1862 $2.50 MS(PCGS#7796)

August 2020 U.S. Coins Auction

Auctioneer

Stack's Bowers

Lot Number

2940

Grade

MS62

Price

4,200

Lot Description

1862 Liberty Head Quarter Eagle. MS-62 (PCGS). Delightful frosty to modestly semi-prooflike surfaces are further adorned with vivid golden-orange and pale rose patina. The suspension of gold specie payments in the North at the end of 1861 explains the precipitate drop in circulation strike quarter eagle production at the Philadelphia Mint the following year. Only 98,543 coins were struck 1862, and this issue is far scarcer than the 1861 in all grades. Mint State survivors at any level are noteworthy rarities. PCGS Population: 15; 20 finer (MS-64+ finest). PCGS# 7796. NGC ID: 25JZ. Click here for certification details from PCGS.