1831 $2.50 MS(PCGS#7671)

August 2023 Global Showcase Auction U.S. Coins

拍卖行

Stack's Bowers

批号

5101

等级

AU58

价格

174,762

详细说明

Pleasing 1831 Quarter Eagle 1831 Capped Head Left Quarter Eagle. BD-1. Rarity-4. AU-58 (PCGS). OGH. Deep olive-gold color with subtle orange-apricot highlights and an impressive degree of mint finish throughout. Frosty design elements are sharply to fully defined and contrast nicely with semi-reflective fields. The in hand appearance is impressively smooth for a pre-1834 U.S. Mint gold coin that saw actual, albeit limited commercial use. One of the most challenging series to collect in all of U.S. numismatics, the Capped Head Left quarter eagle of 1821 to 1834 actually comprises two distinct types. The Reduced Diameter issues of 1829 to 1834 were struck in a close collar, whereas their predecessors of 1821 to 1827 were not. William Kneass prepared the dies for the Reduced Diameter issues, incorporating a number of modifications to accommodate the close collar. All dates of this type are rare, the mintages small due to the fact that the half eagle was the denomination of choice among contemporary gold bullion depositors. Even more relevant to rarity of this type is that most examples were melted after the Act of June 28, 1834 (effective date: July 1, 1834) reduced the weight of the quarter eagle from 4.37 grams to 4.18 grams. The 1831, of which only 4,520 circulation strikes were produced, has an extant population of fewer than 150 coins in all grades. The offered coin is a finer than average example of the date and grade, and one that will have little difficulty finding a new home. Provenance: From the Andrew M. Hain Collection. PCGS# 7671. NGC ID: BFWA. Click here for certification details from PCGS.