Lot 4556
1846-O $2.50 Liberty. PCGS graded MS-62. Mostly well struck. A trifle soft on the forehead curls and on the eagles legs as usual. The lustrous surfaces are frosty and light golden-orange in color. A very high grade example for this elusive issue. Fits well within the condition census. Only 62,000 pieces struck.
1846-O has a deeply punched logotype, with repunching within the last digit, seemingly Breen's "overdate," Breen-6186, described as "Repunched 4, microscopic traces of 4 within 6." Regarding this characteristic, Douglas Winter in New Orleans Mint Gold Coins: 1839-1909, commented: "It has long been claimed that an 1846/44-O overdate exists. In my opinion, such pieces are not overdates…" What, then, is under the final 6? Upon examination it appears that the logotype was shifted, and a repunching occurred. Reverse with O mintmark high. Pop 3; 2 finer, 1 in 63, 1in 64 (PCGS # 7743) .
Estimated Value $8,000 - 8,500.
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| Realized $10,638 |
