1845-D $2 1/2 MS63 NGC....
Census Level 1845-D Quarter Eagle, MS631845-D $2 1/2 MS63 NGC. Variety 6-I. Although the mintages are similar, the 1845-D quarter eagle in all Mint State grades is much more elusive than the 1844-D. Garrett and Guth write that "until a few years ago, just a couple were thought to be known in Mint State." As of (12/08) NGC has certified two pieces in MS60, three in MS61, and one each in MS62, MS63 (this piece), and MS64. Although there is some likely duplication, there are seven Mint State examples at PCGS--two MS61s, four MS62s, and a single MS63--placing this coin in a second place tie in the Condition Census.
Doug Winter's 2003 second edition of his Dahlonega reference shows a single MS63 PCGS coin as the finest in his census, followed by a PCGS MS62. Only two other lower Mint State coins made his lineup, followed by several AU58 coins. Although the NGC and PCGS population data show several other Mint State coins, such pieces are truly rare indeed.
The present piece is far finer than the typical 1845-D, coins that Winter describes as having subdued, grainy luster and poor eye appeal. Bright luster exudes from the yellow-gold surfaces of this Select example, and a sharp strike manifests itself in strong delineation on the design features, save for the typical softness on the curl over Liberty's ear and on the eagle's legs. Although a few minuscule marks limit the grade, this example offers exceptional eye appeal. Census: 1 in 63, 1 finer (12/08).
From The Grand Lake Collection.(Registry values: P2) (NGC ID# 25GX, PCGS# 7738)
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