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Lot
5524

1834 $2 1/2 MS64 PCGS. Small Head, Breen-6138, Variety 1, R.1....

2012 October 18-21 ANA US Coins Signature Auction - Dallas #1175

 
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Auction Ended On: Oct 19, 2012
Item Activity: 10 Internet/mail/phone bidders
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Location: Dallas Convention Center
650 S. Griffin Street
Dallas, TX 75202

Description:
1834 Quarter Eagle, MS64
New Classic Head Design
1834 $2 1/2 MS64 PCGS. Small Head, Breen-6138, Variety 1, R.1. Once pegged at 15 to 1, the ratio of silver to gold increased to nearly 18 to 1 by the early 1830s, and a change was clearly necessary. The weight of gold coins was reduced in 1834 to discourage hoarding and promote circulation. Substantially increased gold mintages resulted from the change, and many of the new Classic Head gold pieces survive today.
This Choice Mint State specimen has pristine, reflective fields, with satin devices, exhibiting brilliant yellow surfaces and generally sharp details, weak only at the centers. This piece has few peers, and is a likely candidate for an advanced collection. Population: 36 in 64, 6 finer (9/12).(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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