Lot 1368
1839-C $2.50 Classic Head. PCGS graded MS-61 PQ. In PCGS holder 08892971. A splendid example that is loaded with frosty mint luster. We note heavy recutting in the numerial 3 and a bisecting die crack from star two thru the chin. Lovely original surfaces of olive color gold and lighter highlights.
Mintmark on obverse above the date. The light yellow gold luster is 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. PCGS #08892971.
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.
Only 18,140 struck. Pop 1; 2 in MS-62 (PCGS # 7699) .
Estimated Value $27,000 - 29,000.
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