1862-S $2 1/2 LIBERTY HEAD GOLD QUARTER EAGLE, PCGS AU55, RARE, 80 EXTANT

Description: 1862-S $2 1/2 Liberty Head Gold Quarter EaglePCGS graded AU55 Mintage 8,000PCGS/NGC graded population 130, including resubmissions. PCGS CoinFacts estimates survival of 80 in all grades. Walter Breen's monograph "New Varieties of $1, $2.50 and $5 US Gold" pg 8, comments "One of the most undervalued of all S mint quarter eagles; fewer are around than the 1875 S or 76 S." This is still true today for these two dates with the 75-S at 326 graded and the 76-S at 272 graded. Breen's "Complete Encyclopedia" lists the 1862-S as "Very Rare", "Usually VF; Ex rare above", "S-Mint coins continue to have "Type 1" rev. through 1876". David Akers' "United States Gold Coins - An Auction Analysis of Auction Records - Volume II - Quarter Eagles 1796-1929" echoes the sentiment, "Very rare in all grades and extremely underrated. This date is seldom available in any condition and its 24 appearances in 226 auctions places it in tenth in the entire quarter eagle series according to rarity by number of appearances... Without a doubt, the 1862-S is one of the major "sleepers" in the entire quarter eagle series and any specimen grading EF or better should be considered highly desirable." His average grade at the time (1975) shows an average grade of VF34. Garrett and Guth's "Encyclopedia of U.S. Gold Coins 1795-1933" comments, "The 1862-S quarter eagle was struck in far fewer numbers than coins of previous years at the San Francisco Mint. This date is very rare in any grade and extremely rare in Mint State. Most of the 1862-S quarter eagles are well worn or damaged... The Smithsonian example is About Uncirculated and is among the finest survivors for the date." The Smithsonian coin is graded AU50 Will ship via USPS Priority Mail - Registered, signature required. Shipping may take 2-9 days depending on location.

Price: 8250 USD

Location: Albuquerque, New Mexico

End Time: 2024-10-02T17:07:10.000Z

Shipping Cost: N/A USD