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Lot 2427 |
1838-C $2 1/2 MS62 PCGS....
Auction: 2009 February Long Beach, CA Signature US Coin Auction #1122
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| Sold for: | Sign-in or Join (free & quick) |
| Ended: | Feb 5, 2009 |
| Item Activity: |
8 Internet/mail/phone bidders
 2,167 page views |
Description:
Mid-Condition Census 1838-C Quarter Eagle, MS62
Obverse Mintmark Subtype, Rare in Mint State
1838-C $2 1/2 MS62 PCGS. Ex: Dingler. Variety 1-A. Less than half as many quarter eagles were struck in Charlotte in 1838 as in 1839, a fact that only adds to the already considerable allure of this issue. The first year of issue of the Classic Head design at any branch Mint, and one of only two years for the Obverse Mintmark subtype--which also comprises, of course, the Dahlonega and New Orleans issues--the 1838-C quarter eagle is in continuous demand from numerous segments of the numismatic market. Branch mint gold specialists, type coin collectors, and collectors of high-grade, conditionally rare gold pieces should all have an interest in the present piece. The tiny mintage was only 7,880 pieces, but fortunately a few nice examples appear to have been saved, as is common for first-year issues. PCGS has certified two examples including this piece in MS62, with two pieces finer, one each in MS63 and MS64. NGC has certified three examples each in MS62 and MS63. Barring duplications, it appears that Winter's 1998 estimate of only seven or eight Mint State coins in existence is today not far off the mark.
In MS62 this piece is solidly in the mid-Condition Census for the issue. Winter provides an estimate of 80-90 pieces surviving in all grades, and specifically concerning this piece comments that it is "very choice for the grade." The mintmark is widely recut, and several stars show repunching. Both sides have bold central details with slight peripheral weakness. Both sides are fully lustrous with brilliant green-gold surfaces with splashes of darker patina. The surfaces have trivial abrasions and hairlines that prevent a higher grade.
Ex: Doug Winter and Lee Minshull (12/1996); Paul Dingler Collection. This piece is not from the Bareford Collection, a possibility suggested by Winter.
From The Grand Lake Collection.(Registry values: P3) (#7697)
View Entire Collection
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Shipping Description: Coins & Currency (view shipping information)
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 estimate of rarity for each variety.
Download the guide
Guides and Pricing Information:
Previous Prices from Heritage Auctions
| Lot | Date | Grade | Service | Realized |
|---|---|---|---|---|
| Auction 454, Lot 3080 | Saturday, January 12, 2008 | 62 | PCGS | $40,250.00 |
| Auction 352, Lot 7135 | Saturday, August 21, 2004 | 62 | PCGS | $25,300.00 |
| Auction 334, Lot 7130 | Friday, November 7, 2003 | 62 | NGC | $20,700.00 |
| Auction 181, Lot 7523 | Saturday, January 10, 1998 | 62 | NGC | $21,850.00 |
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