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Lot
2468

1846 $2 1/2 MS62 PCGS. CAC....

2009 February Long Beach, CA Signature US Coin Auction #1122

Sold for: Not Sold
Auction Ended On: Feb 6, 2009
Item Activity: 2 Internet/mail/phone bidders
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Location:

Long Beach, CA

Description:
Condition Rarity 1846 Quarter Eagle, MS62
One of the Finest Examples Known
1846 $2 1/2 MS62 PCGS. CAC. The two-dozen Mint State 1846 quarter eagles reflected in the combined NGC and PCGS population data as of (1/09) clearly reflects resubmissions of the same coin, and experts believe that the actual number of Uncirculated survivors is about half of that amount. The finest extant representative is a solitary PCGS-certified MS63 coin. Closely following are six documented MS62 pieces: two coins at NGC--including this offering--and four specimens at PCGS. Even the finest 1846 two and a half in the Smithsonian Institution is estimated to grade at only the AU55 level. This issue is a true condition rarity.
The surfaces are bright, even yellow-gold and the fields show definite reflectivity, suggesting this may have been one of the first coins struck from this die pairing. This belief is further reinforced by the die striations seen in the fields on each side, a feature that undoubtedly was struck out of successive impressions from the dies. The striking details are strongly brought up also and there is only mild chatter in the obverse fields to account for the grade.(Registry values: P2) (NGC ID# 25GZ, PCGS# 7740)

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