SOLD – $2.50 – 1838-C PCGS EF40 CAC

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SOLD – $2.50 – 1838-C PCGS EF40 CAC


Serial Number 7697.40/25152914

PCGS Lookup Number 7697

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The 1838-C is not the rarest Charlotte quarter eagle but it is an issue that many non-specialists covet as I is the first-year-of-issue and it is a two-year type which, along with the 1839-C, employs the popular Classic Head design. It is available, from time to time, in EF grades but it is seldom seen with original color and surfaces.

This is a prototypical coin for the grade with good overall detail but, more importantly, no serious marks and very appealing natural green-gold color with reddish flashes at the borders. There is not quite enough luster to grade this an EF45 but it is clearly nicer than nearly every piece which I’ve seen in a 45 holder and even some so-called AU’s.

There has never been a PCGS EF40 1838-C sold at auction (!) and the last PCGS EF45 was Heritage 9/02: $4,600.

This is, admittedly, an expensive coin if you look at Trends but if you are aware of the market for 1838-C quarter eagles and half eagles, you know that CAC-quality EF examples are virtually unavailable at any price.

This is the only CAC approved 1838-C quarter eagle in this grade; nine finer have been approved.