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Dallas Signature US Coin Sale 1265 7-8 Dec 2017
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Classic Quarter Eagles
1838-C $2 1/2 AU58 NGC. Breen-6147, Variety 20, R.3 The 1838-C quarter eagle is an extremely popular coin among early gold enthusiasts. It is a first-year-of-issue and one of just two Charlotte quarter eagles that use the Classic Head, obverse mintmark design. All known examples exhibit a repunched mintmark, that was initially entered too low.
Writing in his Charlotte Mint gold coins reference (2008), Doug Winter says the 1838-C quarter eagle "Usually seen in VF and EF grades, it becomes very scarce in properly graded AU55 to AU58 and rare in Uncirculated." The population reports bear this out, even though the NGC/PCGS population distribution peaks in the better grades of About Uncirculated (AU55 and AU58). This skewing of the population data undoubtedly results from repeated resubmissions in an attempt to attain Mint State grades.
This near-Mint example displays excellent definition on the design features. Liberty's hair is particularly sharp, as is the eagle's plumage, save for the upper parts of the left (right facing) wing. The surfaces are bright yellow-gold, and retain traces of luster in the recesses. A few marks are noted on the obverse, but all in all, the coin fares better than most examples of the issue, of which Winter contends: "Nearly all 1838-C quarter eagles have very scruffy surfaces. The fields often show numerous digs and scratches."
Ex: FUN Signature (Heritage, 1/2008), lot 3079.
HID02901242017
1838-C $2 1/2 AU58 NGC. Breen-6147, Variety 20, R.3 The 1838-C quarter eagle is an extremely popular coin among early gold enthusiasts. It is a first-year-of-issue and one of just two Charlotte quarter eagles that use the Classic Head, obverse mintmark design. All known examples exhibit a repunched mintmark, that was initially entered too low.
Writing in his Charlotte Mint gold coins reference (2008), Doug Winter says the 1838-C quarter eagle "Usually seen in VF and EF grades, it becomes very scarce in properly graded AU55 to AU58 and rare in Uncirculated." The population reports bear this out, even though the NGC/PCGS population distribution peaks in the better grades of About Uncirculated (AU55 and AU58). This skewing of the population data undoubtedly results from repeated resubmissions in an attempt to attain Mint State grades.
This near-Mint example displays excellent definition on the design features. Liberty's hair is particularly sharp, as is the eagle's plumage, save for the upper parts of the left (right facing) wing. The surfaces are bright yellow-gold, and retain traces of luster in the recesses. A few marks are noted on the obverse, but all in all, the coin fares better than most examples of the issue, of which Winter contends: "Nearly all 1838-C quarter eagles have very scruffy surfaces. The fields often show numerous digs and scratches."
Ex: FUN Signature (Heritage, 1/2008), lot 3079.
HID02901242017