1897 $2.50 MS(PCGS#7849)

The Regency Auction 41

Auctioneer

Legend Rare Coin Auctions

Lot Number

386

Grade

MS67

Price

4,230

Lot Description

A wonderfully preserved example of this conditionally rare date. A rich velvety gold luster accents the bold strike and brings out the beautiful medium gold patina. This coin is a pleasure to look at, and only the slightest minor ticks are noted on both sides, but none are distracting. Demand for the small $2.50 was low in the late 19th century compared to other denominations so the mintages dropped. In 1897, fewer than 30,000 were struck for circulation. This is a scarce date in Mint State, and very rare in Superb grades as here. PCGS 16, NGC 14. The most recent example to sell in auction realized $4,440 in August 2020 and the current PCGS Price Guide value is listed at $7,250. Just three are graded higher. Cert. Number 39807752 PCGS # 7849.00