1839-D $2 1/2 MS62 PCGS....

Description

Challenging 1839-D Quarter Eagle, MS62
The Only Classic Head D-Mint Quarter Eagle

1839-D $2 1/2 MS62 PCGS. Variety 1-A, McCloskey-A, R.2. The only Classic Head quarter eagle struck at the Dahlonega Mint, the 1839-D is from a mintage of 13,674 pieces. Experts estimate a surviving population of 150-175 pieces in all grades today. Examples in Mint State grades are decidedly rare. NGC has certified only two coins at the MS62 level, with five finer; while PCGS has graded six specimens in MS62, with four finer (10/09).
The prominent obverse mintmark has always been prized as an oddity by collectors, but it has been known to cause confusion. In the Cohen Collection (Edward Cogan, 10/1875), lot 207, the cataloger described a specimen as "1839 Denver Mint. Fine and scarce." It is remarkable that Cogan would refer to the Denver Mint, since that institution would not be opened until 1906, 31 years after this erroneous statement was printed. Perhaps he was remembering the Clark, Gruber & Co. private mint that operated successfully in Denver in the 1860s. In any case, the statement is indicative of the limited understanding of mintmarks most numismatists possessed in the 19th century.
The present coin is sharply struck, especially on the obverse. The surfaces exhibit delightful, dusky, old-gold color. Handling marks are consistent with the grade.(Registry values: P4)

Coin Index Numbers: (NGC ID# 25G5, PCGS# 7700, GSID# 8260)

Metal: 89.92% Gold, 10.08% Copper
Weight: 4.18 grams
AGW: 0.12084oz
Melt Value: $141.38
Gold Spot: $1,170/oz (12-04-2009)
Mintage: 13,674

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