1805 $2.50 MS(PCGS#7653)

The Regency Auction XIV October 2015

拍卖行

Legend Rare Coin Auctions

批号

319

等级

AU58+

价格

193,847

详细说明

BD-1. Legend Rare Coin Auctions is pleased to have been consigned this true condition rarity that is seldom available. The mintage for the year came in at a paltry 1,781 pieces, and from that beginning only 110 or so are thought to have survived. This is one of the finer examples known, as Mint State survivors number perhaps a dozen pieces. In fact, a brief glance at the mintages for this entire type from 1796 through 1807 confirms that these Quarter Eagles were all issued in absurdly low numbers, hardly worth the effort to create new dies each year. This indeed was the case as this obverse die was “updated” in 1806 with a small 6 punched over the existing 5, and coinage continued! The same thin die crack at the top of LIB(ERTY) continues to thicken when the 1806 coins were later struck. To change a work hardened die by softening and then reannealing it was only undertaken only in the most extreme circumstances, and this Quarter Eagle is one of those times, but on the later issue of 1806/5. Examination of the surfaces finds handsome orange gold color with a couple of minor toning specks, which are the result of the copper used in the alloy with the gold in the planchet. Faint adjustment marks are noted on the reverse, and these are commonly seen on this date in particular. The surfaces are pleasing with minimal signs of circulation, and this one must have been saved nearly the day it was struck to retain this degree of luster and a mere whisper of wear on the high points. A prize for the astute numismatist who demands quality. PCGS 17, NGC 13, CAC 7. Only three of the PCGS coins offer the “+” designation and this is one of those! There are no auction records of a coin graded AU58+ as of yet, but we feel this could easily bring $25,000.00 or more when it crosses the auction block. This coin is being sold with no reserve. Certification Number 6662050 PCGS # 7653