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Class Head Gold Collection, Part 16, 1839 Quarter Eagle

BillJonesBillJones Posts: 34,820 ✭✭✭✭✭
edited April 12, 2018 2:51PM in U.S. Coin Forum


Mintage 27,021
Estimated Number of Survivors 115
The 1839 quarter eagle is the scarcest of all the Philadelphia Mint Classic Head quarter eagles. If the “Coin Facts” rarity estimates are to correct, the 1839 quarter eagle is the scarcest coin in the set. A quick review of the estimates show its nearest competitor is the 1838-C with 150 survivors. During continuous reviews of Internet offerings, I have seen more 1838-C quarter eagles offered than the 1839, but those numbers might be distorted by the high prices that the 1838-C $2.50 coin commands.
The example display above might be over graded by a few points. During my research on the Internet, I found that this piece was once in an AU-55 holder. How was I able to learn this? This issue a so scarce that it is possible to trace specific examples in the higher grades.

I purchased this coin from Northeast Numismatics. They seemed to have a little hoard of them since three examples appeared on their website, the last one having a Mint State grade.

This piece is not at all photogenic. It looks much nicer than my photos indicate. The mark in front of Ms. Liberty's nose is hardly visible when you see this piece in person. It's more of an AU-55 than an AU-58, but the three points don't make that much of a difference in price. Here are the Northeast photos of this coin.


Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?

Comments

  • RonyahskiRonyahski Posts: 3,119 ✭✭✭✭✭

    By far, By far, the most undervalued and underappreciated Classic Head gold coin. Only about a dozen exist in uncirculated condition, with no gems, not even close. Current prices need to double in order to align with other prices in the series. My favorite date.

    Some refer to overgraded slabs as Coffins. I like to think of them as Happy Coins.
  • BillJonesBillJones Posts: 34,820 ✭✭✭✭✭

    @Ronyahski said:
    By far, By far, the most undervalued and underappreciated Classic Head gold coin. Only about a dozen exist in uncirculated condition, with no gems, not even close. Current prices need to double in order to align with other prices in the series. My favorite date.

    Yea, but it's a Philadelphia Mint coin, and everybody knows they are all "common." And they are not very sexy. Charlotte and Dahlonega, now that's sexy. Even New Orleans is not so much, which I find odd. To me the 1839-O quarter eagle is just an interesting and probably rarer than the 1839-O half dollar.

    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • rickoricko Posts: 98,724 ✭✭✭✭✭

    Nice coin and interesting information. I am truly enjoying this series Bill... Gold coins being my weakness, I get to see some really nice coins and read great supporting information. Cheers, RickO

  • BoosibriBoosibri Posts: 12,404 ✭✭✭✭✭

    My favorite date

    Latin American Collection

  • TPRCTPRC Posts: 3,814 ✭✭✭✭✭

    I haven't read all of these yet, but I will, and thank you for posting this "informing" thread.

    Tom

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