9097

1848 $2 1/2 CAL.--Genuine, Polished--ANACS

Currency:USD Category:Coins & Paper Money / US Coins Start Price:1.00 USD Estimated At:1.00 - 1,000,000.00 USD
1848 $2 1/2 CAL.--Genuine, Polished--ANACS
<table><tr><td><table><tr><td>1848 $2 1/2 CAL.--Genuine, Polished--ANACS (XF40 Polished). Struck from native ore brought directly from the California gold fields shortly after the discovery of the precious metal by James W. Marshall at Sutter's Mill on the American River, the 1848 CAL. quarter eagle is one of the most famous and popular of all U.S. coins. It is considered by many to be this nation's first commemorative coin, and given the intent and the counterstamp it is surprising that more were not saved at the time of issue. Only 1,389 pieces were originally marked with the "CAL." counterstamp after the shipment of California gold was sent to Philadelphia by the Secretary of War W.L. Marcy, and analysis of past auction records and other data indicates that an estimated 150 pieces have survived in all grades. This piece is unnaturally prooflike from polishing, and the bright surfaces have several tiny contact marks that possibly occurred during past service as jewelry. <BR><BR><B>Important notice:</B> Heritage usually auctions material at the rate of 200-250 lots per hour. On some occasions eBay Live bid software or the Internet may not be able to keep up with the pace of the auction. We recommend placing a realistic absentee bid now as insurance to avoid disappointment. Occasionally the auctioneer may eliminate or reject an eBay Live bid, and the auctioneer may also reopen a lot after the close of the eBay live bidding (usually because we missed an audience bid), and may reject your bid even if it shows you as the winning bidder. By bidding via eBay Live, you agree that Heritage may award the lot to another bidder at its sole discretion under the circumstances described above or any other reasonable circumstances. Since eBay bids are not shown to us until we open the lot on the floor, we treat those bids just like floor bids. In most cases the floor responds before the eBay bid is presented to us, due to Internet lag time, so for consistency we have made it a policy that floor bids are always considered first over tie eBay live bids. Also please note that all Heritage lots purchased through eBay Live carry a 20% Buyer's Premium. Please make sure you read the Terms and Conditions before you bid. <BR><BR><B>IMPORTANT ANNOUNCEMENT ABOUT RESERVES:</B> Heritage now divulges all reserves on its web site 7 days before every auction. If you want to know whether the reserve on this lot has been met, and if not, what the reserve amount is, please visit this lot page on the HeritageCoin.com web site, or email: bid@HeritageGalleries.com </span></font></td></tr></table></td></tr></table>