Goldberg Coins and Collectibles



Sale 72


 
 
press UP arrow key to increase the zoom ratio.
press DOWN arrow key to decrease the zoom ratio.
press RIGHT arrow key to increase the zoom window size.
press LEFT arrow key to decrease the zoom window size.

Lot 1694

1848. CAL Above Eagle. NGC graded AU-58. Only 1,389 minted. Very popular. A landmark rarity in the Liberty Quarter Eagle series, the 1848 CAL. is also a historically significant issue as the first true Commemorative coin struck in the United States Mint. "The story of this issue begins with James Marshall's discovery of gold in California's American River on January 24, 1848," explains Bowers. "At the end of that year (on December 9, to be exact), Colonel R. B. Mason, the military governor of California, sent 230 ounces of the precious metal to Secretary of War William L. Marcy on the East Coast. Marcy, in turn, forwarded the bullion to the Philadelphia Mint where it was used to strike 1,369 1848-dated Liberty Quarter Eagles. To distinguish these coins from the other 6,500 1848 Quarter Eagles struck in the Philadelphia Mint, and also to commemorative Marshall's important discovery, the 1,369 special examples were stamped with the abbreviation CAL. in the reverse field above the eagle while the coins were still in the die."

Exactly how many examples have survived is a matter of debate, but we believe that only 85-100 coins are known in all grades. A few of the higher-grade pieces are Prooflike, which is the first significant physical attribute of the present near-Mint example. Both sides also possess handsome color that alternates between khaki-gold and orange-gold shades as one rotates the coin under a light. Abundant mint bloom is also present here and there, most noticeably around Liberty and the eagle. Overall bold, if not sharp in strike, the only pedigree marker of note is a small mark in the field below the 9th star. Graded a desirable NGC AU58, this lovely example would serve as a centerpiece in the finest numismatic holding. Pop 9; 20 finer (PCGS # 7749) .
Estimated Value $50,000 - 55,000.

 
Realized $52,900
 



Go to lot:  


Home | Current Sale | Calendar of Events | Bidding | Consign | About Us | Contact | Archives | Log In

US Coins & Currency | World & Ancient Coins | Manuscripts & Collectibles | Bonded CA Auctioneers No. 3S9543300
11400 W. Olympic Blvd, Suite 800, Los Angeles CA 90064 | 310. 551.2646 ph | 310.551.2626 fx | 800.978.2646 toll free

© 2011 Ira & Larry Goldberg Coins & Collectibles, All Rights Reserved
info@goldbergcoins.com