Lot 3195
1839-C $2.50 Classic Head. NGC graded AU-55. Untoned; some light field abrasions and hairlines typical for the issue. Sharp devices and clear date with mintmark. Only 18,140 struck. The mintmarked issues of this year, 1839-C, 1839-D, and 1839-O, are all scarce, with the typically encountered grade being Very Fine or, with some looking, Extremely Fine. Any coin in About Uncirculated or finer grade is a rarity. At the time, the numismatic community -- comprising of no more than a couple hundred widely scattered enthusiasts -- took no note of mintmarks, and not even the Mint Cabinet saved specimens. Pop 36; 78 finer at NGC. (PCGS # 7699) .
Rather than being an overdate, the 1839-C is better described as a repunched date, in our opinion. 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.
Estimated Value $9,000 - 10,000.
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