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Lot
4750

1846-C $2 1/2 MS63 PCGS Secure. Variety 1....

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: 7 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:
1846-C Quarter Eagle, MS63
Tied for Second Finest Graded
1846-C $2 1/2 MS63 PCGS Secure. Variety 1. Ex: Dingler. After a fire closed the Charlotte Mint in 1844, the facility reopened in 1846. The quarter eagle and half eagle from this year are both scarce, low-mintage issues, and the former holds the dubious honor of being among the most poorly produced issues from this mint. The present example shows this poor production with a sharp but irregular strike and numerous areas of mint-made granularity (this is probably due to the fact that the dies had been shipped to the Mint in 1844 and they rusted after sitting unattended until 1846). The surfaces have taken on a hazy orange-gold hue, but the underlying luster is clearly evident. A small, relatively fresh scratch on the cheek is not all that conspicuous; a few marks in the field are light and well-scattered.
Of the 4,808 pieces struck, it is believed that around 125 or so exist today in all grades. The 1846-C is the third rarest Charlotte quarter eagle in higher grades. Around six to eight coins exist in Uncirculated. The finest is ex: Bass II, lot 381, and it is graded MS64 by PCGS. The Cherokee County example is tied with one other coin (graded MS63 by NGC and Ex: Elrod) for second finest.
Ex: Paul Dingler Collection; Long Beach Signature (Heritage, 2/2009), lot 2470, where it brought $27,600.

From The Cherokee County Collection.(Registry values: P2) (NGC ID# 25H2, PCGS# 7741)

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