Lot 1477
1842-C $2.50 Liberty. NGC graded AU-53. Mostly untoned. A splendid lustrous specimen, above average in striking (although with some weakness at a few places in the design). Pleasing color, almost entirely brilliant. A highly rated piece that sits exactly in the Condition Census. A prize for the connoisseur and specialist.
For a long time, the 1842-C was an underrated date, often forgotten about since it is overshadowed by several "great rarities". But the fact remains, this is one of the rarest Charlotte quarter eagles. Like its immediate predecessor, 1841-C, this date is often found weakly struck. And any specimen graded Very Fine is considered a "find."
According to researches by the Harry Bass Foundation, on December 22, 1841, a single obverse die for the 1842-C quarter eagle was shipped to Charlotte from Philadelphia, followed by another obverse on March 11, 1842. The date logotype on this is very deeply impressed into die, and slightly high. The reverse has the upper right of the mintmark implanted over an arrow feather. Tiny crack from left border to eagle's wing tip. Only 6,729 coins struck. Pop 8; 19 finer, 8 in 55, 8 in 58, 2 in 61, 1 in 65 (PCGS # 7724) .
Estimated Value $6,000 - 6,500.
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