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Lot
1964

1865 $2 1/2 AU55 NGC. Like so many gold pieces from the Civil War era, this is a low-mintage rarity. In fact, the Philadelp...

2006 November Dallas Signature Coin Auction #420

 
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Auction Ended On: Nov 30, 2006
Item Activity: 3 Internet/mail/phone bidders
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Description:
Choice AU 1865 Quarter Eagle Rarity
1865 $2 1/2 AU55 NGC. Like so many gold pieces from the Civil War era, this is a low-mintage rarity. In fact, the Philadelphia Mint coined just 1,520 of these pieces, along with an additional 25 proof examples. In 1988, Walter Breen claimed that this date was unknown in Mint State grades, although a single piece has been certified Mint State today. Unlike the situation a century ago, collectors now seem to focus on the various branch Mint issues, seemingly ignoring these Philadelphia Mint coins. At the end of the 19th century and the beginning of the 20th century, few collectors paid any attention to the various branch Mint issues, and simply acquired one example to represent each year. For those that could afford such coins, proofs were the ideal candidates. Couple this with the hoarding of precious metals that took place in the late 1860s, and the extremely low mintage to start with, and the true rarity of this date and other adjacent dates becomes obvious. This example is an attractive light yellow-gold piece with nearly full luster. A few tiny abrasions in the fields are of little concern. Census: 1 in 55, 8 finer (10/06).(Registry values: P2) (NGC ID# 25K5, PCGS# 7801)

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