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    Description

    Low Mintage 1824/1 Quarter Eagle, BD-1, AU58

    1824/1 $2 1/2 AU58 NGC. Breen-6127, BD-1, R.5. From a limited production of only 2,600 pieces, the 1824/1 Capped Head Left quarter eagle is a rare date in all grades. The great majority of the tiny mintage was destroyed by contemporary melters, and even circulated examples are seldom encountered today. John Dannreuther estimates a surviving population of 50-60 specimens in all grades, with the finest known specimens grading only MS64. Currently, NGC has graded eight examples in AU58, with nine finer; while PCGS has certified only three specimens in AU58, with nine finer (11/09).
    All examples of this date are true overdates, with BD-1 the only variety known. The date was prized by early collectors, and the survival of the small population known today is entirely due to their efforts. An early auction appearance occurred in the Sixth Semi-Annual Sale (Woodward, 3/1865), lot 2799, "1824 Very fine, almost proof, very scarce." The lot realized a respectable $4, to J.O. Emery, a prominent early gold collector.
    The present coin is an attractive specimen, with semiprooflike fields and bright yellow-gold color, overlaid with tones of orange. Traces of mint luster cling to the protected areas, near the devices. The coin is well struck, with some characteristic softness on the central design elements. The serif of the 1 is easily seen to the left of the top of the 4 in the date. A number of small abrasions in the fields surrounding the eagle are consistent with the grade.(Registry values: P6) (NGC ID# BFW4, PCGS# 7663)

    Weight: 4.37 grams

    Metal: 91.67% Gold, 8.33% Copper


    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

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    Auction Dates
    January, 2010
    6th-10th Wednesday-Sunday
    Bids + Registered Phone Bidders: 15
    Lot Tracking Activity: N/A
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