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Sale 51
Pre-Long Beach Coin and Currency Auction
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Description |
Realized |
Lot 1338 |
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1796 $2.50 Capped Bust. No stars. PCGS graded AU-58 PQ. The more "plentiful" of the two die varities for the type, if such a word is appropriate for this prestigious numismatic gold coin. Well struck on a mostly problem-free planchet. We note a few very minor hairline adjustment marks in the unprotected right obverse field and these are well concealed by the lovely rich natural golden toning. The reverse is brilliant and semi prooflike. A Premium Quality coin for the given grade.
It is believed -- based upon estimates by Walter Breen -- that only 963 examples were struck of the first quarter eagle. Interestingly, these were of a one-off design, a motif that would be discontinued after these 963 coins left the press. Within this small population there are two die varieties -- two different reverse dies differing from each other only by minute details.
Believed to have been designed by Robert Scot, the 1796 quarter eagle features the capped head ("bust") of Liberty facing right. The field is plain, framed only by a low raised rim, with the date 1796 below the bust.
The reverse is of the Large or Heraldic Eagle design similar to the one used on all gold and silver denominations of the period. It was adapted from the Great Seal of the United States. The main motif depicts an eagle with a shield on its breast, holding an olive branch and arrows in its claws, and in its beak a ribbon inscribed E PLURIBUS UNUM. An array of stars lies above, with clouds forming an arc from one wing to the other. The inscription UNITED STATES OF AMERICA surrounds. There is no mark indicating the denomination.
Of the 963 pieces believed to have been minted, it has been estimated by David Akers, a student of the subject, that perhaps as many as 30 to 40 survive today, although other estimates put the number lower, into the range of 15 to 20 pieces. Others have suggested the 100 mark. Irrespective of which estimate one chooses, the 1796 quarter eagle is famous as an elusive and sought-after early Capped Bust American gold coin. Pop 13; 3 in 61, 3 in 62, 1 in 65. (PCGS # 7645) .
Estimated Value $150,000 - 175,000.
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Lot 1339 |
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1796 $2.50 Capped Bust. Stars. PCGS graded MS-63 PQ. Well struck, problem-free and shimmering with semi reflective mint luster. Lovely golden-orange overtones add to its appeal. Identifiable by three small lint marks in the obverse. This is an outstanding Mint State example and a major rarity one seldom sees offered for sale. Both sides display warm orange-yellow gold surfaces with the patina noted on the high points as well as covering the field surface. The fields, as described, are prooflike on both sides. Very minor surface marks are present. What might at first be mistaken as adjustment marks are actually raised die lines visible at the upper reverse beneath several of the letters in STATES. In the 2002 Bowers sale, the lint marks are described as follows: "Most important are the several obverse lint marks, as struck. Today, these will serve as important pedigree markers. Notable among these is one that crosses Liberty's chin, just above the throat, diagonally from the right obverse field. This is a perfect match for the John Whitney Walter Collection coin, Lot 1790 in Stack's sale of that collection. This coin was cataloged by Stack's as 'Choice Brilliant Uncirculated. Possibly the Second Finest Known.'"
This 1796 quarter eagle type, with obverse stars, is much rarer than the other type of this year, the No Stars issue. The issue is a major rarity in Mint State condition, with just a handful of such coins known per the accompanying census. Perhaps only one or two other uncertified examples of similar caliber are known today. Only 432 struck and one of the major rarities in the Quarter Eagle series. Pop 1; none finer (PCGS # 7647) .
Diagnostics: Features of this With Stars die pair include the digit 6 extending beyond the bottom edge of the drapery on the obverse and the raised die file lines through TATE on the reverse. The 8 + 8 star arrangement on the obverse is unusual with a spacious field between star 1 and the hair curl; this caused a congested appearance of the stars on the right.
Estimated Value $225,000 - 250,000.
Ex Bowers 11/2002; earlier, Stack's Whitney Walter Collection coin, Lot 1790.
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Lot 1340 |
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1802/1 $2.50 Capped Bust. NGC graded MS-63. In NGC holder 1951305-017. Rarity 4, still the most "common" variety for the year. A lustrous untoned example with lovely clean surfaces and just a touch of softness in the centers as made. One of a pair of very choice Mint State 1802 quarter eagles in this sale, the coin is nicely enveloped in frosty luster. Both sides are problem free, we might add. Depositors of gold bullion in those days preferred the half eagle over the quarter eagle as being more in line with similar-sized European gold coins, and few coins of the quarter eagle denomination were issued between 1796 and 1807, hence their extremely low mintage figures. The 1802 was for many years considered to be a 2-over-1 overdate, but recent study has changed this opinion. Surprisingly choice and well detailed, and one that is on the high side for the MS63 grade. Only 3,035 pieces struck and an ideal example for a type set. Pop 15; 5 finer with 3 in 64, 2 in 65 (PCGS # 7650) .
Estimated Value $45,000 - 50,000.
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$40,250 |
Lot 1341 |
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1802/1 $2.50 Capped Bust. PCGS graded AU-55. Untoned with reflective surfaces. What is most in full view when we examine this early quarter eagle is its rolling golden mint bloom, much of which is retained on both sides -- it expands over each side hindered by only a few abrasions and free of even a trace of toning. We note one small indentation above the 8th star, and some faint adjustment through Liberty's face and hair. A coin with outward charm that will delight the serious early gold collector. A halfhearted impression is many times left by the striking of the dies that made this year's quarter eagles, but this example shows plainly that it is much better than most. The few weak areas seem confined to the shield and wing (at left) with the eagle's claws full as well as the bundle of arrows and olive branch.
Die characteristics: The date logotype on this quarter eagle appears to be identical to that used for the 1802 JR-4 bust dime. Interestingly, the quarter eagle has often been called an 1802/1 overdate in past literature, while we do not recall any instances of the dime being called an overdate. The lower right serif of this digit is connected to the diagonal by a short die line while the upper left curve is connected to the opposite side of the diagonal by a second die line. It is these features that led some to call the quarter eagle an overdate. It is now the opinion of most numismatists that these merely represent slight defects to the date punch and in no manner suggest there ever was an 1802/1 overdate. Only 3,035 struck. Pop 9; 24 finer; 8 in 58; 6 in 61; 3 in 62; 7 in 63. (PCGS # 7650) .
Estimated Value $19,000 - 21,000.
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Lot 1342 |
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1808 $2.50 Capped Bust. NGC graded AU-55. Well struck on a far better than average planchet with the only defect a minor imperfection at stars 8 thru 10. Untoned with plenty of mint luster to justify this lofty grade. Only 2710 struck and always in great demand as a one year type.
The reason for the short duration of the rare and coveted "Capped Draped Bust" quarter eagle is this: Shortly after the Philadelphia Mint began striking the coin, it ceased quarter eagle production entirely due to lack of demand from bullion depositors. When production of quarter eagles resumed 12 years later in 1821, new designs had been introduced for half eagles of 1813 through 1820, which designs the quarter eagle copied. (Sharing designs among different denominations of the same metallic content had a long tradition at the United States Mint.)
The engraver responsible for the 1808 Capped Draped Bust Left design (as it is called) was John Reich, a German who sold himself into indentured service in order to travel to the United States. Reich became an assistant engraver at the Mint in 1807 and assisted the aging Robert Scot with design and die preparation. It was Reich who was mainly responsible for the designs used on the 1808 quarter eagle (first for the half eagle, on which they were introduced in 1807).
On the obverse, Liberty faces left, wearing a soft cap similar to the fashionable headgear worn by women of the day. It is inscribed LIBERTY on the headband. Her bust is lightly draped (the cap and drapery give the coin one of its names). The reverse first used on the half eagle in 1807 as well, and on the quarter eagle in 1808, has an eagle with its wings outstretched, head over its shoulder. It grasps an olive branch (representing peace) in the right claw and three arrows in the left (for war). The eagle's head direction towards the olive branch implies a preference for peace in heraldry. A shield overlays the eagle's breast. The denomination appears below. This is the first instance of a denomination on a U.S. gold coin.
Reich made this single obverse and reverse die pair for the quarter eagle. Once he finished the dies production occurred early in the year; the 2,710 coins were all delivered February 26, 1808. No more were produced. Pop 5; 30 finer (PCGS # 7660) .
Estimated Value $80,000 - 90,000.
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Lot 1343 |
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1833 $2.50 Capped Head. NGC graded MS-63 BD-1, R-5. Nice golden toning. Few other early types win the competition against the Capped Head Left series of quarter eagles minted in the 1820s and 1830s for dependably low mintage and rarity. Most saw the insides of a melting furnace within a few years after their production when the intrinsic value of the gold content exceeded the face value. Among the most difficult dates in the series to acquire in Mint condition is the 1833. In fact, it is surpassed only by the elusive 1834 With Motto, an issue that saw almost its entire production melted before it could be released into circulation. This vibrant yellow-gold specimen comes somewhat soft at the centers and on the obverse stars, as is normally seen. There is a series of adjustment marks across the shield on the reverse. An key offering for the early gold specialist. Only 4,160 minted. Pop 3; 8 finer; 6 in 64; 1 in 66; 1 in 67. (PCGS # 7673) .
The design of 1829-1834 is similar to that of 1821-1827 except that the date numerals, stars, and letters are slightly smaller, and the rim appears more prominent. The entire effect is less delicate than that of the 1821-1827 years. The design is properly attributed to John Reich, but with modifications by Chief Engraver William Kneass.
Estimated Value $28,000 - 30,000.
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| Realized
$27,600 |
Lot 1344 |
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1836 $2.50 Classic Head. Sharpness of MS-63. To the naked eye, the surfaces appears to be of gem quality; however, close examination reveals this coin has been "whizzed".
Estimated Value $500 - 750.
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| Realized
$891 |
Lot 1345 |
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1838-C $2.50 Classic Head. NGC graded MS-61. In NGC holder 3093890-001. Well struck with stunning golden-sunset toning that deepens naturally about the borders. Only 7880 pieces struck. The rich toning adds significant energy to the luster of this handsome Mint State. Full frosty surface from top to bottom. Nicely struck for the date, as well; here Liberty's hair is bold and crisp, remarkably so! For its part, the reverse eagle sports crisp detail throughout its wings, neck and leg feathers, while the shield is complete in its vertical stripes with only a little merging-together of the horizontals. A highly prized rarity in grades of About Uncirculated or finer, the 1838 Charlotte Mint $2.50 was struck in limited numbers since this year saw the opening of the mint with the usual attendant problems in ramping up such an undertaking. Most of the quarter eagles struck this year went into pocket change, becoming heavily circulated, before being retrieved from circulation. No doubt the low mintage and "C" mintmark plus the association with the opening of this Mint propels the 1838-C to the forefront of quarter eagle types in Mint condition. The obverse mintmark location only occurs in 1838-C and 1839-C. A classic rarity in Mint condition and one that will serve to be a magnet for collectors from several numismatic areas, all with one thing in mind: possession of this key quarter eagle rarity.
1838-C quarter eagles have the C first punched low and touching the top of the 3 below, then repunched in a higher position. Early die state before extensive breaks occurred on the reverse. Pop 4; 6 finer; 3 in 62, 3 in 63. (PCGS # 7697) .
In 1838 the so-called Underground Railroad was in operation and provided a method for slaves in the South to escape to the North or to Canada. Clandestine way stations were set up in 14 Northern states, but activities were greatest in Ohio, which serviced a stream of slaves coming up from Kentucky. It is estimated that about 500 to 1,000 slaves escaped each year. The Anti-Slavery Society's 1838 token, AM I NOT A WOMAN & A SISTER (known by numismatists today as Low-54), was among the copper issues that achieved wide circulation. In Philadelphia on May 17 a crowd burned down Pennsylvania Hall in an attempt to stop anti-slavery meetings in the city. Pro-slavery advocates spread rumors that freed slaves would take jobs away from citizens.
In the government's continuing exploitation of Native Americans, more than 14,000 Cherokees were forced by federal troops under the command of General Winfield Scott ("Old Fuss and Feathers") to walk the "Trail of Tears" from their native territories in Alabama, Tennessee, and Georgia to a resettlement area 800 miles distant in Indian Territory west of the Red River. About 4,000 Cherokee people died en route.
Estimated Value $22,000 - 24,000.
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$19,550 |
Lot 1346 |
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1838-C $2.50 Classic Head. NGC graded AU-58. Well struck with the central portions needle sharp. A wonderful example of the first Charlotte Mint quarter eagle. What's more, ample luster is evident around the devices, within, and stretching far out across the fields on both sides, with only a few light hairlines evident. After August 2, 1834, earlier gold coins continued to trade at a premium at specie and bullion dealers. The earlier, heavier issues were referred to as "old tenor" in financial journals. Examples of the P-mint 1834-39 Classic Head can be obtained readily in grades from Fine through Mint State. Branch mint coins, especially when Mint condition, are very rare. The lowest mintage of the type was registered by the first mintmark issue, the 1838-C, of which only 7,880 were struck. Pop 24; 11 finer (PCGS # 7697) .
Historic note: Two obverse dies and three reverse dies were shipped from the Philadelphia Mint to Charlotte in 1838, but it seems that only one pair of dies actually saw use. All of these dies were later destroyed (in 1843).
Estimated Value $12,000 - 13,000.
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Lot 1347 |
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1839-C $2.50 Classic Head. PCGS graded MS-61. A lovely full strike exhibiting traces of mint luster and all a pleasing pale golden color. A total mintage of 18,140. The lowest mintage of the short-lived William Kneass or "Classic" head type was registered by the first mintmark issue, the 1838-C, of which only 7,880 were struck. The mintmarked issues of the next year, 1839-C, 1839-D, and 1839-O, are all scarce, with the typically encountered grade being Very Fine or, occasionally, Extremely Fine. Any coin in Mint State grade is a rarity. At the time, the numismatic community -- consisting of no more than a couple hundred widely scattered enthusiasts -- took no note of mintmarks, and not even the Mint Cabinet saved specimens. Hence, the extremely low census in Mint condition: Pop 1; 2 finer in 62. (PCGS # 7699) .
Three die varieties for 1839-C are known, this example being variety C. Rather than being an overdate, this is better described as a repunched date. On the present piece extensive die breaks can be found on both sides.
Identification of three die varieties: A: Mintmark over left half of digit 3. Tip of branch stem over right upright of D. Usually cracked, neck to right wing. B: Mintmark over left half of digit 3. Tip of branch stem over left edge of D. Usually cracked through E of STATES. C: Mintmark over space between 83. Usually cracked, left shield tip to beak.
Estimated Value $25,000 - 27,000.
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Lot 1348 |
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1839-C $2.50 Classic Head. PCGS graded AU-55. Well struck with bisecting die crack from star 2 thru star 9. Lovely golden toning on both sides. While a relatively common coin in lower grades, the '39-C is very elusive in solid AU condition or higher with tremendous demand from collectors at this level. This is an attractive example, and has all of the qualifications for the grade and then some. The surfaces are frosty and light reddish-golden with only minimal abrasions for the grade. What seem to be defects on many 1839-C quarter eagles are actually either die cracks or planchet depressions common to this variety. First of the Charlotte Mint quarter eagles. And distinctive in having the mintmark on the obverse, above the date. Only 18,140 struck. Pop 28; 8 in 58, 1 in 61, 2 in 62 (PCGS # 7699) .
The story of the Charlotte Mint begins with the discovery of gold in that part of the country. Colonial-Era America had precious little in the way of domestic mines, leading to a general shortage of metals of all kinds. This situation persisted throughout the Revolution and the early years of the republic.
Minor gold discoveries were made in the region of the Carolinas and Georgia in the early 19th century, but then came a discovery of extensive deposits in Mecklenburg County. This touched off the nation's first gold rush, and the influx of so many miners only increased the rate at which gold discoveries were being made. Things reached a fever pitch during the 1820s and '30s. Eventually, calls went out for the government to create a mint to handle the bullion deposits. One was set up in Charlotte, North Carolina in 1838 and another further South in Dahlonega, Georgia that same year.
Estimated Value $6,000 - 7,000.
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Lot 1349 |
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1839-C $2.50 Classic Head. NGC graded AU-55. Untoned example. 18,140 pieces struck. A lustrous matte-like specimen with resilient underlying luster around and within some of the devices and light golden highlights. From center to periphery, the coin is generally well struck with no hint of weakness at the eagle's neck. Several die cracks noted on either side. The most dramatic extends from the lower reverse rim, just touching the left edge of the 2 in the denomination, up through the eagle and left shield corner through the beak. How this die kept striking coins is a mystery! A very attractive example of an historic Charlotte Mint issue. Pop 36; 88 finer; 72 in 58; 4 in 60; 9 in 61; 2 in 62; 1 in 63. (PCGS # 7699) .
Estimated Value $6,000 - 6,500.
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Lot 1350 |
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1842-D $2.50 Liberty. NGC graded AU-53. Well struck on slightly marbeled surfaces and untoned. All details nice and strong. Only 4,643 minted. Lustrous light yellow gold. Excellently struck -- notably so -- including far more details than average (but not needle sharp) definition on the eagle's neck and shield. A highly important variety. Only a few reported in Mint condition.
The date logotype on the 1842-D is high and more deeply impressed at the top of the date than at the bottom, indicating that the logotype punch was not driven in a true vertical alignment. Very minor traces of repunching under the 1. Reverse has the D mintmark overlapping a feather, with part of the feather visible at the center of the letter and a tiny part of the feather extending from the left of the upright.
Throughout the early 1840s quarter eagles, collectors are confronted with a very small production totals. Nearly all have disappeared, with the result that the population today is very low, possibly existing only to the extent of several dozen specimens. The 1842-D may be in the same league as a rarity with the 1854-D, 1855-D, and 1856-D, and certainly is rarer than the latter two in grades above than Extremely Fine.
The virtual unavailability of such pieces should be emphasized. Stated another way, never in the history of numismatics has anyone ever assembled an Uncirculated set of Dahlonega Mint quarter eagles. Pop 4; 20 finer with 7 in 55, 8 in 58, 4 in 61, 1 in 62 (PCGS # 7725) .
Estimated Value $7,000 - 7,500.
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Lot 1351 |
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1843-C $2.50 Liberty. Small date, crosslet 4. NGC graded MS-61. Well struck and quite lustrous. Struck from slightly buckled dies and untoned. This is the rarest C" mint coin in the series with a mintage of only 2,988. A splendid specimen of one of the more elusive and also most distinctive quarter eagles in the Liberty series. There is a noticeable die bulge at the point of the bust of Miss Liberty, as struck, as always seen, and no doubt this bulge was responsible for the early demise and replacement of this die, seemingly after only so few were struck. Rare this issue is, so rare that the Harry Bass sale offered an AU58 example.
On this variety, the date in small numerals, all in the same size font. The logotype was punched into the die quite high, about three times closer to the neck truncation than to the dentils. The aforementioned bulge is very distinct, and likely was caused during die preparation. Walter Breen writes that the 1843-C Small Date, Crosslet 4 quarter eagles were delivered on April 28, 1843, struck from a pair of dies shipped from Philadelphia on December 23, 1842. The small date numerals are similar to those used 1840-1842. Pop 3; 2 better in 62 (PCGS # 7729) .
Estimated Value $24,000 - 26,000.
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Lot 1352 |
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1844-C $2.50 Liberty. NGC graded MS-61. Well struck on a problem-free planchet, all lightly toned. A total of only 11,622 minted. One of the finest known. Fairly lustrous, intermingled with original orange-gold patina (indicating long careful storage away from harmful elements). A high quality Mint State seldom seen among quarter eagles of this date and mint. High Condition Census.
In his work on the subject, Douglas Winter lists just one known Mint State specimen. Since publication, others have been certified but when comparing the population figures listed below, the number is seen to be very small. The Charlotte specialist will wish to consider this opportunity carefully and bid strongly. A related opportunity may not recur.
(Population numbers should be taken advisedly since such numbers may not actually represent different specimens; often the coins are resubmitted for possible upgrades.)
The date logotype of 1844-C is very deeply punched into the die, and to the left. The top of the 1 touches the base of the neck truncation, while the lower left serif of the 1 touches a dentil. On the reverse the mintmark is large and high, embedded in the arrow feather, with a small part of the feather visible within the upper curve. Pop 5; 5 better in 62 (PCGS # 7735) .
Estimated Value $13,000 - 15,000.
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Lot 1353 |
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1845-D $2.50 Liberty. NGC graded MS-60. Well struck in natural greenish color gold. Some minor marks scattered about, none of which are worthy of mention. A total of 19,460 minted. A prize specimen of this very scarce D-mint issue, and one of the very rare Mint States reported (see below). Clearly, this piece overshadows most of the circulated specimens offered, and it may even surpass a few of the choicer Mint States since the surface here is outstanding.
On the 1845-D, the date logotype lies close to and possibly barely touching the neck truncation, and is notably separated from dentil below, but still close. The logotype was punched deeply into the die at the first part of the date but weaker toward the end. Reflective of hand processes in die making of the era. Reverse with D mintmark into arrow feather, but no traces of feather within the opening. Pop 2; 5 finer, 3 in 61, 1 in 62, 1 in 63. (PCGS # 7738) .
Estimated Value $9,000 - 10,000.
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$7,763 |
Lot 1354 |
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1847 $2.50 Liberty. NGC graded MS-60. Mostly untoned with nice luster and bold relief typical of the well-made P-mint releases of the 1840s. 29,814 minted. Pop 5; 15 finer; 4 in 61; 8 in 62; 3 in 63. (PCGS # 7744) .
The Coronet (Guide Book preference) or Liberty Head or Braided Hair style, by Christian Gobrecht, appeared on the quarter eagle in 1840 and was continued uninterruptedly through 1907, the longest span in American coinage history of a design in use without major change or alterations. The motif was a latecomer to the quarter eagle denomination, a related motif had been used on the $5 beginning in 1839 and the $10 in 1838.
The obverse depicts Miss Liberty, her hair in a bun secured with a string of beads, wearing a coronet inscribed LIBERTY, facing left, her head circled by stars, and with the date below.
The reverse depicts an eagle with a shield on its breast, perched on an olive branch and holding three arrows. The inscription UNITED STATES OF AMERICA, 2 1/2 D. surrounds. The diameter was further reduced from the larger 1821-34 With Motto series and was set at 18mm.
Estimated Value $2,400 - 2,500.
Ex: Bass Collection.
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$2,185 |
Lot 1355 |
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1849-C $2.50 Liberty. NGC graded MS-61. Mostly well struck and basically untoned. Some hairlines and minor contact marks are scattered about, none of which are too serious. Only 10,220 minted. A major rarity in such high grade. Acceptable for the grade. A rarely offered year in Mint condition, far finer than usually seen. David Akers called this date "One of the rarest C-Mint quarter eagles, particularly in high grade." Walter Breen wrote, "Usually VF to EF, prohibitively rare AU." Douglas Winter called the date "Unknown" in Mint State, although several are now recorded, including a PCGS MS64 -- the finest known -- offered by Bowers (but unsold) in a March 2004 sale. Of those that were minted, it appears that nearly all went into circulation, seeing considerable use and becoming heavily worn in the process. The exact story of the present piece is not known, but its very special quality tells us that it was preserved with care, unlike the majority from the Charlotte Mint. NGC Pop 3; none finer. Finest known is a PCGS MS64. (PCGS # 7753) .
Estimated Value $15,000 - 16,000.
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$14,375 |
Lot 1356 |
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1849-D $2.50 Liberty. NGC graded MS-60. Boldly struck in natural greenish color gold and untoned. Some scattered tiny marks about the extreme rims on the reverse. Only 10,945 struck. Highly lustrous. Very well struck on obverse and reverse, notable as such. A beautiful piece which at this level is a rarity. Douglas Winter, in his excellent Gold Coins of the Dahlonega Mint 1838-1861, seems to have forgotten the Fairfield coin in his enumeration, as he states that just a single Mint State piece is known to him. In the years since publication, more than a dozen have surfaced and been certified (with possible duplicates in the database).
Following several years when Dahlonega Mint production was elevated, the quantities for the 1849-D quarter eagle were more modest. Three die pairs were on hand in Dahlonega, but how many die varieties exist has not been researched. As a class, 1849-D $2.50 pieces are elusive in all grades.
Date logotype left and high, about twice as close to the neck truncation as to the dentils. Repunching at the first date digit is more noticeable under high magnification. Reverse mintmark high, with interior about half filled with a diagonal portion of the arrow feather. Pop 4; 10 finer with 3 in 61, 7 in 62 (PCGS # 7754) .
Estimated Value $10,000 - 11,000.
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$8,625 |
Lot 1357 |
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1850-C $2.50 Liberty. PCGS graded MS-61 Pittman. Well struck and problem-free. Attractive greenish-golden surfaces. Identifiable by a few minor scuff marks below OF on the reverse and two marks near the nose and lips. The peripheral details of this uncommonly high grade example are strongly struck as indicated by 13 full stars which show their radial lines. As for the interior devices, there is minor softness below the ear on the lovelock, and some mushiness in LIBERTY on the headband; the eagle's feathers and talons show rounding on the neck and left leg primarily. Attractive green-gold surfaces bathed here and there with light reddish patina. Only 9,148 minted. Pop 3; 1 finer in 62 (PCGS # 7756) .
Estimated Value $10,000 - 11,000.
Ex John J. Pittman Collection.
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$8,913 |
Lot 1358 |
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1850-C $2.50 Liberty. NGC graded MS-61. Mostly untoned. It is a fact that the 1850-C is generally thought to be the second most available C-mint quarter eagle from the 1850s. Nevertheless, the issue becomes increasingly scarce in the higher grades with few Mint State examples offered for sale. The peripheral details on this agreeable coin are much sharper than average, which makes it an example that is strongly struck. Some of the interior areas show some softness, noticeable along the eagle's feathers and talons, but it is important to focus on the fact that the reverse die used here was only activated for a portion of the '50-C production and was its first and only usage. A slight green-gold patina cover the very lightly abraded surface luster for an acceptably high grade. Only 9,148 pieces struck. Pop 14; 3 finer; 2 in 62; 1 in 63. (PCGS # 7756) .
Estimated Value $10,000 - 11,000.
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$9,775 |
Lot 1359 |
 |
1850-D $2.50 Liberty. NGC graded MS-61. Well struck with a nice deep depression. The surfaces exhibit delicate golden sunset toning. We note some tiny marks about the outer rims. Only 12,148 minted. A very scarce year in Mint condition (Bass's was only AU58). Identifiable by a slight rim mark above star 6 and a small field mark (equally insignificant except for provenance tracing) beside star 8. Lustrous honey gold with considerable brilliance and frost through all areas. Better struck than typically encountered circulated specimens of the date, with exceptional eye appeal and fairly strong obverse & reverse details as well. (The typical specimen extant today is Extremely Fine or lower in grade.)
On 1850-D, the date is set far too high and right, piercing the neck of Liberty and distant from the dentils. On the reverse the center of the D mintmark is about 50% occupied by a diagonal part of the arrow feather. Pop 14; 2 finer with 1 in 62, 1 in 63 (PCGS # 7757) .
Estimated Value $10,000 - 11,000.
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Lot 1360 |
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1851-C $2.50 Liberty. . Ex Ashland City. NGC graded MS-61. Light adjustment marks diagonally left on the obverse with all details including the mint mark nice and strong. Minor adjustment marks diagonally right on the reverse. The lustrous surfaces are untoned on this well struck and lustrous ex Ashland City example, where it was described as "One of the better struck examples of this moderately scarce issue with slight softness apparent on the hair curls around the face of Liberty and some weakness on the eagle's left (facing) leg. The green-gold surfaces have subdued mint luster that has taken on a slight reddish tint." Only 14,923 minted. Pop 10; 3 finer in 62 (PCGS # 7760) .
Walter Breen, an authority on the series, reported that of three pairs of dies made available for the coinage this year, just one pair is known to have been used. The date logotype is lightly impressed into die and placed far left, with tip of 1 overlapping the neck truncation. The reverse has the C mintmark high and overlapping the claw (mintmarks were added to the dies after the main device was completed). A feather vein touches lower right of C, below the opening, indicating a particularly high position.
Estimated Value $5,000 - 5,500.
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$6,613 |
Lot 1361 |
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1852-C $2.50 Liberty. NGC graded MS-60. A nice full strike with the usual softness on the eagle's shoulder and leg. The surfaces still retain some luster and all a pleasing untoned greenish color gold. Only 9,772 minted. Date logotype small, assuring plenty of room in the die if properly set. In the present instance the date is somewhat left. On the reverse the mintmark is fairly high, with the triangular projection from the arrow feather extending into the open space within the C. Pop 4; 8 finer with 6 in 61, 2 in 62 (PCGS # 7764) .
Estimated Value $10,000 - 11,000.
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$7,475 |
Lot 1362 |
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1854-C $2.50 Liberty. NGC graded MS-62. A nice untoned example. 7,295 struck. Pure and simple, this is a classic quarter eagle rarity in high grades, especially so in choice Mint State as seen here. Charlotte struck very few of these, virtually all of which made it into circulation and therefore the few survivors are in much lower grades. We note the lustrous, desirable, and definitely un-circulated surfaces of this specimen bedazzle the eye with their vibrant golden glow. Then, too, we see none of the usual haze or dullness over the luster. As to the strike, this specimen really excels. Noted expert Doug Winter wrote in his reference on the series that "Weak strikes are the rule for this date. The obverse is often blurry on the hair around Liberty's ear. The reverse is always weaker than the obverse; the center and eagle's claws are invariably very weak…." We are pleased to say that the hair around Liberty's ear is decidedly sharper than most, especially so given the date, although the reverse shows the expected softness on the eagle's thigh, claws and areas around the shield. Pop 7; 1 finer in 63. (PCGS # 7770) .
Estimated Value $16,000 - 18,000.
Ex: Ashland City.
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Lot 1363 |
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1854-C $2.50 Liberty. NGC graded MS-60. A nice deep impression with all details sharply defined except for the eagle's legs. An untoned example with plenty of luster still visible. We note some light scattered marks, none of which are worthy of mention. Only 7,295 struck. The various branch mint 1854 issues are all rarities, especially in high grades when it comes to the C and D mints. Virtually the entire issue circulated into much lower grades than seen here. We note the surfaces are a bright yellow gold color, and we see none of the haze or toning over the luster. The obverse die shows light clash marks from Liberty's nose and in front of her neck. An American classic, fare and seldom offered in Mint State grades. Pop 5; 13 finer with 5 in 61, 7 in 62, 1 in 63 (PCGS # 7770) .
Die note: All known 1854-C quarter eagles are from a single die pair with the date logotype set high, the peak of the 1 piercing the neck truncation. Some slight evidence of clashing is almost always seen in front of Liberty's nose and neck.
Estimated Value $10,000 - 11,000.
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$7,475 |
Lot 1364 |
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1856 $2.50 Liberty. NGC graded MS-62. Well struck with nice golden toning over lustrous fields and devices. Pop 101; 57 finer; 37 in 63; 11 in 64; 9 in 65. (PCGS # 7777) .
Ominous talk of pending civil war was rampant in 1856, and there was a real feeling of national crisis when Republicans gathered to choose their first presidential candidate at Philadelphia's Musical Fund Hall in mid-June, in the city and the year that this quarter eagle was minted. (The new Republican Party was born in 1854 at a meeting in Ripon, Wisconsin. In part, it was an umbrella party that took in members of the rapidly disintegrating Whig Party, abolitionists, Free-Soilers and anti-slavery Democrats.).
Estimated Value $500 - 525.
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$489 |
Lot 1365 |
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1856-C $2.50 Liberty. NGC graded MS-61. A nice untoned example.Frosty for the issue, as seen here, the bright-gold surface with acceptable level of irregular surface quality, only a few random bagmarks. It is easy to see this piece was not delivered a sufficient blow by the dies, possibly they were worn beyond their normal use period; the strike was imparted left a soft image due to their worn condition.
Winter's book, Charlotte Mint Gold Coins, reinforces by implication our sentiment: "The 1856-C has the dubious honor being among the most poorly struck of all Charlotte quarter eagles. The obverse is especially weak and, sometimes, the ERT in LIBERTY is almost illegible. Most specimens have mint-made depressions (caused by die rust) before the first and between the second and third stars. Another depression, above the eagle's head, is also commonly seen. Others are found struck on granular planchets. The 1856-C is, in high grades, rarer than the more celebrated 1855-C, despite popular belief to the contrary." Only 7,913 minted. Pop 6; 3 finer; 1 in 62; 1 in 63; 1 in 64. (PCGS # 7778) .
Estimated Value $9,000 - 10,000.
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Lot 1366 |
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1856-S $2.50 Liberty. PCGS graded MS-64. Boldly struck with lovely even golden toning on both sides. A most elusive coin to find in this pleasing grade, and this is without doubt one of the top dozen or so left in coin collections. The strike is complete on the obverse stars and curls of Liberty, with similar clear detail on the eagle's shield and claws. A regal eagle with his bold wing feathers. Satiny luster swirls and undulates. Attractive pale orange-gold in color. Few Mint State survivors retain such fantastic surfaces and the quality seen here would be hard to duplicate, as most have far abrasions and other marks. A special prize for the patient enthusiast of this $2.50 gold series, and a coin which any collector would be proud to exhibit at coin shows. 72,120 struck. Pop 4; 3 finer; 2 in 65; 1 in 67. (PCGS # 7781) .
The 1856-S is the earliest collectible San Francisco Mint coin of this denomination, the 1854-S being for all practical purposes unobtainable. Most examples show extensive wear, and today the typical grade on the market is apt to be VF to EF.
Estimated Value $12,000 - 13,000.
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$10,925 |
Lot 1367 |
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1858-C $2.50 Liberty. NGC graded MS-62. Well struck and untoned. We note some minor planchet roughness around the eagle as made. This was probably caused by debris on the die when struck. A few scattered hairlines and marks appear on both sides; nonetheless, plenty of frosty mint luster remains to justify this lofty grade. Only 9,056 minted. Given the low mintage, one might assume this is a very rare issue, but the 1858-C is the most often seen C-mint quarter eagle produced in the 1850s. That by no means says it is common in Mint condition, far from it. The high level of preservation should encourage a lot of bids, as Winter reports a Mint State population of only 6-8 coins and the current census is only slightly higher: Pop 13; 2 finer in 63 (PCGS # 7787) .
Estimated Value $10,000 - 11,000.
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$8,050 |
Lot 1368 |
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1859-D $2.50 Liberty. NGC graded MS-61 PQ. A splendid deep bold impression with intensely lustrous surfaces throughout. An untoned beauty and a Premium Quality coin for the grade. One of the key rarities in the Dahlonega mint series. Only 2,244 minted. An exceptional specimen, a Condition Census piece. First of all, the grade is far from the usual Very Fine or Extremely Fine 1859-D, and in fact, it ranks close to the highest echelon. Further, and perhaps as important, the coin has a far above average strike. Scholars have made special note that the dentils of the various C and D mint quarter eagles and few are this separated and distinguishable, this being different than the typical mushy coin. In addition, the piece has a beautiful overall aesthetic appeal -- a splendid specimen.
Probably not more than 100 to 200 survive from the original mintage. The obverse die notably basined during manufacture, giving a concave look, and the date is set quite low. On the reverse the D is deeply set into the die and high, with the feather details occupying the upper left 50% of the center. The master die is boldly impressed into the working die, giving all letters and other features special prominence. Pop 6; 2 finer in 62 (PCGS # 7789) .
Estimated Value $15,000 - 17,000.
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Lot 1369 |
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1860 $2.50 Liberty. Old reverse. PCGS graded MS-62. In PCGS holder 10897669. Well struck with delicate golden-yellow toning that adds to its appeal. Many times rarer than the new hub reverse. On the old-style hub of 1840-58, the lowest arrowhead almost touches CA, and the arrowheads are long; talons closed So scarce was this variety when Breen published his all-encompassing Encyclopedia in 1988 that he described the "Type I" rev. as "Possibly exists." Apparently most 1860 P-mint quarter eagles of both varieties were melted. Pop 3; 4 finer in 64. Only 18 examples graded at PCGS for the variety (PCGS # 97791) .
The 1860 Old Reverse Quarter Eagle lay undiscovered until the 1990s. As such, it is the newest addition to the trio of rare Old Reverse issues from the 1859-1861 era.
Estimated Value $4,500 - 5,000.
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$4,025 |
Lot 1370 |
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1860-C $2.50 Liberty. NGC graded MS-62. Well struck and untoned. A couple of minor planchet flaws as made, one behind the head of Liberty and another left of the eagle. These are mentioned only for accuracy and do not deter from the attractiveness of this coin.
From the Ashland City description: "Final year of issue for C-mint Quarter Eagles and, being produced at a Southern Mint, immensely popular as such. Just 7,469 pieces were minted, yet the '60-C ranks in the bottom half of the twenty Charlotte issues of this denomination for both overall rarity and high grade rarity. Still, locating a high grade example with decent eye appeal can be quite a challenge. This remarkably preserved example has bright, yellow-gold surfaces that are modestly reflective, with a few scattered field marks along with the planchet flaking and roughness common to virtually all known examples. High on the list of Condition Census survivors and an important Charlotte Quarter Eagle for the serious collector." Pop 3; 2 finer in 63 (PCGS # 7792) .
Estimated Value $16,000 - 18,000.
Previously from Heritage 1/2003:4714; Ex Ashland City, $16,100.
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Lot 1371 |
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1861 $2.50 Liberty. NGC graded MS-61. Untoned. Nice mint luster emits like from the surfaces, giving the coin a shimmering, glowing appearance. The original mint brilliance is only diminished a little by an occasional mark or hairline below STATES OF or around the denomination. Pop 4; 1 in 62; 1 in 63.
Estimated Value $650 - 700.
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| Realized
$719 |
Lot 1372 |
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1862 $2.50 Liberty. PCGS graded AU-50 PQ. Housed in an Old Green Holder. A still very lustrous Liberty quarter eagle, a coin with warmly toned frosted surfaces and a strike that is amazingly sharp for the period of the Civil War. All things point to the present specimen having spent much of its life in an old style coin album or envelope, away from harsh handling. Pop 15; 49 finer (PCGS # 7796) .
Estimated Value $1,700 - 1,800.
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Lot 1373 |
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1863-S $2.50 Liberty. NGC graded MS-61. An untoned example. When seen, the 1863-S Liberty quarter eagle is typically well worn. In fact, Walter Breen knew of only two Mint State coins, an appropriate comment with regard to the value of Mint State coins during the 40+ years he was active in numismatic research. Even AU pieces are quite elusive. This attractive BU has bright reddish gold color. Luster still prevails in wide open areas as well as throughout the major devices. Type I hub as normal for the issue.
For the advanced collector this is, indeed, a very "special" 1863-S. Few equivalent pieces have ever passed through our hands. 10,800 minted. Pop 5; 1 finer in 62. (PCGS # 7799) .
Estimated Value $9,000 - 10,000.
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$9,775 |
Lot 1374 |
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1868 $2.50 Liberty. NGC graded MS-61. Well struck and lightly toned. One would be hard pressed to locate a more original Mint State 1868 quarter eagle, even if one were in technically higher numerical grade. The cleanly frosted, rotating golden surfaces, like summer sundown, provide a surge of warm mint color. Scarce low-mintage P-mint year: Only 3,600 struck. Pop 13; 2 finer in 62 (PCGS # 7807) .
Estimated Value $1,800 - 1,900.
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$1,725 |
Lot 1375 |
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1869 $2.50 Liberty. NGC graded MS-61 Prooflike. Popular low mintage date. A nice untoned coin. Shimmering reddish gold hue with mirrorlike surfaces on obverse and reverse, closely resembling a Proof strike. A rarity by any accounting, due to its low production. All business strikes have a high date and were made from a single die pair. (In contrast, Proofs have the date logotype positioned low on the die.) An excellent value for the price paid since many of these low mintage issues now exceed the range of their current published retail listings. The true rarity and potential of many issues in this era are not recognized. Only 4,320 minted. Pop 3; none finer at NGC.
Estimated Value $3,000 - 3,300.
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| Realized
$2,645 |
Lot 1376 |
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1870-S $2.50 Liberty. NGC graded AU-58. Well struck and delicately toned with ample luster in the fields and throughout the devices to easily justify this choice, desirable grade. Scarce. Only 16,000 struck. Pop 24; 12 finer (PCGS # 7812) .
Estimated Value $1,600 - 1,700.
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Lot 1377 |
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1872 $2.50 Liberty. NGC graded AU-58. Nice golden toning, lustrous and well struck. Only 3,000 minted of this very scarce Philadelphia Mint issue. Pop 21; 12 finer; 6 in 61; 3 in 62; 3 in 63. (PCGS # 7815) .
Estimated Value $2,100 - 2,300.
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Lot 1378 |
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1879 $2.50 Liberty. PCGS graded MS-63. Lovely golden toning. Only 88,960 pieces minted. Pop 82; 62 finer, 49 in 64, 8 in 65, 5 in 66 (PCGS # 7830) .
Estimated Value $600 - 650.
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$748 |
Lot 1379 |
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1886 $2.50 Liberty. NGC graded Proof 62 Cameo. A hint of light gold tone. Bright mint color and attractive, almost pulsating golden mirrors with a few light hairlines present. This is a well-struck Proof example with sharp details. It has no bothersome scuffs or tarnish spotting. Only 88 Proofs struck. Pop 4; 12 finer; 1 in 63; 2 in 64; 4 in 65; 4 in 66; 1 in 67. (PCGS # 87912) .
Estimated Value $5,000 - 5,500.
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$5,003 |
Lot 1380 |
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1886 $2.50 Liberty. NGC graded Proof 61. Light handling marks in the fields. Much of the mirror surface still intact on both sides; sharp stars and other details. Low mintage date as only 4,000 business strikes were make and 88 Proofs struck. Pop 1; none finer at NGC as a non cameo. Only 2 Proof examples graded by this service. (PCGS # 7912) .
Estimated Value $3,500 - 3,800.
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$4,140 |
Lot 1381 |
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1888 $2.50 Liberty. NGC graded Proof 63 Ultra Cameo. Mostly untoned and well struck. Both sides put on view the distinctive "look" for this Proof delivery: smoothly frosted devices, rolling watery effects in the fields, and boldly struck devices. There is nothing hesitant about this Proof. Moving along, we can gladly report a highly presentable Ultra Cameo frost on the devices, with boldness to everything, especially the stars and central motifs. Only 97 Proofs struck. Pop 1; 2 finer; 1 in 67 Star; 1 in 68.
Estimated Value $6,000 - 7,000.
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$6,900 |
Lot 1382 |
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1896 $2.50 Liberty. NGC graded Proof 63 Cameo. Fully brilliant with a hint of light green tone. A thrilling example of this always-popular Type in Proof condition. This exceptional coin has a light overlay of color and is very boldly struck, including exactitude rarely found on a business strike (which is why collectors who can afford to go for Proof collecting). Only 132 minted. Pop 5; 32 finer; 10 in 64; 10 in 65; 5 in 66; 6 in 67; 1 in 68. (PCGS # 87922) .
Estimated Value $5,000 - 5,500.
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$5,175 |
Lot 1383 |
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1898 $2.50 Liberty. NGC graded Proof 63 Cameo. Lovely golden toning. Some light handling marks. Color is mostly orange-gold in shade, but flickers of copper tinted iridescence can be found. Devices were struck with energy and full oomph by the dies imparting all design elements boldly is typical for Proofs in the later 1890s. Devices well frosted. 165 pieces minted. Pop 8; 34 finer; 11 in 64; 7 in 65; 9 in 66; 6 in 67; 1 in 68;. (PCGS # 87924) .
Estimated Value $5,000 - 5,500.
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$5,520 |
Lot 1384 |
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1899 $2.50 Liberty. NGC graded Proof 67 Ultra Cameo. Star. Beautiful golden toning. An impressive cameo jewel with richly textured, ultra frosted devices set against deep molten pools of reflective gold. From top to bottom, the surface ripples with watery reflection. Considerably fewer than the original mintage in Proof exist today, and far too few Superb Gems like this to satisfy the ever-growing demand. Of the extant specimens, the present coin sits serenely with few others. To see this coin is to fall in love with it! 150 minted. Pop 6; 8 finer; 7 in 68; 1 in 68 Star.
Estimated Value $30,000 - 35,000.
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$32,200 |
Lot 1385 |
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1902 $2.50 Liberty. NGC graded Proof 66. Brilliant gem Proof in a new NGC 4 prong holder. 193 struck. This handsome Proof quarter eagle is very bright with profuse glitter and flash on the devices, chiefly so on Liberty's face as well as all the way through the fields. The fields themselves should give hours of enjoyment to the viewer with their mirror quality and full custody of all the freshness communicated to the coin by the dies. These later Proofs were struck painstakingly. Even the tiniest recesses of the dies were brought forth on each coin, hence Liberty's hair curls are stacked high, the central star angles crisp and detailed, while the eagle's feathers shine with full golden perfection. Special quality like this symbolizes a high water mark in American coining craft of the early 20th century. United with the desirable frosted cameo finish and strong Proof-66 grade, this is a coin which any collector will crave. Astonishingly, from the trivial mintage, a fair number show up in the census. Pop 8; 4 finer; 4 in 67. (PCGS # 7928) .
Estimated Value $15,000 - 17,000.
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$16,100 |
Lot 1386 |
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1902 $2.50 Liberty. NGC graded Proof 62. A nice coin with even light golden toning. Splendidly lustrous, both sides of this brilliant example exhibit oscillating mirror effects. If one were to take a poll, we'd see that the strike is nonstandard for the issue in being sharp with the excellent metal flows on both sides into the deepest die recesses; in other words, a very bold strike. 193 minted. Pop 8; 58 finer; 16 in 63; 22 in 64; 8 in 65; 8 in 66; 4 in 67. (PCGS # 7928) .
Estimated Value $3,200 - 3,400.
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$3,680 |
Lot 1387 |
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1903 $2.50 Liberty. NGC graded Proof 61. A nice brilliant example with "all brilliant" finish, the devices as well as the fields given a mirror polish by the dies during striking. Some light hairlines Only 197 Proofs struck. Pop 7; 69 finer. (PCGS # 7929) .
Estimated Value $3,100 - 3,300.
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| Unsold |
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