Lot 1208
1856-C $2.50 Liberty. NGC graded MS-61. A nice untoned example.Frosty for the issue, as seen here, the bright-gold surface with acceptable level of irregular surface quality, only a few random bagmarks. It is easy to see this piece was not delivered a sufficient blow by the dies, possibly they were worn beyond their normal use period; the strike was imparted left a soft image due to their worn condition.
Winter's book, Charlotte Mint Gold Coins, reinforces by implication our sentiment: "The 1856-C has the dubious honor being among the most poorly struck of all Charlotte quarter eagles. The obverse is especially weak and, sometimes, the ERT in LIBERTY is almost illegible. Most specimens have mint-made depressions (caused by die rust) before the first and between the second and third stars. Another depression, above the eagle's head, is also commonly seen. Others are found struck on granular planchets. The 1856-C is, in high grades, rarer than the more celebrated 1855-C, despite popular belief to the contrary." Only 7,913 minted. Pop 6; 3 finer; 1 in 62; 1 in 63; 1 in 64. (PCGS # 7778) .
Estimated Value $8,000 - 8,500.
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| Realized $7,360 |
