1805 $2 1/2 AU55 PCGS. CAC (Gold Sticker)
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1805 $2 1/2 AU55 PCGS. CAC (Gold Sticker). Breen 6121, BD-1, R-4. From a tiny estimated mintage of 1,781 pieces, the 1805 Capped Bust Right quarter eagle is a rare coin in all grades today. In Early U.S. Gold Coin Varieties, John Dannreuther estimates a surviving population of 100 to 150 pieces, with most examples seen in the XF to AU levels. The date has been a favorite of early gold specialists since the earliest days of the hobby, and the issue appears in many auction catalogs of the 1860s. Henry Chapman describes a coin that sounds quite similar to the present example in the George Earle Collection (Henry Chapman, 6/1912), lot 2503: The present coin has extraordinary luster and vibrant color for an early gold issue. The resulting eye appeal is greater than one would expect on a coin with a higher technical grade. Much like the coin in the Earle Collection, the present specimen is sharply struck for an early gold coin. Only a touch of softness is seen on the central details, and just the slightest wear is discernable on the high points. A few horizontal adjustment marks show on the center of the reverse. The lustrous surfaces are covered by a deep, even reddish patina. The extraordinary quality and intense visual appeal are confirmed by the gold CAC sticker. Population: 8 in 55, 18 finer (10/09). Grade: 55, Service: PCGS, Service
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