2341

1870-S Quarter Eagle NGC AU58

Currency:USD Category:Everything Else / Other Start Price:NA Estimated At:2,000.00 - 2,500.00 USD
1870-S Quarter Eagle NGC AU58
Quarter Eagles 1870-s NGC graded About Uncirculated 58. <b>A scarce branch mint date, 16,000 were made, the usual condition being Very Fine or Extremely Fine. This is a lovely (and quite lustrous) About Uncirculated specimen, a coin whose fields and devices are highly frosted and toned warm golden orange. Full sharp stars encircle a sharp profile of Liberty, while the only weakness in the design we can find is some flattening on the eagle's leg. At the time this was made, most gold coins circulated out West, few were found in change slots in the rest of the country due to the fact America was on a greenback standard, with prices of metal higher than "par" in terms of paper "dollars". This situation didn't return to normal, that is, paper didn't return to par, until early in 1878. It was only then that gold reappeared throughout the remainder of the country. In the West, however, gold quarter eagles such as this handsome 1870-S were seen in circulation, indeed, they comprised almost the whole circulating medium since paper money was shunned until near the end of the 19th century.</b> <p align="center">Superior Galleries was founded in 1929 and has been a leader in
the numismatic auction business since 1971.</p> <p align="center"><b>Consignments wanted for June 2 & 3, 2002 Pre-Long Beach Sale.</b></p> <p align="center"><b>Call Steve Deeds</b> at (800) 421-0754 ext 230.</p>