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Lot
9762

(1837-42) $2 1/2 C.Bechtler Quarter Eagle, 70G. 20C. AU58 NGC....

2005 February Long Beach Signature Sale #366

 
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Auction Ended On: Feb 25, 2005
Item Activity: 8 Internet/mail/phone bidders
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Location: Long Beach, CA
Description:
Pleasing and Scarce Near Mint Bechtler Quarter Eagle
(1837-42) $2 1/2 C.Bechtler Quarter Eagle, 70G. 20C. AU58 NGC. K-13, R.6. Plain Edge. This particular issue was struck using South Carolina gold. Interestingly, the engraver used an inverted V for the letter A on the reverse die. The Bechtlers' coinage earned great respect during this period as the coins were of the true weight and fineness stated, and the gold value was actually worth slightly more than face value. The Bechtlers also coined the first gold dollars in the United States, and the Philadelphia Mint followed with their own gold dollars some 18 years later. Remarkably, the Bechtler coining press still survives in the American Numismatic Society's Museum. NGC has graded two examples this high with three coins seen finer (the finest MS62). The coin is sharply and evenly struck throughout, and the green-gold surfaces are lightly abraded with the only notable distractions being a series of shallow pinscratches below 250 on the reverse.
Purchased from Abner Kreisberg Corporation on June 21, 1983 for $4,000.
From The Beverly Hills Collection.(#10070) (PCGS# 10070)

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