Lot 1464
1832 $2.50 Capped Head. NGC graded MS-61. Mostly untoned. Only the one set of dies apparently known for 1832, used to strike a low number of coins. The second United States mint opened for business the very next year. The 1833 Mint Report lists a face value of eleven thousand dollars in quarter eagles issued, which could be struck off in a few minutes on a modern high speed coining press. Today, we put the surviving population about 3% to 5% of the original mintage.
And what of the coin itself? It is a fairly sharply made coin and well within the Mint State parameters with lovely greenish-gold cast to the color. The surfaces are free from the typical abrasions. Were it not for this opportunity to bid collectors might search many months (or years) to find one that grades Mint State; thus, an important opportunity given its exceptional quality. As a matter of fact, it seems to us at this moment that there is only one place in the world where a collector might be even reasonably happy with an 1832 quarter eagle, and that is by acquiring this very coin. Pop 6; 10 finer, 3 in 62, 6 in 63, 1 in 64. Only 4,400 struck (PCGS # 7672) .
Estimated Value $13,000 - 14,000.
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| Realized $17,250 |
