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Lot
1212

1807 $2 1/2 MS61 PCGS....

2009 August Los Angeles, CA US Coin Auction #1128

 
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Auction Ended On: Jul 31, 2009
Item Activity: 8 Internet/mail/phone bidders
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Location:

Hyatt Regency Century Plaza
2025 Avenue of the Stars
Los Angeles, CA 90067

Description:
Pleasing 1807 Quarter Eagle, MS61
1807 $2 1/2 MS61 PCGS. Breen-6124, BD-1, R.3. This attractive representative boasts a pleasing mixture of green-gold alloy and reddish patina. The strike is considerably above-average for the issue and, while certainly present, adjustment marks are almost exclusively confined to the central reverse. Overall, we could hardly imagine a more desirable representative at such a modest Mint State grade level and, as such, an ideal Capped Bust Right type candidate.
The Capped Bust Right quarter eagles struck from 1796 to 1807 are among the more challenging type coins in the U.S. series. From the beginning, the quarter eagle denomination has played second fiddle to its larger half eagle counterpart. For the entire series just 19,487 coins were minted, including 6,812 pieces in 1807. That makes this issue the most often available to collectors for type purposes. In addition to the already low mintage, many of the gold coins struck during this period succumbed to the mass melting of the pre-1834 period. Only decades later, when greater gold reserves were discovered in the hills of North Georgia, the content of all gold denominations was reduced, and federal legislation eased the pressure on the price of gold, did production increase and gold coinage begin to circulate freely. Breen-6124, BD-1, R.3. Population: 6 in 61, 21 finer (6/09).
Ex: 2007 FUN Sale (Heritage, 1/2007), lot 3390.
From The Wisconsin Gold Type Set Collection.
(Registry values: P5) (NGC ID# 25FC, PCGS# 7656)

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