SOLD-$2.50 – 1839-D PCGS MS60

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SOLD-$2.50 – 1839-D PCGS MS60


Serial Number 7700.60/30396984

PCGS Lookup Number 7700

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Variety 1-B. Bold branch.

The 1839-D is doubly significant as the first year of issue for Dahlonega quarter eagles as well as being a distinct one-year type. This is the only Dahlonega quarter eagle with the mintmark on the obverse and with the popular Classic Head design. Around a dozen exist in Uncirculated but these tend to be closely held in private collections and they are seldom made available.

I bought this coin from a small Southern dealer at the 2015 ANA and it was in an older PCGS holder. The holder was scuffy and chipped and I thought the coin looked better than an MS60 so I regarded it. PCGS didn’t agree with me but the coin is at least now properly visible and it looks really choice for the grade. Both sides are very lustrous and free from actual wear but there are handling marks seen on sides. The strike is a bit flat–even for the issue–with the centers not well brought up and this can be confused with wear by an inexperienced viewer. Both sides show medium yellow-gold color with the obverse slightly deeper in hue.

The only PCGS MS60 to sell since 1995 was Goldberg 9/99: 1673 (at $12,075) which is not plated in the online PCGS Auction Price Guide. The last PCGS MS61 to sell brought $28,750 in January 2004. And, as an interesting point of reference, Stacks Bowers 2015 ANA sale contained a PCGS AU58 which brought $18,800.

I generally shy away from MS60 coins, but I really like the quality of this coin and it is far better than the last few AU58′s I have seen offered for sale. This is only the second Uncirculated 1839-D quarter eagle that I have handled in the last three+ years and the level of demand for this issue exceeds nearly any other quarter eagle from this mint.