1829 $2 1/2 BD-1, High R.4, MS64 PCGS. CAC....

Description

1829 Quarter Eagle, MS64
First Close Collar Issue, BD-1
Scarce, Low-Mintage Date

1829 $2 1/2 BD-1, High R.4, MS64 PCGS. CAC. Bass-Dannreuther Die State a. The close collar technology was introduced on the quarter eagle in 1829, making the diameter of the coin slightly smaller and the thickness correspondingly thicker. The reeded edge was struck into the coin by the collar, with the result that all coins were perfectly circular, with uniform diameter. William Kneass made some slight modifications to the obverse design, resulting in the rather unglamorous "Fat Head" nickname for the type. The beaded dentils at the border were also something new. The reduced diameter type continued until 1834, when both the design and composition of all U.S. gold coins was modified to stop the large scale hoarding and melting that kept U.S. gold from circulating.

Only 3,403 quarter eagles were struck in 1829, the smallest production total of any year of the reduced diameter type. A single pair of dies was used to strike the entire mintage. A single die state is known, but this was the only use of both obverse and reverse dies, so it is possible that an example with some reverse die damage may be discovered in the future. The 1829 quarter eagle is very scarce in today's market, with an estimated surviving population of 70-90 examples in all grades. PCGS has graded six examples in MS64 condition, with two finer, while NGC has certified eight coins in MS64, with a single specimen finer (6/16).

The present coin is a delightful Choice example, with sharply detailed design elements in most places and just a touch of the usual softness on the eagle's claw and lower shield. The attractive lemon-yellow surfaces display semiprooflike reflectivity with minimal signs of contact. Eye appeal is terrific. This coin will be a welcome addition to a fine collection or Registry Set.
From The Elbert Henry Gary Collection, Part II.

Coin Index Numbers: (NGC ID# BFW7, Variety PCGS# 45523, Base PCGS# 7669)

Weight: 4.37 grams

Metal: 91.67% Gold, 8.33% Copper

Note for clients in the European Union: This lot is considered by the European Union to be “investment gold”. We believe that it meets the criteria established in Article 344(1), point (2) of Council Directive 2006/112/EC and thus should be exempt from import VAT regardless of the selling price. Any questions or concerns about VAT should be addressed to your accountant or local tax authority.

View all of [The Elbert Henry Gary Collection, Part II ]

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