The 1842-D remains one of the very few quarter eagles of any date or mint that appears to still be unknown in properly graded Uncirculated. This statement can be verified by the fact that PCGS, to date, has still not graded an 1842-D quarter eagle higher than AU58 and just four at this level. This is a well-known coin with an illustrious pedigree (see below). It has a good deal of soft, frosty luster remaining and this is highly unusual for the date as most 1842-D quarter eagles are lackluster; even those grading AU50 and higher. The color is a rich natural yellow-gold with a single obverse toning spot at the juncture of the left field and the bridge of the nose. If you know this date, you know that is is extremely rare with eye appeal and this is probably the prettiest 1842-D quarter eagle that I have seen or sold. It should be noted that there is a mint-made depression on the cheek of Liberty; this is seen on many examples of this date and it does not detract. The last PCGS AU58 1842-D quarter eagle to sell at auction was Bowers and Merena 3/09: 1474 that brought $23,000. An extremely important coin for the specialist.
Ex Heritage 1/03: 4660 ($15,525), Heritage 1999 FUN: 7630 ($23,000), North Georgia collection, Stack's 10/94: 870 ($14,300), James Stack collection.
This is the only AU58 1842-D quarter eagle to be approved by CAC. None have been approved in grades higher than this.