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Lot
1540

1878 $2 1/2 MS65 NGC....

2009 May Long Beach, CA Signature US Coin Auction #1125

 
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Auction Ended On: May 29, 2009
Item Activity: 6 Internet/mail/phone bidders
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Location:

Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Description:
Gorgeous Gem 1878 Two and a Half
1878 $2 1/2 MS65 NGC. A gorgeous and lustrous Gem whose apricot-gold surfaces lack visible abrasions. The strike is bold, and the eye appeal is formidable. The year 1878 witnessed an increase in quarter eagle production, as the Treasury anticipated that citizens would wish to exchange currency at or near par to obtain gold coinage. Such demand never materialized except in the far West, since the public was by then accustomed to (and confident in) Federal paper money. Census: 28 in 65, 4 finer (4/09).(Registry values: P2) (NGC ID# 25KY, PCGS# 7828)

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