Market Analysis: Perfect example for type purposes

March 16, 2021 1 min read

Market Analysis: Perfect example for type purposes

By Steve Roach , Coin World, Published: Mar 16, 2021, 8 AM

Christian Gobrecht’s design for the Coronet (or Liberty) Head quarter eagle was first used in 1840 and continued through 1907.

Starting in 1880, examples were struck only at the Philadelphia Mint. The 20th century issues are especially popular with type collectors.

The 1906 issue enjoyed a large mintage of 176,330, and examples even in top-grades are seen with regularity. Legend in its Feb. 26 Las Vegas auction offered one graded Mint State 67 by Professional Coin Grading Service with a green Certified Acceptance Corp. sticker that was unusually appealing.

The cataloger praised the eye appeal, green-gold color and bold strike, writing, “Only with a really strong glass and some hard looking can you find a light frost break or two. A strong unbroken satiny luster beams boldly from all over.”

PCGS has graded 98 in MS-67, (and another 11 in MS-67+ and two in MS-68 that are the finest-known of the year). The offered example sold for $3,642.50.

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