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Lot
10315

1842-O $2 1/2 MS61 NGC. The 1842-O began with a modest mintage of only 19,800 pieces, lowest among quarter eagles from the ...

2005 July San Francisco, CA (ANA) Signature Auction #382

 
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Auction Ended On: Jul 28, 2005
Item Activity: 3 Internet/mail/phone bidders
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Location: San Francisco, CA
Description:
Rare, Low Mintage 1842-O Quarter Eagle MS61 NGC
1842-O $2 1/2 MS61 NGC. The 1842-O began with a modest mintage of only 19,800 pieces, lowest among quarter eagles from the New Orleans Mint. Only 65-70 coins are believed extant in all grades, the '42-O ranking second in overall rarity among O-mint quarter eagles, second only to the 1845-O. The '42-O is also a significant condition rarity, and Winter (1992) states that "the great majority of extant 1842-O Quarter Eagles grade Very Fine." Over the past several years a number of previously unrecorded Mint State coins have been certified, with a total of 22 pieces certified today in MS60-64 grades. Of course, this figure is somewhat inflated by inevitable resubmissions, so the actual number of Uncirculated pieces is probably more on the order of 12-14 coins. This example is tied with several others at the lower end of the Condition Census. The 1842-O is a notoriously weakly struck issue, and this piece also shows soft details on most of the obverse stars, Liberty's hair, and the eagle's left (facing) leg. The surfaces are golden-orange in color with soft, satin-like mint luster. The only mark of note (for pedigree purposes) is a short, angling nick in the field below the O in OF on reverse. An impressive example of this widely recognized O-mint rarity. Population: 4 in 61, 6 finer (6/05).(#7726)(Registry values: P2) (NGC ID# 25GK, PCGS# 7726)

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