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

Description

Choice 1859 Old Reverse Quarter Eagle

1859 $2 1/2 Old Reverse, Type One MS64 PCGS. It has often been said that the Liberty Quarter Eagle had the longest uninterrupted run of any U.S. type. It was struck every year from 1840 to 1907 with the same alloy and the same basic design. Unlike the higher Liberty gold denominations, the Motto was not added in 1866. The design was, however, slightly modified in 1859. A new master reverse die was made with letters and arrowheads reduced in size. At least one working reverse die of the prior type remained in use, since Old Reverse pieces are known dated 1859, 1860, and 1861. In each case, the Old Reverse subtype is significantly scarcer. The 1859 has a recorded mintage of 39,444 pieces, but the actual division of the production between the two varieties is unknown. This lustrous near-Gem is well preserved, and is perhaps kept from an even higher grade by slight softness of strike on the eagle's left (facing) leg. Population: 2 in 64, none finer (10/04).(#97788) (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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