Lot 3675
1840-O $2.50 Liberty. PCGS graded MS-62. Nice luster with lovely gold toning. Only 33,580 struck. Pop 7; none higher at PCGS. Some light striking at the centers, as definitive on authentic pieces, a coin possessing lovely mint frostiness overlaid by original toning. The color is greenish-gold on this handsome early branch mint quarter eagle. Rarely is this date found in described as Choice Brilliant Uncirculated. In fact, the quality we offer in this lot makes it a superb contender for top honors, barring the MS64 (PCGS) Harry Bass piece sold in the latter part of the 1990s.
The mintage of 1840-O quarter eagles, some 10,780 coins in all, quickly and unobtrusively passed into the circulation, where most pieces became worn. A typical grade seen today is Very Fine or, if chance permits, Extremely Fine. There was little numismatic purchase of gold coins in the 1840s, which means that the survival of the present MS62 was a rare happenstance! For the quarter eagle specialist this represents a milestone in acquiring a top-quality set of Liberty quarter eagles.
Date logotype deeply impressed into the die and quite high, about three times closer to the neck truncation than to the dentils. On the reverse, a large O mintmark, as usually seen, the mintmark tucked in tight to the tip of the tail feather (PCGS # 7720) .
Estimated Value $12,000 - 14,000.
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| Realized $13,800 |
