LOT Old Heritage Auctions  /  2007 NOV Dallas, TX US Coin Signature #452  / 

1855

1838-C $2 1/2 AU58 NGC

Currency:USD Category:Coins & Paper Money / US Coins Start Price:1.00 USD Estimated At:1.00 - 100,000.00 USD
1838-C $2 1/2 AU58 NGC
<B>1838-C $2 1/2 AU58 NGC.</B></I> Variety 1-A, R.3, the only known die pair. The 1838-C quarter eagle is an extremely popular coin among early gold enthusiasts. It is a first-year-of-issue and one of just two Charlotte quarter eagles that use the Classic Head, obverse mintmark design. All known examples exhibit a repunched mintmark, that was initially entered too low.<BR> Writing in his Charlotte Mint gold coins reference (1998), Douglas Winter says the 1838-C quarter eagle "... is rare in About Uncirculated and very rare in Uncirculated." The population reports bear this out, even though the NGC/PCGS population distribution peaks in the better grades of About Uncirculated (AU55 and AU58). This skewing of the population data undoubtedly results from repeated resubmissions in an attempt to attain Mint State grades.<BR> The AU58 example in this lot displays excellent definition on the design features. Liberty's hair is particularly sharp, as is the eagles plumage, save for the upper parts of the left (right facing) wing. The surfaces are a bright yellow-gold, and retain traces of luster in the recesses. A few marks are noted on the obverse, but all in all, the coin fares better than most examples of the issue, of which Winter contends: "Nearly all 1838-C quarter eagles have very scruffy surfaces. The fields often show numerous digs and scratches."<BR><BR><B>Coin Engraver:</B> William Kneass<BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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