1838-C $2 1/2 MS62 PCGS....

Description

Series-Key 1838-C Classic Quarter Eagle, MS62

1838-C $2 1/2 MS62 PCGS. Breen-6147, Variety-20, R.3. One die pair was used to strike 1838-C quarter eagles. All show strong repunching on the mintmark, which was first placed too low (Doug Winter, Gold Coins of the Charlotte Mint, 1838-1861). Winter notes that late die states are known; these show two to three die cracks on the reverse. This MS62 specimen is an early die state, as it is without such cracks.
The 1838-C, with a mintage of 7,880 coins, is usually found in Very Fine and Extremely Fine grades. It is rare in About Uncirculated and very rare in Mint State. Winter estimates 80 to 90 pieces extant in all grades. The certified population data seem to point to a somewhat higher number of survivors, as PCGS and NGC combined have graded 144 pieces in all grades. It is likely that a number of these, however, represent resubmitted coins. In any event, 16 pieces fall into the Mint State range, mostly MS60 to MS62. No Gem-quality pieces have been certified.
This coin displays bright yellow-gold surfaces with subtle greenish hues. The fields are partially prooflike, and yield noticeable contrast with the motifs when the coin is rotated beneath a light source. A better-than-average strike shows sharp definition on the design features, including nearly full detail on the hair about the ear, which is typically weak. The radials show in some of the stars, an unusual trait for this issue in which the star centers are normally weak. A few handling marks are scattered about, another characteristic of the 1838-C. These do not, however, significantly detract from the overall eye appeal. Population: 2 in 62, 2 finer (3/10).(Registry values: P3)

Coin Index Numbers: (PCGS# 7697, GSID# 8257)

Metal: 89.92% Gold, 10.08% Copper
Weight: 4.18 grams
AGW: 0.12084oz
Mintage: 7,880

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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