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Lot
7657

1856-D $2 1/2

1999 F.U.N. Signature Sale #195

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Auction Ended On: Jan 8, 1999
Item Activity: 1 Internet/mail/phone bidders
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Location: Orlando, FL
Description:
Unique Mint State 1856-D Two and a Half
1856-D MS 60 PCGS. This date is known for exhibiting the worst quality strike of any quarter eagle struck at the Dahlonega Mint. This example is actually a bit better detailed than usual with some of the hair strands showing definition as well as many of the wing feathers being completely rendered. The surfaces are very clean and lustrous. While no 1856-D quarter eagle can be said to have really good eye appeal, this is a very handsome coin and an extremely important one as well.
With an original mintage figure of just 874 coins, the 1856-D quarter eagle has the lowest production of any issue from this Mint. There are around three dozen examples known and this piece is tied with the 1855-D quarter eagle as the rarest Dahlonega issue of any denomination. It is a rarer coin than the 1855-D in high grades, however, with just 6 to 8 pieces known in AU. At the present time, this is the only 1856-D quarter eagle to have been accorded a Mint State grade by either service (it was earlier graded similarly by NGC). The lovely Pittman: 1798 coin, later graded AU 55 by NGC, realized $28,600 in May, 1998. (NGC ID# 25J9, PCGS# 7779)

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