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Lot
7448

1831 $2 1/2 AU53 NGC. Breen-6134, BD-1, R.4....

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

 
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Auction Ended On: Aug 12, 2011
Item Activity: 8 Internet/mail/phone bidders
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Location: Marriott - Chicago O Hare
8535 W. Higgins Road
Chicago, IL 60631

Description:
1831 Quarter Eagle, BD-1, AU53
High-Grade Capped Head Left Type
1831 $2 1/2 AU53 NGC. Breen-6134, BD-1, R.4. By the late 1820s the Mint's original site had become inadequate, and on March 2, 1829 Congress made appropriations for purchasing a new site. On May 31, 1830 Congress authorized the sale of the old Mint property, although the sale was not advertised until July 2, 1832. The Second Philadelphia Mint was occupied in January 1833, and the 1831 quarter eagle is therefore the second-to-last issue struck in the First Philadelphia Mint.
This specimen boasts bright semiprooflike luster around the devices. Yellow-gold patination across the centers yields to faint red coloration in the margins. There are some light-to-medium handling marks, the most obvious being an X-shaped pair of faint scratches on a cheek and a vertical scuff in the right (facing) obverse field. Perhaps only 100 or so examples exist in all grades.(Registry values: P4) (NGC ID# 25FM, PCGS# 7671)

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