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Reflective 1831 BD-1 Quarter Eagle, MS64

1831 $2 1/2 MS64 NGC. Breen-6134, BD-1, R.4. Numerous Proof examples have been listed in literature over the years, no doubt with a number of duplicate entries. Circulation strikes often have prooflike fields, confusing the distinction between such coins and true Proofs, especially in the 19th and early 20th centuries. By today's standards, few of these actually qualify as Proof coins. The present piece is one such example that may have been called a proof in the past, although there is no doubt about its business strike status.
Despite a meager mintage of 4,520 pieces, quite a few (relatively speaking) higher grade examples still exist today. In all grades, NGC and PCGS have certified 118 submissions (undoubtedly including resubmissions as John Dannreuther only estimates that 110 to 125 exist), and the average grade for those 118 coins is exactly MS60. The two services have certified 21 examples, including this piece, in MS64, with 18 others in MS65 through MS67. Jeff Garrett and Ron Guth note in their Gold Encyclopedia: "Most of the known examples are in excellent condition, suggesting that virtually all of the coins outside of collections were destroyed." The 21st century type collector has an ideal opportunity to acquire an attractive, higher quality 1831 quarter eagle to represent the design.
An amazing prooflike Choice Mint State piece, exhibiting brilliant green-gold surfaces and sharp design elements, save for slight weakness just left of the shield. This lovely piece has hints of reddish-orange toning along the peripheries. An early die state with no evidence of die cracks, clash marks, or lapping.
From The James Mossman Collection.(Registry values: P4) (NGC ID# BFWA, PCGS# 7671)

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Auction Dates
January, 2009
Internet/Mail/Phone Bidders: 7
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