May 26-27, 2003, The Dr. Jacob Terner Collection, Sale 20
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U. S. Coins

U. S. Gold Coins

$2.50 Liberty

1840-C $2.50 Liberty

Lot 867
1840-C. NGC graded AU-58 Pittman. As usual, better struck than other dates from this mint, with the normal allotment of light handling marks in the fields, subdue mint luster. Rarely found in grades above Very Fine, this is a choice high grade example. Population of 12 with 9 higher, the best being MS-63.
Estimated Value $6,500-7,000.
From the John J. Pittman Collection.

The Bass 1842-C $2.50 Specimen

Lot 868
1842-C. PCGS graded AU-55 H.W. Bass Jr. Collection. Although usually seen poorly struck, this example is nice and bold with excellent deep borders. Struck in natural greenish color gold with subdue mint luster and only light handling marks are scattered about. A most desirable high grade example of this rare issue. Population of only 4 with 5 higher.
Estimated Value $8,500-9,000.
From the Harry W. Bass Jr. Collection.

Lot 869
1850-C. NGC graded AU-53. Pale, green-gold luster. Noted specialist Doug Winters said of this date, "Specimens which grade About Uncirculated are extremely rare." Only 9,148 examples were struck, so collectors can't be too picky about the grade, but its always refreshing to locate a nice, high grade piece such as this. On this variety, the mintmark is jammed so tightly against the bottom of the eagle that it looks like an "O."
Estimated Value $3,200-3,700.

Outstanding 1850-D $1.50

Lot 870
1850-D. NGC graded MS-60. A boldly struck example with sharply defined features throughout. The borders are crumbling as made with some moderate marks scattered about, one in the obverse field next to the last star and two in the reverse field. Population of 4 with 5 higher by a point.
Estimated Value $10,000-11,000.

Lot 871
1860. AU-58. Light hairlines.
Estimated Value $400-500.

Lot 872
1861. Old reverse. PCGS graded MS-62. Well struck, the reverse from an 1859 or earlier die and many times rarer than the "New" reverse type. A frosty example, lightly toned with a minor scratch in the field below the neck of Liberty. Popular "Red Book" variety that is seldom encountered in mint state grades. Population of 8, 3 in MS-63 and 1 in MS-64.
Estimated Value $3,500-4,000.

Lot 873
1872. NGC graded AU-58. Boldly struck with intense mint luster and deep golden-orange in color. Only the slightest evidence of light handling marks in the unprotected fields are noticeable under magnification. Only 3000 pieces struck and quite rare this choice. Population of 12 with 7 higher, the highest being MS-63.
Estimated Value $2,400-2,600.

Lot 874
1875. PCGS graded Proof 64. Ex Byron Reed. A popular key date in a series already replete with low mintages. This date started out with 400 circulation strikes and a mere 20 Proofs. In their 13 years of grading, PCGS has certified 8 Proofs (some of which may be resubmissions). Of those, 3 appear at the Proof-64 level (including this one) and only 3 have been graded higher (all PR-65). Being in an old style, green label holder, this one has a good shot at earning a Cameo designation. This near-Gem example features glittering, orange-yellow toning on both sides. From the famous Byron Reed collection. Identifying marks: small lintmark near the rim opposite the tip of the bust; tiny lintmark between the 1srt and 2nd stars; tiny lintmark near the rim between the 3rd and 4th stars; tiny lintmark above the 2 of the fraction. Color photo.
Estimated Value $17,000-20,000.
Byron Reed Collection.

Lot 875
1900. PCGS graded MS-62 PQ. Old reverse variety, very rare.
Estimated Value $3500-4000.

Lot 876
1903. PCGS graded MS-66. A satiny smooth Gem that boasts hard, chrome-like luster and a soft, subtle golden color. Full, complete strike. Another pretty coin that is sure to please the type collection.
Estimated Value $1,500-1,750.

Lot 877
1904. PCGS graded MS-64. Golden-orange highlights with a tinge of olive greatly adds to its eye appeal.
Estimated Value $525-575.

Lot 878
1905. NGC graded Proof 64 Cameo. Struck in deep orange color gold, with some faint olive highlights, gives this cameo proof plenty of "pop".Most of the faint hairlines appear to be on the holder and not on the coin. Only 144 proofs struck. Color photo.
Estimated Value $5,500-6,000.

Lot 879
1906. NGC graded Proof 61. Although some scattered hairlines appear about the fields, none are too heavy and overall a pleasing proof example. Only 160 proofs made.
Estimated Value $2,000-2,500.

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