1840-O $2 1/2 MS62 PCGS. Variety 1....

Description

1840-O Quarter Eagle, MS62
Conditionally Rare, First Year of Type

1840-O $2 1/2 MS62 PCGS. Variety 1. This is the Large O variety, with the mintmark nearly centered above the point of the fraction bar. The Louisiana branch mint struck 33,580 quarter eagles in 1840 -- its second year of operation and the first for which Liberty Head two and a half dollar gold pieces were manufactured. The 1840-O is one of the more challenging issues in the series. Doug Winter estimates only 125 to 175 examples survive in all grades, including eight to 10 pieces in Mint State.

The centers are incomplete struck, as always. However, stars 3 to 13 exhibit full centers and radials lines, and the date and legends are bold. Lightly abraded surfaces display deep orange-gold color with red and lavender accents. Population: 6 in 62, 3 finer (11/21).
From The Buxton Collection. (Registry values: P2)

Coin Index Numbers: (NGC ID# 25GD, PCGS# 7720, Greysheet# 8335)

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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