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4215

1862 $2 1/2 MS64 NGC....

2011 September Long Beach Signature US Coin Auction #1159

 
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Auction Ended On: Sep 9, 2011
Item Activity: 8 Internet/mail/phone bidders
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Location: Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Description:

Conditional Rarity MS64
1862 Two and a Half
1862 $2 1/2 MS64 NGC. This mid-Civil War quarter eagle is scarcer than the moderate mintage of nearly 100,000 would lead collectors to believe. After the conflict began, gold coins simply did not circulate, and many low-mintage issues are far scarcer than thought. This near-Gem piece is a conditional rarity as well, among the top eight submissions at NGC and PCGS combined (7/11). The surfaces are beautifully colored, with alternating light streaks of reddish-gold and lilac. Typical for high-grade examples, the fields on this piece show striations that produce a bright, semireflective gleam on each side. The strike is bold overall, save for softness on the hair curls above the face and on the eagle's left (facing) leg. An important bidding opportunity and a coin not likely to be improved upon.(Registry values: P2) (NGC ID# 25JZ, PCGS# 7796)

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