3089

1839-O $2 1/2 MS61 NGC

Currency:USD Category:Coins & Paper Money / US Coins Start Price:10,500.00 USD Estimated At:1.00 - 1,000,000.00 USD
1839-O $2 1/2 MS61 NGC
<B>1839-O $2 1/2 MS61 NGC.</B></I> High Date, Wide Fraction, Breen-6152, McCloskey-A, R.4. A lustrous and boldly struck example of this popular issue, the only New Orleans date of the Classic Head type. A couple of faint marks on Liberty's neck do not distract, and there are no other remotely mentionable abrasions. Stars 11 and 12 are nicely repunched, and a mint-made die crack connects the denomination to the I in UNITED. Because the country needed coinage in the channels of commerce after years of hoarding prior to the Mint Act of 1834, Classic Head gold circulated freely. Also, as a general rule, coins struck in New Orleans circulated heavily and were rarely saved in Uncirculated condition. As a result, pieces such as this are infrequently encountered and always needed by collectors.<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>)