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Lot
4631

1824/1 $2 1/2 AU50 PCGS. Breen-6127, BD-1, R.5....

2011 October 13-16 US Coins Signature Auction- Pittsburgh #1160

 
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Offers to date: $16,560 on March 13, 2013
$16,560 on March 13, 2013
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Auction Ended On: Oct 14, 2011
Item Activity: 6 Internet/mail/phone bidders
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Location: David L. Lawrence Convention Center
1000 Ft. Duquesne Blvd.
Pittsburgh, PA 15222

Description:
1824/1 BD-1 Quarter Eagle, AU50
A Low-Mintage Rarity
1824/1 $2 1/2 AU50 PCGS. Breen-6127, BD-1, R.5. Following production of half eagles with a Draped and Capped Bust that appeared from 1807 to 1812, John Reich modified the design to a Capped Head that lacked the drapery, first appearing on half eagles in 1813. Meanwhile, quarter eagles hosted the older Draped and Capped Bust design in 1808, and then production of the denomination ceased until 1821, when the modified design was used. Another intermission occurred with no quarter eagles minted in 1822 or 1823. Beginning in 1824, Reich's Capped Head design appeared on all quarter eagles coined through the summer of 1834, when the Classic Head design was introduced.
All quarter eagles struck during those earlier years from 1821 through 1834 are low-mintage rarities. For example, just 2,600 1824 quarter eagles were minted, all overdates. This piece survives from the mintage, with light greenish-gold surfaces. Both sides show light wear with faint hairlines and other blemishes, but it is an attractive example for the advanced collector. Population: 2 in 50, 16 finer (9/11).
From The Christmas Lake Collection.(Registry values: P6) (NGC ID# 25FF, PCGS# 7663)

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