1848 $2 1/2 CAL. -- Cleaned -- NGC Details. XF....

Description

1848 CAL. Quarter Eagle, XF Details
Iconic Gold Rush Souvenir
Only 1,389 Coins Struck

1848 $2 1/2 CAL. -- Cleaned -- NGC Details. XF. The California Gold Rush left an indelible mark on the trajectory of American numismatics. It spawned an entire collecting area with dozens of issues produced by a variety of famous and lesser-known makers, not to mention the millions upon millions of double eagles struck during that time frame and the establishment of the San Francisco Mint in 1854. However, it could be argued that a single, diminutive quarter eagle issue stands above all others as the premier Gold Rush souvenir: the 1848 CAL two and a half dollar gold piece.

These coins were struck from the first 230 ounces of California gold received at the Philadelphia Mint. A total of 1,389 examples were produced at the behest of California's military governor, R.B. Mason, and United States Secretary of War W.L. Marcy to commemorate the event. Today, these coins are considered among the 100 Greatest U.S. Coins, with authors Jeff Garrett and Ron Guth writing: "Not only does the coin have a direct link to U.S. history, but also it is one of the rarest regular-issue Liberty Head quarter eagles."

The present example is strongly detailed with a bit of rub over the high points. Bright green-gold surfaces are slightly muted from cleaning, but partial luster remains and the reverse counterstamp is bold.
From The Western Heritage Collection.

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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