1850-O $2 1/2 MS64 NGC. Variety 4....

Description

1850-O Two and a Half, MS64
Condition Census Quality
Smooth and Lustrous

1850-O $2 1/2 MS64 NGC. Variety 4. New Orleans did not strike quarter eagles in 1848 or 1849, but struck 84,000 examples in 1850, perhaps to compensate for a shortage of silver coin. The issue was needed in commerce, and Mint State survivors are elusive. In Gold Coins of the New Orleans Mint, third edition, Doug Winter writes:

"The 1850-O is easily located in grades up through AU55, but properly graded AU58 pieces, especially with natural color are hard to locate. This date is very scarce in Uncirculated and nearly every piece falls in the MS60-MS62 range."

This coin is one of just four pieces reported by PCGS and NGC combined in MS64, with none finer. This smooth and lustrous sun-gold example is outstanding from the technical perspective. The strike shows minor incompleteness below Liberty's ear, and on the central reverse. Small laminations on the obverse rim, at 7 o'clock and 7:30, have little impact on the coin's eye appeal. Census: 2 in 64, 0 finer (6/24).(Registry values: P2)

Coin Index Numbers: (NGC ID# 25HK, PCGS# 7758, Greysheet# 8364)

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.

View Certification Details from NGC