1846-C $2 1/2 MS64 PCGS. Variety 1. ...

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Sold on Jan 10, 2013 for:

$47,000.00 Bid Source: Live: Floor bidder

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Description

1846-C Quarter Eagle, MS64
Ex: Bass, Finest Known Example

1846-C $2 1/2 MS64 PCGS. Variety 1. Sole dies for the year. This piece previously appeared in the 2001 Atlanta ANA Auction as lot 7610, with a couple of prior Heritage appearances. We described it then essentially as follows:

"Even though it successfully reopened after the July 28, 1844 fire, the Charlotte Mint managed to strike only 4,808 quarter eagles in 1846. This coin exhibits a typically strong strike with a remarkable amount of detail displayed on the hair, star radials, and feathers. The eagle's left (facing) leg, however, is slightly flat. The bright, yellow-gold surfaces carry abrasions that befit a Choice specimen, with only one worthy of singular mention, that being located on Liberty's cheek. Since the mint used heavily rusted dies to coin this issue, regions of granularity are evident around the date, within portions of the legends on the reverse, and around the upper obverse rim. A prized condition rarity from the Tar Heel state that belongs in a superior collection of Charlotte gold coinage."

No appreciation of this coin, however, is complete without its impressive pedigree dating back more than a century. It is presented below.
Ex: David Wilson Sale (S.H. Chapman, 3/1907); John H. Clapp, later Clapp Estate (1942); Louis E. Eliasberg, Sr.; U.S. Gold Coin Collection (Bowers and Merena, 10/1982), lot 137; Harry W. Bass, Jr.; Bass II (Bowers and Merena, 10/1999), lot 381; various intermediaries; Atlanta ANA (Heritage, 8/2001), lot 7610; Central States Signature (Heritage, 4/2012), lot 5216.(Registry values: P2)

Coin Index Numbers: (NGC ID# 25H2, PCGS# 7741, Greysheet# 8351)

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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