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Lot
7452

1834 $2 1/2 Classic MS66 NGC. CAC. Small Head, Breen-6138, Variety-1, R.1....

2011 August Chicago Signature US Coin & Platinum Night Auction #1158

 
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Auction Ended On: Aug 12, 2011
Item Activity: 7 Internet/mail/phone bidders
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Location: Marriott - Chicago O Hare
8535 W. Higgins Road
Chicago, IL 60631

Description:

1834 Small Head Quarter Eagle, MS66
The Finest Certified Example
1834 $2 1/2 Classic MS66 NGC. CAC. Small Head, Breen-6138, Variety-1, R.1. A tiny die chip fills the right angle of the N in UNITED, and a short die crack connects the tip of the right (facing) wing to the border, the only die defects on either side. Although Walter Breen recorded two different numbers for the 1834 Small Head quarter eagles in his Complete Encyclopedia of U.S. and Colonial Coins, it is almost certain that just one variety exists. He recorded the second Small Head variety (Breen-6139) as the discovery of Waldo Newcomer circa 1926. Current students of the series have never seen an example of the second variety. Breen also claimed the existence of six reverse varieties of the second obverse, known as the Large Head. Today, we know of only three reverse dies used with the second obverse.
The NGC Census Report lists just two Premium Gem 1834 quarter eagles, one certified MS66 Prooflike and the other (this coin) certified MS66 . PCGS also lists a single MS66 (6/11). Stack's offered the MS66 Prooflike coin in January 2010, lot 3453, and Bowers and Merena offered the MS66 coin as part of the Rod Sweet Collection in April 2005, lot 3366. The present piece fails to match the plate of the Bowers and Merena sale and appears to be a different coin. We are unaware of any other auction appearances in MS66.
This amazing specimen has lovely lemon-yellow surfaces with prooflike fields, light cameo contrast, and bold central design motifs. Scattered marks on each side are trivial. The obverse has a small rim pinch at 12 o'clock. This exceptional example is certainly headed for a high-grade gold type set or specialized collection.(Registry values: P1) (NGC ID# 25FS, PCGS# 7692)

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Classic Head Quarter Eagles Die Variety Guide

The series of Classic Head quarter eagles issued from 1834 to 1839 includes 28 different individual die varieties. To date nothing has been published regarding each of the varieties. This guide provides identification and photos of the individual varieties with an of rarity for each variety.

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