Lot 2397
1802 $2.50 Capped Bust. 2 over 1. NGC graded MS-63. A choice, bright-yellow example with nice, coppery toning on both sides. Typical central weakness, as seen on most examples of this date. Free from any adjustment marks. One of the top dozen survivors out of an original mintage of a mere 3,035 coins. NGC reports 9 in this grade, exceeded only by a single MS-65 (most likely the Pittman coin). Nice, original early gold such as this specimen is truly rare and being devoured up by increasing demand.
Although called an 1802/1 overdate, close examination of this high grade example shows no trace of an underlying 1. Admittedly, a thin line connects the upper tip of the 2 with the curve beneath, but this appears to be more of a die defect than an undertype. Breen also questioned this "overdate", noting that the only reason it is considered at all is because of the 1802/1 Half Eagle, which is a true overdate.
Estimated Value $35,000 - 40,000.
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| Realized $50,600 |
