Lot 1505
$2.50 Gold Capped Head. 1831. NGC graded MS-65. Fully reflective fields and perfect yellow gold coloration. Luster is rich and uninterrupetd across Liberty and at the borders. Fully struck with satiny frost over Liberty's capped portrait. The reverse gets the same respect and the only strike weakness that exists is at the interface of the eagle's right wing and shield. A die lump to the left of star 2 near border. Traces of a second U to the left of the first U in UNITED. This series is one of the highlights of the gold coins that our country struck and the specimen here is a gem! NGC has graded 3 in MS65 with supposedly 3 MS66 examples as finest.
This design is commonly referred to as "Kneass' modified design" and was struck from 1829-1834. As type coins, these are some of the toughest in United States numismatics. Only 25,000 pieces were struck for the entire time period of 1829-1834 and most were melted. When the Bass Sale took place, the cataloguer of that sale pointed out that only 3% of the entire mintage might exist today in all grades.
Estimated Value $35,000 - 40,000.
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| Realized $44,850 |
