1862 $2 1/2

Description

Extremely Rare 1862 Proof Quarter Eagle--One of the Finest Known Examples

1862 PR 65. The 1862 quarter eagle is one of the foremost rarities in the entire Coronet quarter eagle series as only 35 proofs were coined. Of that number it has been variously estimated that survivors number between a low of 11-13 pieces (Taglione) to as many as 18 (Breen). Whomever one chooses to believe, very few examples of this date exist in any condition. This proof issue has been somewhat ignored, due in part to the rarity of the 1863 that follows it chronologically and the underappreciated status of the associated business strikes.
The surfaces of this piece exhibit a slight haziness from having been stored for many years. For distinguishing marks, there are a couple of small planchet flaws around stars 1 and 2. There is also an intermittent milling mark between the nose of Liberty and star 3, but these impairments are hardly noticeable and are mentioned for pedigree purposes.

Coin Index Numbers: (NGC ID# 287G, PCGS# 7888, GSID# 8465)

Metal: 90% Gold, 10% Copper
Weight: 4.18 grams
AGW: 0.12095oz
Mintage: 35

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.