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Lot
5333

1864 $2 1/2 AU58 NGC....

2011 April Rosemont CSNS Signature & Platinum Night US Coin Auction #1154

 
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Auction Ended On: Apr 28, 2011
Item Activity: 9 Internet/mail/phone bidders
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Location: Donald E. Stephens Convention Center
5555 N. River Road
Rosemont, IL 60018
Description:
1864 Liberty Quarter Eagle, AU58
Condition Census Specimen
1864 $2 1/2 AU58 NGC. The Philadelphia Mint coined 2,824 business strike quarter eagles and another 50 proofs in 1864. Eastern coinage of gold and silver coins was extremely limited during the second half of the Civil War, while larger quantities were struck in California, being little affected by the conflict.
NGC and PCGS have certified 17 examples of this issue, including four AU58 submissions and three finer coins. The finer coins include two certified as MS61 and one amazing MS67. In our own sales since 1993, nine appearances of an 1864 quarter eagle include just six different coins. The current offering is the third appearance of this specimen in our sales. Less than two dozen 1864 quarter eagles are known in all grades.
An undeniable Condition Census specimen, the present near-Mint survivor exhibits bold prooflike tendencies in the fields despite scattered abrasions. As befits a low mintage issue from the Philadelphia Mint, the devices are powerfully impressed and free of noticeable striking softness. Both sides display a bright, yellow-gold appearance, but deeper green-gold accents are noted at certain angles.
Ex: FUN Signature Sale (Heritage, 1/2001), lot 8099; Long Beach Signature Sale (Heritage, 9/2002), lot 8005.(Registry values: P2) (NGC ID# 25K4, PCGS# 7800)

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