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Lot
5591

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

2012 October 18-21 ANA US Coins Signature Auction - Dallas #1175

 
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Auction Ended On: Oct 19, 2012
Item Activity: 3 Internet/mail/phone bidders
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Location: Dallas Convention Center
650 S. Griffin Street
Dallas, TX 75202

Description:
1862 Quarter Eagle, MS64
Seldom Seen in High Grades
1862 $2 1/2 MS64 NGC. This mid-Civil War quarter eagle is scarcer than the moderate mintage of nearly 100,000 pieces 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 (9/12). 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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