1840-O $2.50 MS(PCGS#7720)

1840-O $2.50 MS (PCGS#7720)

The Regency Auction 34

Lot Description: The first year of issue of Christian Gobrecht's Coronet Liberty Head design saw a mintage of 33,580. Two die varieties were used to strike this limited mintage, this is the Small Mintmark or Variety 2, which is much scarcer than the Large Mintmark variety, especially in such a lofty state of preservation. Of both varieties, Doug Winter (2018) estimates that 125-175 exist in all grades. Only the lightest traces of friction can be detected on both sides of this pleasing, high end AU example. Displaying the typical strike for a Small Mintmark, the peripheral details are very well struck, and the central devices show just some slight softness on the highest most parts of the design. Pleasing, rich orange gold toning graces both sides while the lovely color is accented by a satiny mint frost. A great example for the specialist collector. PCGS 14, NGC 25, CAC 9. This is the only PCGS/CAC example to ever sell in auction, realizing $8,400 in the 2018 FUN auction. RARE any finer, this coin brought more than a non-CAC PCGS MS61 Large Mintmark in the 2015 ANA auction. What a great opportunity for the advanced collector! Good luck. Cert. Number 29995822 PCGS # 007720