1840-C $2 1/2 AU50 PCGS. Variety 1....

Description

1840-C Quarter Eagle, AU50
Seldom Encountered in Almost Uncirculated

1840-C $2 1/2 AU50 PCGS. Variety 1. Softly struck, with an unusual appearance that is similar to that seen on some 1842-C (and 1856-C) quarter eagles. The obverse is especially soft while the reverse has detail that is more consistent with the assigned grade. This piece was struck on an improperly prepared planchet and there is a strip-like flaw on the obverse between stars 1 and 2 up to the chin, and another is seen on the face. Very little luster is present but this is probably more the result of improper preparation of the planchet than actual wear or mishandling. The good news is that this coin is original in appearance with deep reddish-gold color over both sides. We have never seen another 1840-C quarter eagle with a similar appearance and this is an interesting study coin for the specialist.

This issue is popular because of its status as the first Liberty Head quarter eagle from Charlotte. It is reasonably obtainable in circulated grades up to and including XF45, and it is moderately scarce in the lower to middle AU grades. Only 175-225 pieces are estimated extant in all grades.
Ex: FUN Signature (Heritage, 1/2008), lot 3817.(Registry values: P2)

Coin Index Numbers: (NGC ID# 25GB, PCGS# 7718, Greysheet# 8333)

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.

View Certification Details from PCGS