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2565

1881 $2 1/2 MS61 PCGS....

2009 February Long Beach, CA Signature US Coin Auction #1122

 
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Auction Ended On: Feb 6, 2009
Item Activity: 3 Internet/mail/phone bidders
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Location:

Long Beach, CA

Description:
Prooflike 1881 Quarter Eagle, MS61
1881 $2 1/2 MS61 PCGS. An Uncirculated survivor from a minuscule mintage of 640 coins. Garrett-Guth (2006) expound on the importance of the 1881 two and a half: "Of the small number of quarter eagles produced, most entered circulation, with the average survivor being in only Extremely Fine to About Uncirculated condition. Mint State coins are very rare."
The current offering is a boldly impressed piece with prooflike surfaces and orange-gold coloration. A tiny toning spot in the field between Liberty's nose and star 3 serves as a pedigree marker for future generations. As of (12/08), PCGS has graded a mere seven examples as MS61, with four finer specimens at the MS62 level.(Registry values: P2) (NGC ID# 25L5, PCGS# 7833)

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