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Lot
4742

1839/8-C $2 1/2 MS62 PCGS Secure. Breen-6149, Variety 23, R.3....

2012 January 4-8 US Coins & Platinum Night FUN Signature Auction- Orlando #1166

 
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Auction Ended On: Jan 5, 2012
Item Activity: 8 Internet/mail/phone bidders
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Location: Orange County Convention Center
North/South Building
9899 Universal Blvd.
Hall SB - South Building
Orlando, FL 32819

Description:
1839/8-C Quarter Eagle, MS62
Variety 23, Former Winter Plate Coin
Fourth Finest Known
1839/8-C $2 1/2 MS62 PCGS Secure. Breen-6149, Variety 23, R.3. Ex: Dingler. This is the so-called "overdate" variety, although its status as an overdate has now been discredited. The 2012 Guide Book notes, "So-called 9 over 8 varieties for P, C, and D mints are made from defective punches."
This 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. The reverse, the 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.
While common in circulated grades (by the standards of Charlotte quarter eagles), the 1839-C is very rare in properly graded Uncirculated. In fact, it is rarer than the heralded 1838-C in Mint State. There are an estimated five to ten known in Uncirculated and the best we are aware of is an NGC MS63 that was sold as lot 6137 in our February 1999 auction. This coin is listed as the fourth finest known in Winter's Condition Census listing and it is the single finest graded at PCGS.
Ex: Elrod Collection; Doug Winter-Lee Minshull; Paul Dingler Collection, formerly graded MS62 PCGS; Central States Signature (Heritage, 4/2009), lot 2675, where it brought $32,200.
From The Cherokee County Collection.(Registry values: P5) (NGC ID# 25G4, PCGS# 7699)

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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.

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