SOLD – $2.50 – 1840-D PCGS AU58 CAC, ex Bass Collection

1840D_250_P58_CAC.jpg
1840D_250_P58_CAC.jpg
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SOLD – $2.50 – 1840-D PCGS AU58 CAC, ex Bass Collection

27,500.00

Serial Number 7719.58/5572781

PCGS Lookup Number 7719

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Bass Collection Pedigree. Variety 1-A. Late Die State with a bisecting obverse crack and a spectacular shattered reverse.

The 1840-D is the third rarest quarter eagle from this mint after the 1856-D and 1855-D but it is the rarest in high grades. It is hard to find above EF45 and I believe that there are no more than 10 to 12 properly graded AU’s. There are just two known in Uncirculated and the finest is the Duke’s Creek coin (graded MS62 by NGC) which brought $74,750 in April 2006. A total of 3,532 were produced and probably no more than 65-75 are known today.

The present example, which has been off the market since 1999, is at least the third finest known and it is clearly the best available to collectors. It is well-detailed despite some amazing die cracks and it shows a surprising amount of luster for the issue. The color is a pleasing subtle green-gold and there is just the slightest amount of friction on the high spots. If you follow this series, you know how hard it is to find an example of this numismatically significant first-year-of-issue with any degree of eye appeal.

Heritage 1/13: 6872, graded AU55+ by NGC, just sold for $25,800. That coin was extremely choice for the date and grade but I like this one more plus it has a superb pedigree and is CAC approved.

This important coin is destined to reside in a world-class collection of Dahlonega quarter eagles.

Ex Bowers and Merena 10/99: 329 ($23,000), Harry Bass collection, Bowers and Ruddy 10/77: 1479, Fairfield collection. This is the plate coin in the Akers book on Quarter Eagles.

This is the only AU58 example to have been approved by CAC and no finer pieces have, to date, been approved.