1862 $2.50 MS(PCGS#7796)

Spring 2025 Showcase Auction U.S. Coins

Auctioneer

Stack's Bowers

Lot Number

4452

Grade

AU58

Price

2,220

Lot Description

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 98,508 circulation strikes were produced in 1862, and this issue is far scarcer than the 1861 in all grades. Since Mint State survivors at any level are noteworthy rarities, this frosty and vivid Choice AU is sure to catch the eye of astute gold enthusiasts.