SOLD - $2.50 - 1846-O PCGS MS63 CAC

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sold out

SOLD - $2.50 - 1846-O PCGS MS63 CAC

21,500.00

Date       1846-O
Grade       PCGS MS63 CAC
PCGS Price Guide       16500
Population (PCGS)       1/1
Population (NGC)       3/2
Population (CAC)       1/0
Serial Number       7743.63/84324893
PCGS Lookup Number       7743

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ONE OF THE FINEST KNOWN 1846-O QUARTER EAGLES

There are an estimated dozen or so truly Uncirculated 1846-O quarter eagles known. The finest is the monster NGC MS66 coin from the Pittman collection which brought an amazing $132,000 almost 20 years ago. The second finest is the Bass II: 389 coin graded MS64. There is a second coin graded MS64 by NGC and then there is this coin, a high end PCGS MS63, which has been of the market since 2004.

This date is known as one of the harder New Orleans gold issues of any denomination to locate with a good strike. This example is well-made on the obverse but it does show centralized weakness on the reverse. I actually grade this coin MS63+ as it has superb luster and choice surfaces with attractive rich yellow-gold color. There is a small toning spot at the 46 in the date which has been present since at least 2004; what looks like a vertical scratch on the reverse from the right wing through the beak is actually some mint-made planchet lines which do not detract.

The only auction record for a PCGS MS63 is this exact coin; see below for the provenance.

This is clearly the best available quality for the date and it is destined to reside in a world-class collection of Liberty Head quarter eagles.

CAC has approved this one coin in MS63 with none finer.