1862-S $2.50 MS(PCGS#7798)

The August 2010 Boston Rarities Sale

Auctioneer

Bowers & Merena

Lot Number

1542

Grade

AU55

Price

5,578

Lot Description

1862-S Liberty Quarter Eagle. AU-55 (NGC). Unlike the situation that prevailed in the Eastern states during the Civil War, gold coins continued to circulate on the frontier throughout the 1860s. This fact, coupled with a limited mintage of 8,000 pieces, explains the rarity of the 1862-S Quarter Eagle in all grades. With Mint State survivors particularly elusive in numismatic circles, this minimally worn Choice AU is sure to appeal to the advanced specialist. Bright tannish-rose surfaces retain ample luster as well as bold-to-sharp striking detail. Individually distracting abrasions are not seen, but we are compelled to mention light hairlining to the surfaces and very slight glossiness to the texture.