1836 $2.5 BLOCK 8 MS62 CACG

This meticulously struck 1836 $2.5 Block 8 Classic Head is a rare find in mint state condition. Despite the initial mintage of several hundred thousand, only an estimated 475 specimens are believed to exist across all grades. Once into the mint state grades, they are not often seen. The spread of value between 62 and 63 is very significant.

Instances of this caliber seldom appear on the market. The charming yellow gold patina adorning this specimen speaks volumes about its originality. The coin's unaltered fabric indicates that it has remained unmolested, adding to its appeal. With only a few minor marks and abrasions, none of which are distracting, this coin has all the bells and whistles. Its frosted sun gold surfaces exude radiant mint luster, and the sharp strike is truly exceptional. This obverse strike displays a pronounced boldness with notable curl definition for its type. On the reverse side, the boldness persists, with sharp delineation of all shield lines and feathers. Overall this specimen exemplifies an impressive fusion of grade and type. Comparable examples are scarce, and PCGS CAC sales for any classic head in this grade are non existent. The last MS62 PCGS CAC sold for $7,800 10/21 HA for a 1834 $2.5 whilst other dates in the past have also sold for $6,000-$7,000. Given how one grade lower MS61 PCGS CAC consistently sell for $4,000-$4,300, this MS62 coin seems like an excellent purchase for value in our opinion, and dare we say undervalued.

CACG Cert Verification #364003853

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