Welcome Sign-In | Join Now
Sold for Sign-in or Join (free & quick) includes Buyer's Premium (BP) 


Brilliant Near-Mint 1848 CAL. Quarter Eagle

1848 $2 1/2 CAL. AU58 NGC. The 1848 CAL. quarter eagle is always popular as a reminder of the historic, rough-and-tumble California Gold Rush era in the American West. Many collectors including the present cataloger (GH) consider this coin to be the United States' first commemorative coin, although it is not a coin with an entirely new design conceived specifically to commemorate a person or event. The CAL. stamped onto the dies to commemorate the first shipment of California gold to the U.S. Mint in Philadelphia appears to be, rather, an expedient, one calculated to both observe the event and yet produce coins from the new source of gold as quickly as possible. Since only 1,389 quarter eagles were manufactured, the issue far overshadows the 1848 (no CAL.) quarter eagle, also a low mintage issue that is (understandably, since the special nature of the CAL. pieces ensured that many more would be carefully preserved) far more elusive in Mint State--if hardly as popular and in demand.
The current combined NGC/PCGS population data suggest that the 1848 CAL. coins were indeed recognized early on as something special, as the average grade for certified pieces is in the range of AU55 to AU58. In AU55 both services combined have certified 10 coins, with 11 in AU58. There are 44 coins (or grading events) certified in Mint State, including three pieces in MS68! The current specimen offers brilliant orange-gold surfaces with much luster remaining. The well-struck example shows light evidence of a short stay in circulation, but no singular distractions. Census: 6 in 58, 21 finer (12/06).
From The Twin Hollows Collection.(Registry values: P2) (NGC ID# 25HA, PCGS# 7749)

View all of [The Twin Hollows Collection ]

Service and Handling Description: Coin/Currency (view shipping information)

Sales Tax information  | NGC Coin Grading Guarantee  |  Terms and Conditions

Bidding Guidelines and Bid Increments

Glossary of Terms

Auction Info

Auction Dates
January, 2007
Internet/Mail/Phone Bidders: 7
Members Tracking: N/A
Page Views: 752

Buyer's Premium per Lot:
15% of the successful bid (minimum $9) per lot.

Heritage membership

sold in the last year

Join Now - It's Free

  1. Past Auction Values (prices, photos, full descriptions, etc.)
  2. Bid online
  3. Free Collector newsletter
  4. Want List with instant e-mail notifications
  5. Reduced auction commissions when you resell your

Consignments wanted

Only 13 days left to consign to the 2015 October 29 - November 2 US Coins Signature Auction - New York!

Learn about consigning with us

Great coins, lovely catalogs, accurate description and grades (whether raw or slabbed).
M.G. ,
New City, NY
View More Testimonials receives more traffic than any other auction house website. To compare for yourself, visit:

Video tutorial

Getting the most out of search

Recent auctions

2015 August 12 - 16 ANA US Coins Signature Auction - Chicago
2015 August 12 - 16 ANA US Coins Signature Auction - Chicago
REALIZED $34,801,934
2015 August 13 ANA World and Ancient Coins Platinum Night Auction
2015 August 13 ANA World and Ancient Coins Platinum Night Auction
REALIZED $9,698,676
2015 August 13 ANA Currency Platinum Night Auction - Chicago
2015 August 13 ANA Currency Platinum Night Auction - Chicago
REALIZED $1,870,380

© 2015 Heritage Auctions | All Rights Reserved