1840-O $2.50 MS (PCGS# 7720)
The August 2010 Boston Rarities Sale
Auctioneer: Bowers & Merena
Lot Number: 1461
View the Original Auction
The initial New Orleans Mint issue in the Liberty Quarter Eagle series, the 1840-O seems to have been largely overlooked at the time of delivery. This makes sense as there was little contemporary interest in mintmarked U.S. coinage among the few collectors that were active during the 1840s. Although 33,350 pieces were produced, only 100-125 coins are believed to have escaped the fate of being lost or destroyed in circulation.<br /> Conditionally rare at the BU level, this piece is veiled in warm orange-gold color that allows shimmering semi-prooflike luster to shine forth nicely at most angles. The overall strike is suitably bold, and we see no abrasions that are worthy of singular concern. The 1840-O is tied with the 1842-O as the third-rarest New Orleans Mint Quarter Eagle in an absolute sense, and it ranks fifth of 14 issues in this Southern gold series in high-grade rarity.