exempt from import VAT regardless of the selling price. Any questions or concerns about VAT should be addressed to your accountant or local tax authority.

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