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Lot
1511

1805 $2 1/2 AU55 PCGS. CAC (Gold Sticker)....

2009 December Houston, TX US Coin Auction #1132

 
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Auction Ended On: Dec 4, 2009
Item Activity: 10 Internet/mail/phone bidders
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Location: George R. Brown Convention Center
1001 Avenida de las Americas
Houston, TX 77010
Description:
Amazing 1805 Quarter Eagle, BD-1, AU55
1805 $2 1/2 AU55 PCGS. CAC (Gold Sticker). Breen 6121, BD-1, R-4. From a tiny estimated mintage of 1,781 pieces, the 1805 Capped Bust Right quarter eagle is a rare coin in all grades today. In Early U.S. Gold Coin Varieties, John Dannreuther estimates a surviving population of 100 to 150 pieces, with most examples seen in the XF to AU levels. The date has been a favorite of early gold specialists since the earliest days of the hobby, and the issue appears in many auction catalogs of the 1860s. Henry Chapman describes a coin that sounds quite similar to the present example in the George Earle Collection (Henry Chapman, 6/1912), lot 2503:

"1805 Extremely fine. Slight planchet file marks show in center of reverse. Mint lustre. Sharp, even impression."


The present coin has extraordinary luster and vibrant color for an early gold issue. The resulting eye appeal is greater than one would expect on a coin with a higher technical grade. Much like the coin in the Earle Collection, the present specimen is sharply struck for an early gold coin. Only a touch of softness is seen on the central details, and just the slightest wear is discernable on the high points. A few horizontal adjustment marks show on the center of the reverse. The lustrous surfaces are covered by a deep, even reddish patina. The extraordinary quality and intense visual appeal are confirmed by the gold CAC sticker. Population: 8 in 55, 18 finer (10/09).(Registry values: P6) (NGC ID# 25F9, PCGS# 7653)

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