1832 $2 1/2 BD-1, R.4, MS62 PCGS....

Description

1832 BD-1 Quarter Eagle, MS62
Just Three Finer at PCGS

1832 $2 1/2 BD-1, R.4, MS62 PCGS. A halo of green-gold coloration envelops a rich, yellow-gold center. The reverse has semi-prooflike regions between the wings and near the denomination. Light abrasions are present, but are not distracting. Strike is fabulous, with no detectible regions of notable weakness, even with even a glass.

While most dates of this short, six-issue series see their Mint State certified populations peak in MS63, decline slightly in MS64, and then contain a few examples in higher grades, the same cannot be said for the 1832. Its PCGS certified population peaks in MS62, and the only finer examples are one in 62+, one in 63, and one in 65, making this middle year a conditional rarity.

The portrait was modified slightly in 1832, a change that was attributed to Chief Engraver William Kneass. Altering hubs seemed to be an obsession of Kneass', as evidenced by the flurry of Master Dies and Master Hubs produced by him in the Capped Bust half dollar series, as well as the two-gule reverse on Bust quarters. In his book Bust Half Fever, Capped Bust half dollar expert Edgar Souders suggests that the reason for Kneass' tinkering was to improve the strike of American coins. His success in this initiative was hit or miss, as he lacked a full understanding of metal flow, according to Souders. Perhaps a similar objective was pursued here in the quarter eagle series.
From The Costa Family Collection, Part I.

Coin Index Numbers: (NGC ID# BFWB, Variety PCGS# 45526, Base PCGS# 7672)

Weight: 4.37 grams

Metal: 91.67% Gold, 8.33% Copper

Note for clients in the European Union: This lot is considered by the European Union to be “investment gold”. We believe that it meets the criteria established in Article 344(1), point (2) of Council Directive 2006/112/EC and thus should be exempt from import VAT regardless of the selling price. Any questions or concerns about VAT should be addressed to your accountant or local tax authority.

View all of [The Costa Family Collection, Part I ]

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