2007

1839-O $2.50 Classic Head NGC MS61

Currency:USD Category:Coins & Paper Money / US Coins Start Price:4,250.00 USD Estimated At:NA
1839-O $2.50 Classic Head NGC MS61
1839-O $2.50 Classic Head. NGC graded MS-61. Well struck and frosty. Only 17,781 minted of which merely 400 examples are estimated to have survived. This piece exhibits an exceptional sharpness of strike for an early date Quarter Eagle from the New Orleans Mint, and there really is no significant lack of detail to report. Some of the stars may be rounded a little, but this is a minor thing. Satiny in sheen with splendid bright-golden color, the surfaces are also praiseworthy due to a general lack of sizeable or otherwise individually distracting abrasions. There is a faint die break connecting the rim with the I of UNITED and passing along to the end of a leaf in the reverse.

The first Quarter Eagle issue from the New Orleans Mint, the 1839-O is also the only O-mint delivery of the Classic type (to include also the Classic Half Eagle). It is a scarce issue in an absolute sense with, as referred to above, Doug Winter (2006) accounting for only 350-400 survivors from a mintage of 17,781 pieces. Mint States are conditionally rare and seldom encountered in numismatic circles. Pop 20; 30 finer, 14 in 62, 11 in 63, 5 in 64 (PCGS # 7701) .
Estimated Value $9,000 - 10,000.

Provenance: The Dandelion Collection.