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Lot: 1916
Auction: 1117  
1839-O $2 1/2 MS64 PCGS. CAC....
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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.
Ended: Oct 23, 2008
 
Buyer's Premium: 15% of the successful bid (minimum $9.00 per lot)
Description
Amazing 1839-O Quarter Eagle, MS64
The Only New Orleans Classic Head Gold Issue


1839-O $2 1/2 MS64 PCGS. CAC. On March 3, 1835, Congress passed "An Act to Establish Branches of the Mint of the United States." Section 1 of that Act authorized branches in New Orleans, Charlotte, and Dahlonega, and provided funds for property and facilities:

Be it enacted by the Senate and House of Representatives of the United States of America, in Congress assembled, That branches of the mint of the United States shall be established as follows: one branch at the city of New Orleans for the coinage of gold and silver; one branch at the town of Charlotte, in Mecklinburg county, in the state of North Carolina, for the coinage of gold only; and one branch at or near Dahlonega, in Lumpkin county, in the state of Georgia, also for the coinage of gold only. And for the purpose of purchasing sites, erecting suitable buildings, and completing the necessary combinations of machinery for the several branches aforesaid, the following sums, to be paid out of any money in the treasury not otherwise appropriated, shall be, and hereby are, appropriated: for the branch at New Orleans, the sum of two hundred thousand dollars; for the branch at Charlotte, fifty thousand dollars; for the branch at Dahlonega, fifty thousand dollars.

The Act also specified that officers would be appointed, outlined salaries, provided for an oath of office, specified that general direction of the branches would be maintained in Philadelphia, and extended all coinage laws to each of the branches.
Three years passed before the three facilities were completed and ready for coinage. In New Orleans, the first coins issued were half dimes and dimes each dated 1838. The 1838-O half dollars would follow. Quarter dollars and quarter eagles followed in 1839, half eagles in 1840, eagles in 1841, silver dollars in 1846, gold dollars in 1849, double eagles in 1850, a single three cent piece in 1851, and a single three dollar piece in 1854.
Two varieties of the 1839-O quarter eagles are known, and they are distinguished by a closely spaced fraction or a widely spaced fraction as on this example. The Wide Fraction coins are more plentiful, although both varieties are rare at this grade level. In fact, MS64 is the finest grade that either NGC or PCGS has ever certified. This frosty near-Gem is highly lustrous with sharp design features and exceptional surfaces. Population: 4 in 64, 0 finer (9/08).(Registry values: P3) (#7701)

Auction Name: 2008 October Dallas, TX Signature US Coin Auction #1117
Description: Heritage Numismatic Auctions offers U.S. and World coins, medals, and tokens in our Signature Auctions & Final Session Sales, held in conjunction with some of the largest numismatic conventions. These sales feature award-winning cataloging and photography. Call or e-mail one of our Consignment Directors to learn about selling through Heritage.
Auction Type: Signature: !! Heritage Live: After Internet bidding closes, live bidding will take place through www.HA.com/Live. Your secret maximum bid placed prior to the live event will compete against the live bids. To maximize your chances of winning, enter realistic secret maximum bids on our site. Many of our proxy bidders are successful at winning lots in these auctions, and usually below their secret maximum. You can also place last minute bids directly with us by e-mailing Bid@HA.com or calling 1-866-835-3243. (Important note: Due to software and Internet latency, live bids may not register in time, so enter realistic proxy bids.)

This lot is in:  Signature Floor Session (Live Floor, Live Phone, Mail, Fax, Internet, and Heritage Live) (lots 1-3154)
Internet bidding ends at 10:00PM CT the night before the floor session for this lot. During the live auction event, bidding in person is encouraged, and Heritage Live includes streaming audio and often video during the event.

Item Activity: 4 Internet/mail bidders, 416 page views



Previous Prices from Heritage Auctions
Lot Date Grade Service Realized
Auction 1122, Lot 2435 Sunday, February 8, 2009 64 PCGS $37,375.00
Auction 1114, Lot 1898 Sunday, August 3, 2008 64 PCGS $51,750.00
Auction 1129, Lot 1448 Sunday, September 13, 2009 64 NGC $28,750.00
Auction 1110, Lot 1809 Sunday, June 29, 2008 64 NGC $40,250.00
Auction 402, Lot 1590 Friday, April 7, 2006 64 NGC $34,500.00
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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. Example: A item that sells with a final hammer price of $100 and a 15% buyer's premium will display with a price realized of $115. 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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