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Lot
4763

1856-C $2 1/2 MS63 NGC....

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:
1856-C Quarter Eagle, Ex: Elrod
The Only MS63 Certified of This Issue
1856-C $2 1/2 MS63 NGC. Ex: Elrod. A terrific strike for this issue and really "as made" but showing a high degree of roughness on the planchet as made and common for this issue. At one time, this coin was quite deeply and beautifully toned. It was subsequently dipped and upgraded from MS62 PCGS to MS63 NGC. It should be pointed out that not everyone who saw this coin in its original state was as head-over-heels about it as was this cataloger, and it now has a more commercially viable look that should appeal to many potential bidders. Some light rose and reddish-gold hues can be seen on both sides, and there is more luster visible than on just about any other known example of this scarce date.
There are an estimated five or six examples known of the 1856-C quarter eagle in Uncirculated condition. NGC has graded an example in MS64 which has never appeared at auction. The present piece is the second finest, and it is still the only MS63 ever graded by a third-party service.
Ex: Paul Dingler Collection, Stanley Elrod Collection; Long Beach Signature (Heritage, 2/2009), lot 2533, where it realized $18,400.
From The Cherokee County Collection.(Registry values: P2) (NGC ID# 25J8, PCGS# 7778)

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