$2.50 - 1846-C PCGS MS61

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$2.50 - 1846-C PCGS MS61

17,500.00

Date       1846-C
Grade       PCGS MS61
PCGS Price Guide       21500
Population (PCGS)       2/4
Population (NGC)         2/3
Serial Number       7741.61/34692080
PCGS Lookup Number       7741

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VERY RARE PCGS MS61 1846-C QUARTER EAGLE

Variety 1.

With a mintage of just 4,808 the 1846-C is among the rarest quarter eagles from Charlotte both in terms of overall and high grade rarity. This is a very rare issue in Uncirculated with six or seven known. The finest is a PCGS MS64 which I sold in 2013 to a Kansas collector; it is ex Bass and Eliasberg.

This piece is totally new to the market having recently walked into a coin shop unencapsulated. It was sent to PCGS and after it was graded, it found its way to my inventory. The color is a natural lemon-yellow which is 100% right for the issue. As with all known 1846-C quarter eagles, this piece was struck from rusted dies with mint-made granularity seen through the date and extending outwards in both directions. There is some friction seen in the left obverse field which limits the grade but this piece is strictly free of wear with no rub on the cheek.

A PCGS MS61 has never sold at auction and only two NGC MS61 1846-C quarter eagles have sold with the last of these bringing $13,800 as Heritage 5/12: 4785. A PCGS MS62 with funky color realized $21,150 as Stacks Bowers 2015 ANA: 10202.

This is an important new discovery for the advanced colllector of Charlotte quarter eagles.