Lot 2068
1839-C $2.50 Classic Head. PCGS graded AU-55. Lovely golden toning. Only 18,140 pieces struck. This date is notable for two features visible to the naked eye: extensive die cracks running hither and yon on both sides (how could the dies have kept together!), and multiple cuttings on the 39 of the date. We note a light hairline across the open space above the eagle. Luster in all protected areas. While a relatively common coin in worn grades, the '39-C is very elusive in solid AU55 condition with few pieces known (PCGS # 7699) .
Historic note: The story of the Charlotte, North Carolina Mint begins with the discovery of gold in that part of the country. As the area grew in both wealth and prestige, there was soon agitation on the part of North Carolina's congressional delegation to establish a branch of the United States Mint at Charlotte, the seat of Mecklenburg County. From 1838 to 1861 (when it was closed permanently at the start of the Civil War) Charlotte struck gold coins exclusively, in denominations of $1, $2.50, and $5. Mintage tended to be low in most years, with 1838-C and 1839-C distinctive for their head style and placement of the mintmark on the obverse (above the date), as well as for their rarity.
Estimated Value $6,500 - 7,000.
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| Realized $8,050 |
