Lot 1757
1839-C $2.50 Classic Head. PCGS graded MS-61. Mintmark on obverse above the date. Light yellow gold still evident in the protected areas merging into warm orange shades of "old gold" toning on the topmost design and throughout much of the field, very pretty, and with indications of extra careful handling and preservation over the years. Probably the net result of loving ownership by its former admirers. Sharply struck with a wealth of detail, this scarce issue has extraordinary importance as the first quarter eagle from the newly opened Charlotte Mint. Three die varieties are described below, this example being variety C.
Rather than being an overdate, this is better described as a repunched date, in our opinion. On the present piece a tiny line or crack connects the left tip of the shield to the eagle's beak, and there are other die cracks noted as well.
Identification of three die varieties:
A: Mintmark over left half of digit 3. Tip of branch stem over right upright of D. Usually cracked, neck to right wing.
B: Mintmark over left half of digit 3. Tip of branch stem over left edge of D. Usually cracked through E of STATES.
C: Mintmark over space between 83. Usually cracked, left shield tip to beak.
The only mint state example ever graded by PCGS. 18,140 coins minted. Pop 1; finest graded, recently slabbed. (PCGS # 7699) .
Estimated Value $30,000 - 35,000.
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