SOLD – $2.50 – 1842-O NGC AU58 CAC
SOLD – $2.50 – 1842-O NGC AU58 CAC
Serial Number 3091459-005
PCGS Lookup Number 7726
The 1842-O is among the scarcer quarter eagles from the New Orleans mint and it is exceeded in overall rarity only by the popular 1845-O. This issue is seen mostly in EF and the lower AU grades and properly graded AU55 to AU58 examples are scarce.
This nicely struck piece shows nearly full detail at the centers and borders and has only limited die cracks through the reverse lettering. It is choice and original with pleasing rich russet color which is even in hue on both sides. There is only the slightest amount of friction seen on the relief details and the fields are choice.
The last NGC AU58 example with CAC approval to sell at auction realized $5,288 as Heritage 11/14: 3213. A weakly struck PCGS AU58 with CAC approval brought $7,050 as Heritage 10/12: 5542.
If available, a nice Uncirculated 1842-O quarter eagle will cost you over $10,000 which makes this choice AU58 seemingly good value.
CAC has approved six in this grade with only one finer (MS61).
