Quarter Eagle NGC MS62. 1848 marked the year the gold
was discovered in California. As a result, mintages
of gold coinage would soon increase, and this is the
last issue that was not largely influenced by gold coming
from the California mines.
Although the CAL quarter eagles of
this year are considered to be rare and are always in
demand, the regular quarter eagle is an often over-looked
coin. Only 7,497 pieces were produced throughout the
year, although most likely before the first California
gold reached Philadelphia. Most of these immediately
went into circulation, making AU and Mint State pieces
scarce to rare.
Of this small mintage, this is a wonderful
uncirculated example. Very lustrous, there are no luster
breaks that are frequently encountered on these coins.
The present coin exhibits original color, with orange-yellow
highlights. This is a truly uncirculated coin that was
saved from circulation. One of the true sleepers in
the series and an issue that is destined to rise in
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