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Description

Near-Gem 1833 Quarter Eagle

1833 $2 1/2 MS64 NGC. Bass-3030, Breen-6136, R.4. The only dies known for this rare low mintage date. Both 3s in the date are lightly recut, and the reverse shows broad repunching on the U in UNITED and the I in AMERICA. 4,160 pieces were struck, and most of these were promptly melted since the bullion value exceeded face. It was not until the next year, 1834, that the weight of gold coins was reduced, which allowed such pieces to enter circulation. PCGS has certified two 1833 quarter eagles in VF grades, but these were likely carried as souvenirs by a 19th century owner. Most survivors are in AU or lower Mint State grades. NGC and PCGS combined have certified only five examples above the MS64 level.
The present smooth, unmarked olive-gold representative is generally sharply struck on the major devices. The stars are flat, and the eagle's shield and the curl left of the ear shows some softness. The open fields are mildly prooflike, while cartwheel luster dominates the remaining areas. A desirable, high-grade near-Gem worthy of the finest quality early gold date or type collection. Census: 6 in 64, 2 finer (2/06).(Registry values: P5) (NGC ID# 25FP, PCGS# 7673)

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Auction Dates
April, 2006
6th-7th
Internet/Mail/Phone Bidders: 11
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Page Views: 2,731

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