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

1856

1838-C $2 1/2 MS62 PCGS

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 MS62 PCGS
<B>1838-C $2 1/2 MS62 PCGS.</B></I> Variety 1-A, R.3. One die pair was used to strike the 1838-C. All show strong repunching on the mintmark, which was first placed to low (Douglas Winter, <I>Gold Coins of the Charlotte Mint, 1838-1861</B></I>, 1998). Winter notes that late die states are known; these show two to three die cracks on the reverse. The MS62 specimen offered in this lot is an early die state, as it is without such cracks.<BR> The 1838-C, with a mintage of 7,880 coins, is usually found in Very Fine and Extremely Fine grades. It is rare in About Uncirculated and very rare in Mint State. Winter estimates 80 to 90 pieces extant, with 33 to 36 coins in VF, 22 to 26 in XF, 18 to 20 in AU, and 7 to 8 in Uncirculated. The certified population data seem to point to a somewhat higher number of survivors, as PCGS and NGC combined have graded about 135 pieces. It is likely that a number of these, however, represent resubmitted coins. In any event, 15 pieces fall into the Mint State range, mostly MS60 to MS62. No Gem-quality pieces have been seen.<BR> The coin in this lot displays bright yellow-gold surfaces with subtle greenish hues. The fields are partially prooflike, and yield noticeable contrast with the motifs when the coin is rotated beneath a light source. A better-than-average strike brings out sharp definition on the design features, including nearly full detail in the hair about the ear, which is typically weak. The radials show in some of the stars, an unusual trait for this issue in which the star centers are normally weak. A few handling marks are scattered about, another characteristic of the 1838-C. These do not, however, significantly detract from the overall eye appeal. Population: 2 in 62, 2 finer (9/07).<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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