Lot 1273
1862/1 $2.50 Liberty. PCGS graded MS-62. One of the very finest known of this rare overdate issue, PCGS has graded just 2 coins this high, with none graded higher. When Walter Breen wrote his Encyclopedia (published in 1988), he noted about this date "Possibly 12 known, none Unc." Today, a few more have turned up, but this is certainly amongst the best! The surfaces are highly lustrous and the bagmarks are typical for the grade. As to the overdate, it is clear with the aid of a glass. Discovered by Aubrey E. Bebee in 1962, it took 100 years since the date of issue to notice this curious feature. Certainly a foremost opportunity to purchase a very rare coin. Identifiable by a minor surface mark in the field above the last two stars and a copper spot below the denomination on the reverse.
Estimated Value $8,000 - 10,000.
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| Realized $7,475 |
