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Lot
7840

1846-O $2 1/2

1999 ANA Signature Sale #208

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Auction Ended On: Aug 13, 1999
Item Activity: 1 Internet/mail/phone bidders
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Location: Chicago, IL
Description:
Mint State 1846-O Quarter Eagle
1846-O MS 60 PCGS. Very frosty with attractive, rich original golden coloration. Unfortunately, the strike is quite weak, as is often the case on examples of this date. This is a very difficult coin to accurately grade. It has full luster and surfaces that are suggestive of a solid MS 62, but it has clearly been net graded by PCGS due to the aforementioned weakness of strike. At any rate, it is far above average for the issue and among the finest known.
A dozen or so Uncirculated 1846-O quarter eagles are known. The finest of these is Pittman: 1734 which realized an incredible $132,000 and is now owned by a prominent Georgia collector.
The owner of the Acadiana Collection claims that this coin is an "1846/3" overdate, but we believe that the digits merely show damage and/or rust, as on quarter eagles from all the mints that produced them during 1846. The right side of the mintmark is past the fraction bar and the arrow feathers enter the mintmark. This variety is often seen with very weak strikes.
From the Ronald W. Brown Acadiana Collection. (NGC ID# 25H4, PCGS# 7743)

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