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Rare, High Grade 1833 Capped Head Quarter Eagle, MS64

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. Only 4,160 pieces were struck, and most of these were promptly melted since the bullion value exceeded face value. 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 six examples above the MS64 level.
This piece has remarkably smooth, unmarked olive-gold surfaces with a pronounced accent of red around the margins. Both obverse and reverse are sharply struck on the central devices with some localized softness on the peripheries, specifically flatness on the stars. There is also slight weakness on the curls of Liberty's hair and the left side of shield and adjacent eagle's wing, all the usual places one finds softness on these pieces. The open fields are semiprooflike with noticeable traces of mint luster surrounding the devices. While rarely encountered in any grade, such a high-grade example as this is seldom seen. This is a desirable, high-grade near-Gem worthy of the finest quality early gold date or type. Census: 6 in 64, 2 finer (11/08). collection. Census: 6 in 64, 2 finer (2/06).(Registry values: P5) (NGC ID# BFWC, PCGS# 7673)

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Auction Dates
January, 2009
Internet/Mail/Phone Bidders: 8
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