There are currently no items available for purchase in this Department. Search our Auction Archives below to find item values.
Opening Bid
:
Current Bid:
Reserve Amount:

You are the current high bidder on this lot with a secret maximum bid of %bidPretty%.
(%bidBP% w/Buyer's Premium (BP) ).


Notice: You are the current high bidder on this lot, but the next highest bid is within one increment. That means that any additional bids on this lot will outbid you. To increase your chances of winning, enter your highest maximum bid.

You are the current high bidder on this lot with a secret maximum bid of %bidPretty%.
(%bidBP% w/Buyer's Premium (BP) ).

You are the current high bidder on this lot.
(Sign-In to see your maximum bid)

Your secret maximum bid of %bidPretty% has been outbid.

Your secret maximum bid of %bidPretty% does not meet the reserve.

(Sign-In to see your maximum bid)

Your secret maximum bid does not meet the reserve.
(Sign-In to see your maximum bid)

Lot
4709

1848 $2 1/2 CAL. AU58 NGC....

2012 July 12-15 US Coin Summer FUN Signature Auction - Orlando #1172

 
Sold for: Sign-in or Join (free & quick)
Claim Item: Sign-in or Join (free & quick)
Auction Ended On: Jul 13, 2012
Item Activity: 8 Internet/mail/phone bidders
3,245 page views
Location: Orange County Convention Center
9800 International Drive
Orlando, FL 32819
Description:

1848 CAL. Quarter Eagle, AU58
Possibly First U.S. Commemorative Coin
Only 1,389 Pieces Struck
1848 $2 1/2 CAL. AU58 NGC. In the opinion of many numismatists, the 1848 CAL. quarter eagle should be considered the first U.S. commemorative coin. Certainly, the coins serve to provide a direct link to the historic days of the California Gold Rush, and this important issue has many of the qualities of a commemorative coin. However, unlike most commemorative issues, the 1848 CAL. quarter eagle was not sold at a premium, but distributed as a regular-issue coin at face value, like the Statehood quarters of recent times.
Newly acquired, after the Mexican War of 1846, California was still under the authority of a military governor when gold was discovered at Sutter's Mill in 1848. The first shipment of gold from the newly discovered fields, totaling 230 ounces, was dispatched on December 9, 1848 by Col. R.B. Mason to Secretary of War William A. Marcy. Marcy delivered the bullion to the Philadelphia Mint, where 1,389 quarter eagles were struck and counterstamped with the initials CAL. to commemorate the important events transpiring in the faraway gold fields.
Collectors have prized the 1848 CAL. quarter eagle since the earliest days of the hobby, and a specimen was sold in the Dr. Lewis Roper Sale (Moses Thomas & Sons, 2/1851), which most numismatists agree was the first all-coin auction held in this country. Recent auction sales include the magnificent MS68 NGC specimen in lot 3419 of the FUN Signature (Heritage, 1/2006), which realized $402,500.
The present coin is an attractive near-Mint specimen, with well-detailed design elements that show just a touch of softness on Liberty's curls and the eagle's head. A few minor contact marks are present, none worthy of individual mention. The pleasing greenish-gold fields show distinct traces of prooflike reflectivity in many areas around the devices. This coin is included in Garrett and Guth's 100 Greatest U.S. Coins. Census: 9 in 58, 18 finer (6/12).
Ex: FUN Signature (Heritage, 1/2007), lot 3411, realized $57,500.(Registry values: P2) (NGC ID# 25HA, PCGS# 7749)

View large image(s) of this item

Service and Handling Description: Coins & Currency (view shipping information)

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

Bidding Guidelines and Bid Increments

Guides and Pricing Information:

Previous Prices from Heritage Auctions
Sign-in or Join (free & quick)
Price Guide
Sign-in or Join (free & quick)
Population Guide
Sign-in or Join (free & quick)
Find Auction Prices for Comparable Items:

Photographs:
Sign-in or Join (free & quick) to see the full image




Videos:
FLOOR AUCTIONS View All
Open For Bidding
Coming Soon
HERITAGE MEMBERSHIP
878,677
bidder-members
$961,016,656
sold in the last year
VIEW BENEFITS
  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
    winnings 
CONSIGNMENTS WANTED
Consign to the 2015 January 4 - 5 World & Ancient Coins Signature Auction - New York.
Learn About Consigning With Us
I can bid with confidence that I will obtain lots at the lowest possible price in Heritage auctions.
D.S. ,
Miamisburg, OH
HA.com receives more traffic than any other auction house website. To compare for yourself, visit: compete.com
Take our 2014 Coin
and Currency Survey
Grand prize:
A Certified Uncirculated
1907 High Relief $20!*
Take the Survey
HERITAGE VIDEO TUTORIAL
GETTING THE MOST OUT OF SEARCH
RECENT AUCTIONS
2014 July 10 - 13 Summer FUN US Coins Signature Auction - Orlando
2014 July 10 - 13 Summer FUN US Coins Signature Auction - Orlando
REALIZED $9,714,386
2014 April 10-12 & 15-16 CICF World and Ancient Coins Signature Auction - Chicago
2014 April 10-12 & 15-16 CICF World and Ancient Coins Signature Auction - Chicago
REALIZED $14,773,379
2014 April 24 & 28  CSNS World Currency Signature Auction - Chicago
2014 April 24 & 28 CSNS World Currency Signature Auction - Chicago
REALIZED $2,708,143