1839/8 $2.50 NGC MS60

The 1839 quarter eagle is a rarer coin in Uncirculated than the better-known Charlotte and Dahlonega issues of this year yet it is priced at about half as much. It is not only the most undervalued Classic Head quarter eagle by a long shot, it is a coin whose virtues I have long extolled as among the best values in all of the rare date gold market. In Uncirculated there are probably fewer than ten known and the best I have personally seen is a PCGS MS62 that Heritage sold as Lot 6189 back in their June 2004 auction. At the recent Long Beach sale there was a small hoard of 1839 quarter eagles that was made available to me. Most of the coins were circulated but there was an NGC MS60 and a PCGS MS61 CAC that were priced at $9,500 and $13,750 respectively. I feel that the MS60 I am offering here is a nicer coin than its MS60 counterpart as this one has much of its original skin and pleasing butter-yellow color. There is a bit of chatter on the portrait and a thin, old scratch from star three to the mouth of Liberty that limits the grade. A great buy for the savvy quarter eagle specialist.