Lot 2126
1842-C $2.50 Liberty. NGC graded AU-58. Lightly toned golden-orange. A solid ranking within the grading census, and a decided rarity among Charlotte quarter eagles. Rarely does this C-mint date shows up in major auctions. The infrequency is easily explained. Exactly 6,729 pieces were originally produced, and the survival ratio is quite low, with most examples grading Very Fine or so, and then typically weak, marked, or humdrum in appearance. This coin is a lustrous orange-gold with deeper orange frost in the recessed areas. The strike, while not full (and it never is) is adequate and consistent over both sides. This coin possesses a remarkable combination of notability and rarity. Pop 8; 2 in 61; 1 in 65.
Quarter eagles were struck at Charlotte from 1838 through 1860, with the exception of 1845, 1853, 1857 and 1859. The totals struck varied from a low of just 3,677 pieces in 1855 to as many as 26,064 in 1843. In an era when the Philadelphia Mint might produce more than a million quarter eagles in a single year, it's plain to see that all such coins from the Charlotte Mint are rare.
Estimated Value $8,500 - 9,500.
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| Realized $8,338 |
