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Lot
7450

1832 $2 1/2 AU53 PCGS. CAC. Breen-6135, 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: 6 Internet/mail/phone bidders
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Location: Marriott - Chicago O Hare
8535 W. Higgins Road
Chicago, IL 60631

Description:
1832 Quarter Eagle, BD-1, AU53
Excellent Type Representative
1832 $2 1/2 AU53 PCGS. CAC. Breen-6135, BD-1, R.4. The only variety known for the year. After the 1831, the hub was modified, and a slightly adjusted portrait of Liberty first appears with the 1832. Dannreuther (2006) puts forth a theory that the modifications were done by Christian Gobrecht, then a contract laborer for the Mint. This would have been Gobrecht's earliest attributed engraving work at the Mint, and he would not become a full-time employee until 1835 (five years later he replaced William Kneass as chief engraver). This slightly refined issue had a mintage of 4,400 pieces, and it is unsurprising that it is elusive in all grades. Dannreuther estimates the total population to be just 80 to 100 specimens. PCGS reports only seven AU53 representatives with 30 finer examples (7/11). The surfaces are bright green-gold with a hint of yellow. Faint traces of mint luster are seen around the margins. Lightly marked.
From The Oliver Collection.(Registry values: P5) (NGC ID# 25FN, PCGS# 7672)

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