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Lot
6856

1849 25C MS64 PCGS. The 1849 is much scarcer than its mintage of 340,000 pieces would indicate. Once ore began to arrive fr...

2005 St. Louis, MO (CSNS) Signature Auction #372

 
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Auction Ended On: May 5, 2005
Item Activity: 6 Internet/mail/phone bidders
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Location: St. Louis, MO
Description:
High Grade (MS64) 1849 Quarter
1849 25C MS64 PCGS. The 1849 is much scarcer than its mintage of 340,000 pieces would indicate. Once ore began to arrive from the California gold fields, silver prices started to rise making contemporary coins such as the 1849 quarter worth more than their intrinsic value. As a result, a large percentage of the mintage was melted. Sharply struck, the surfaces display a few field marks on each side, and the obverse displays deep blue, golden, and gray toning with an essentially brilliant reverse. Population: 6 in 64, 0 finer (3/05).(#5413) (Registry values: P3) (NGC ID# 23T2, PCGS# 5413)

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