Announcement: Sunday & Tuesday Internet Coin Auctions and Weekly World and Ancient Coin Auctions move to Heritage Live!

Our Weekly Internet Coin Auctions and World and Ancient Coin Auctions are closing with live, online auctions on HA.com's Heritage Live! platform beginning with the Internet Coin Auction that ends Sunday, September 21st and the World and Ancient Coin Auction that ends on Thursday, September 25th. Each lot is offered one at a time, in lot number order, in live auctions beginning at 8:00 PM CT. During this part of the auction, live bidders will be on Heritage Live! competing with each other and with previously placed Internet bids. The lot opens, requests live bids, and then closes when the bidding is finished. There is no change in how you place your secret maximum bids during the week the auctions are open on HA.com. In addition, once bidding on HA.com ends, 2 hours before the live sessions start, you still have the option to leave proxy bids through Heritage Live!

For more information about Heritage Live!, please visit HA.com/live. If you have any questions about this exciting format change, please contact us at 800-872-6467 or Bid@HA.com.

X
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
5202

1848 $2 1/2 CAL. MS61 NGC....

2010 September Long Beach, CA Signature US Coin Auction #1144

 
Sold for: Sign-in or Join (free & quick)
Claim Item: Sign-in or Join (free & quick)
Auction Ended On: Sep 24, 2010
Item Activity: 14 Internet/mail/phone bidders
3,252 page views
Location:

Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Description:

1848 CAL. Quarter Eagle, MS61
One-Year Type Coin
Possibly the First U.S. Commemorative
1848 $2 1/2 CAL. MS61 NGC. To commemorate the historic events of the California Gold Rush, a special coinage of quarter eagles was produced from the first shipment of gold bullion to arrive at the Philadelphia Mint from the gold fields. The shipment provided 230 ounces of the precious metal, which was transformed into 1,389 regular-issue quarter eagles, each coin bearing the inscription "CAL." above the eagle's head on the reverse.
The issue was immediately popular as a souvenir of the most important economic event of the pre-Civil War era. An example was featured in the Roper Sale (M. Thomas & Sons, 2/1851), considered to be the first real coin auction held in the United States. Early auction listings often described the coins as proofs, as in lot 2812 of the Sixth Semi-Annual Sale (W. Elliot Woodward, 3/1865):

"1848 Brilliant proof, having on the reverse Cal., to indicate that it was coined from the first gold of California received that year, excessively rare."


Modern research disputes these early listings. To quote Jeff Garrett and Ron Guth, "However, modern study has revealed that all were struck from the same pair of dies at the same time and that the dies had a Prooflike, not Proof, finish."
Regardless of their status as proof or business-strike issues, the coins are among the most attractive examples of U.S. coinage ever issued, and collectors of many disciplines pursue the date avidly. Many commemorative enthusiasts consider the 1848 CAL. quarter eagle the first U.S. commemorative coin, while type collectors consider it a one-year type coin. Of course, Liberty Head quarter eagle specialists include the issue in their sets, as well. Experts estimate fewer than 75 examples of this rare issue survive today in all grades. The 1848 CAL. quarter eagle is listed as one of the 100 Greatest U.S. Coins.
The present coin is an impressive Mint State example, with reflective yellow-gold surfaces on the reverse and hints of light green on the obverse. All design elements are sharply detailed, and there are discernable elements of field-device contrast present, though not enough for a Cameo designation. Outstanding eye appeal and unparalleled historic interest make this coin a "must have" for the advanced collector. Census: 4 in 61, 17 finer (7/10).(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
884,565
bidder-members
$1,007,055,282
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 NYINC World Coins & Ancient Coins Signature Auction - Waldorf NYINC.
Learn About Consigning With Us
If/when you are considering selling your treasured collection, it would be in your best interest to consider Heritage.
The White Rose Collection
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 September 4 - 6 Long Beach Expo US Coins Signature Auction - Long Beach
2014 September 4 - 6 Long Beach Expo US Coins Signature Auction - Long Beach
REALIZED $13,398,253
2014 September 3 - 10 Long Beach Expo World Coins Signature Auction - Long Beach
2014 September 3 - 10 Long Beach Expo World Coins Signature Auction - Long Beach
REALIZED SO FAR $9,117,835
2014 September 4 - 8 Long Beach Expo World Currency Signature Auction - Long Beach
2014 September 4 - 8 Long Beach Expo World Currency Signature Auction - Long Beach
REALIZED $1,847,114