2181

1862 $2.50 Liberty

Currency:USD Category:Coins & Paper Money / US Coins Start Price:20,000.00 USD Estimated At:40,000.00 - 50,000.00 USD
1862 $2.50 Liberty
<Our item number 109073><B>1862 &#36;2.50 Liberty. NGC graded Proof 65 Ultra Cameo.</B> The 1862 quarter eagle is one of the foremost rarities in the entire Coronet quarter eagle series as only 35 Proofs were minted. Of that number it has been variously estimated that extant specimens number between a low of 11 to 13 pieces &#40;Taglione&#41; to as many as 18 &#40;Breen&#41;. Whomever the reader wants to believe, very few Proofs of this date exist in any condition. This exemplary issue has been somewhat &#34;seen without being seen,&#34; due in part to the rarity of the 1863 that follows it in chronological order, as well as the underappreciated status of the associated business strike.<BR><BR>The surfaces of this prime example glow with singularly beautiful brilliance, with none of the often seen slight haziness from having been stored carelessly for many years. For distinguishing marks, there are none. Devices are fully frosted. The two tone effect this gives is not merely &#34;cameo&#34; but &#34;ultra&#34 ; from the heavy coating of frost. A solidly graded, premium quality Gem in terms of detail, this coin displays impressive striking definition for a quarter eagle Proof from this early Civil War period. This is also to say that the strike is razor-sharp, including those few hair strands over Liberty&#39;s ear and brow which can keep Proofs from being Gems. We include the NGC holder number as a substitute for &#34;distinguishing marks&#34; when tracing this coin&#39;s future travels &#40;if any, since it may go into hiding for decades to come&#41;: #1945217-002. Few equivalent examples exist in all of numismatics. This is a high Condition Census piece graded, one of the few graded Gem by NGC or PCGS. <B>Pop 2; 1 in 66.</B> <BR>Estimated Value &#36;40,000-50,000. <BR><BR>Our item number 109073<BR><IMAGES><P ALIGN="CENTER"><IMG SRC="http://goldbergcoins.net/liveauction/39jpegs/109073.jpg"> <BR><IMG SRC="http://goldbergcoins.net/liveauction/39jpegs/109073N2.jpg"> </P></IMAGES>