1840-O $2 1/2 MS62 PCGS. Variety 2....

Description

1840-O Quarter Eagle, MS62
Important First-Year Issue
One of the Finer-Known Examples

1840-O $2 1/2 MS62 PCGS. Variety 2. Christian Gobrecht's Liberty Head quarter eagle design was introduced in 1840, being produced at the mints in Philadelphia, Charlotte, Dahlonega, and New Orleans. The mintage figure from New Orleans was the highest with 33,580 examples struck, but this issue has not proven to be a common one. In fact, it should be considered rare, especially in mint condition.

This attractive piece is softly struck in the centers, as always, with pleasing luster and greenish-gold toning that turns to deeper apricot color near the borders. A group of russet specks are noted on the upper left obverse. A few wispy marks are seen on each side, mainly in the fields. Among the better-known examples, it is one of seven coins graded MS62 by PCGS, with none finer. NGC has seen five MS62 examples, while grading just one piece even finer at MS63 (3/14).(Registry values: P2)

Coin Index Numbers: (NGC ID# 25GD, PCGS# 7720, Greysheet# 8335)

Weight: 4.18 grams

Metal: 90% Gold, 10% Copper

Note for clients in the European Union: This lot is considered by the European Union to be “investment gold”. We believe that it meets the criteria established in Article 344(1), point (2) of Council Directive 2006/112/EC and thus should be exempt from import VAT regardless of the selling price. Any questions or concerns about VAT should be addressed to your accountant or local tax authority.

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