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Lot
2673

1830 $2 1/2 MS64 NGC....

2009 April-May Cincinnati, OH (CSNS) US Coin Auction #1124

 
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Auction Ended On: Apr 30, 2009
Item Activity: 5 Internet/mail/phone bidders
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Location:

Duke Energy Center
525 Elm Street
Cincinnati, OH 45202

Description:
Glittering MS64 1830 Quarter Eagle, BD-1
1830 $2 1/2 MS64 NGC. Breen-6133, BD-1, R.4. From 1829 until 1834, only one die variety of each Capped Head quarter eagle issue was minted. The diameter was reduced slightly from the earlier Capped Head issues coined from 1821 to 1827. Each year saw a limited production that ranged from a low of 3,403 coins in 1829 to a high of 4,540 coins the following year. The average production was 4,170 coins.
New technology was introduced at that time, providing a more uniform diameter and appearance to the coin through the used of a closed color that imparted a reeded edge at the same time the coin was struck, eliminating the separate step of imparting the edge device before striking. Mint Director Samuel Moore stated that the new closed collar provided a "mathematical equality" to the coins.
Throughout the 1820s and into the 1830s, the price of gold increased to a point where the gold value was greater than the face value, inspiring people who had them to melt them down for their gold content. Today, the result of those actions is that few examples survive today, although those that do survive are apt to be in higher grades since they clearly did not circulate.
Both sides of this boldly detailed piece have minuscule abrasions and planchet flakes. The greenish-gold surfaces are faintly prooflike with slight cameo contrast. All of the design elements are bold and the overall eye appeal is exceptional. This splendid quarter eagle is sure to please the connoisseur. Census: 1 in 64, 8 finer (3/09).(Registry values: P4) (NGC ID# 25FL, PCGS# 7670)

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