1859 $2 1/2 Old Reverse, Type One MS64 NGC....

Description

Choice 1859 Type One Quarter Eagle
Single Finest NGC-Certified as Old Reverse

1859 $2 1/2 Old Reverse, Type One MS64 NGC. The Old Reverse hub of the Liberty quarter eagle, sometimes called the First Reverse, was introduced along with the type in 1840. This hub is identifiable by the nearness of the lowest arrowhead to the CA in AMERICA and the closed talons on the eagle. Although replaced by a new reverse hub in 1859, the Old Reverse hub continued in use, albeit in a limited fashion, through 1861. The first 1859 Old Reverse quarter eagle was discovered only in the 1960s. Today, this variety is well respected as a significant rarity in all grades. This is the single finest example known to NGC (9/09), and it is a lovely orange-gold representative. The finish is mostly frosty, and the strike is sharp exception for the often/seen lack of detail on the eagle's left (facing) leg feathers. There are only a few small abrasions here and there, with a pair of toning spots at the lower obverse rim that should serve as useful pedigree markers. A significant 19th century gold rarity at an unrivalled level of preservation.
Ex: FUN Signature (Heritage, 1/2001), lot 8095.(Registry values: P2)

Coin Index Numbers: (NGC ID# 25JK, PCGS# 97788, GSID# 8282)

Metal: 90% Gold, 10% Copper
Weight: 4.18 grams
AGW: 0.12095oz

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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