Lot 2337
1838-C $2.50 Classic Head. PCGS graded AU-55. Nice strike with gold toning. Pop 12; 12 finer by PCGS. A well respected rarity in grades of AU or finer, the 1838-C quarter eagle was struck to the tune of 7,880 pieces, most of which paid their dues as cash-making change in circulation, becoming well-worn, down to the Very Fine grade or so, before finally being extracted from circulation or returned to the mint for melting. As Douglas Winter noted in his Charlotte Mint reference, this date "is usually seen in VF and EF grades. It is rare in AU and very rare in Uncirculated." A small number of Uncirculated 1838-C quarter eagles have survived, as indicated by the PCGS and NGC census reports (PCGS # 7697) .
Estimated Value $7,000 - 8,000.
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| Realized $11,500 |
