JUST ADDED - $2.50 - 1838 PCGS MS63 CAC

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JUST ADDED - $2.50 - 1838 PCGS MS63 CAC

13,000.00

Date       1838
Grade       PCGS MS63 CAC
PCGS Price Guide       11000
Population (PCGS)       7/8
Population (NGC)       7/15
Population (CAC)       5/0
Serial Number       7696.63/32832103
PCGS Lookup Number       7696

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RARE PCGS MS63 1838 CLASSIC HEAD QUARTER EAGLE WITH CAC APPROVAL

While common in circulated grades and sometimes available in the lower Uncirculated grades, the 1838 is rare in properly graded MS63 and almost impossible to locate finer than this. The finest known, by a large margin, is the superb PCGS MS67 which brought $235,000 as Pogue II: 2065.

This fresh-to-the-market example is struck in rich yellow-gold and it exhibits strong mint frost on both the obverse and the reverse. It is far better struck than normal for this design type with just a bit of weakness at the centers and the fields show minor scuffs consistent with the assigned grade.

No MS63 1838 quarter eagle from either service has been auctioned since August 2002 and the last PCGS MS64 crossed the block in 2004. Stacks Bowers 3/17: 3098, graded MS64 by NGC and comparable in quality to the presently-offered PCGS/CAC sold for $14,100.

Collecting Classic Head quarter eagles by date has become very popular and if you are working on a high grade set, you know how difficult it is to locate a really nice 1838.

CAC has approved 5 in this grade with none finer.