1850-O $2 1/2 -- Obverse Lamination -- MS63+ NGC. Variety 4. ...

Description

1850-O Two and a Half, MS63+
Condition Census Quality
Smooth and Lustrous

1850-O $2 1/2 -- Obverse Lamination -- MS63+ 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 rare. Most are in MS60 through MS62 grades. Only a handful of MS63 and MS64 pieces are known. 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, confirm the NGC designation but have little impact on the coin's eye appeal. Census: 1 in 63, 1 finer (12/22).(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.

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