Lot 1511
1865 $2.50 Liberty. PCGS graded AU-55. Only 1,545 struck. A date that seldom appears in auctions. Well struck and lightly toned. A lovely high-grade business strike, and a rarity as such. Few were made for circulation, of which only a small number, a mere handful exist. Walter Breen poignantly observes: "Rarer than Proofs, unknown Uncirculated." Not only is the 1865 $2.50 a rarity in an absolute sense, the coin offered in this lot is of consistent visual beauty, inasmuch as the rich gold surfaces display a hint of prooflike character.
The date logotype deeply punched into working die and placed high. As best we can tell, this is the only obverse die used for business strikes this year. Pop 3; 7 finer, 6 in 58, 1 in 63 (PCGS # 7801) .
Estimated Value $15,000 - 17,000.
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| Realized $15,238 |
