1839-C $2 1/2 MS62 NGC....

Description

1839-C Quarter Eagle, Recut 39, MS62
Ex: Dingler, High in the Condition Census

1839-C $2 1/2 MS62 NGC. Ex: Dingler. Recut 39, Variety 3-C, McCloskey-C, Breen-6150, R.3. Although due to the much larger mintage of 18,140 coins the 1839-C is more "common" than the 1838-C quarter eagle, it is still quite scarce and in demand from type collectors. Accordingly, the supply is under intense pressure. Nice examples always command considerable premiums whenever they appear on the market. Two obverse dies are known for the year, one with a defective 9 in the date (traditionally called an 1839/8 overdate) and one with a repunched 9 in the date. The "overdate" obverse die was used with two different reverses to create the 2-A and 2-B varieties in the Winter Gold Coins of the Charlotte Mint: 1838-1861, with the Repunched Date obverse, as here, used in a single die pairing.
On the 3-C variety, the 3 in the date was punched too low, then corrected. The mintmark is placed further to the left than on Obverse 2, centered above the digits 83. On the reverse the branch tip extends only to the upper left tip of the D in UNITED. The lowest arrowhead extends to the gap between the serifs of the last A in AMERICA.
Without specificity as to varieties, NGC has graded four in MS60, nine in MS61, two in MS62, and one in MS63. PCGS has certified only four Mint State examples: one in MS61 and two in MS62, plus a certified 1839/8 in MS62 (12/08). This MS62 NGC piece, after subtracting the certain duplications in the above data, is clearly in the upper end of the Condition Census for the issue.
Apricot-gold patina imbued with occasional splashes of grayish-green enriches both sides of the current offering. The strike is somewhat better than often seen on the issue; most of the star centrils are strong, as are Liberty's hair curls, except for the one above the ear. A few minute contacts scattered about result in occasional interruptions in the luster flow. All in all, this piece generates considerable eye appeal for the designated grade. Census: 2 in 62, 1 finer (12/08).
Ex: Gaskill Collection (New Netherlands 44th sale, 11/1956), lot 215; Stack's (6/1994), lot 567; Paul Dingler Collection, ex: MS61 PCGS. Winter plate coin (1998) for the variety.
From The Grand Lake Collection.(Registry values: P5)

Coin Index Numbers: (NGC ID# 25G4, PCGS# 7699, Greysheet# 8259)

Metal: 89.92% Gold, 10.08% Copper
Weight: 4.18 grams
AGW: 0.13oz
Mintage: 18,140

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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