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    Description

    1824/1 Quarter Eagle, BD-1, MS61
    Sole Variety of the Year
    Only 50 to 60 Coins Believed Known

    1824/1 $2 1/2 BD-1, R.5, MS61 NGC. Bass-Dannreuther Die State a/a, as always. The quarter eagle production total in 1824 amounted to only 2,600 coins, of which only 50 or 60 pieces are believed to survive. All were struck with a single die pair, consisting of a leftover, previously unused 1821 obverse overdated 1824, and the leftover production tail die from 1821. Although the obverse never cracked, this is its only use; the reverse die was later employed for the first two 1825 die pairings (BD-1 and BD-2), after which it cracked terminally and was retired.

    The rarity of this issue ensures that an example seldom appears at auction, although a few Mint State coins are among the survivors. NGC reports 10 submissions in Mint State, including five in MS61, two each in MS62 and MS63, and a single MS64+ coin; PCGS also shows five coins in this grade, with one in MS62, three in MS63, and two in MS64 (3/15). It is highly probable that at least a few of these are only resubmissions.

    This example displays bright yellow-gold luster, with hints of semiprooflike mirroring in the fields on each side. The strike is evenly executed and sharp on the obverse; the reverse shows moderate weakness over much of the eagle's feathers, as is typical. Light, scattered abrasions limit the grade, but none are singularly obtrusive. The rarity of this issue is such that an opportunity to acquire a coin in Mint State is a rare event, and the specialist should bid accordingly on this piece.
    From The Collection of Edwin J. Mantooth Bowers. (NGC ID# BFW4, Variety PCGS# 45517, Base 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.

    View all of [The Collection of Edwin J. Mantooth Bowers ]

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    Auction Dates
    April, 2015
    22nd-26th Wednesday-Sunday
    Bids + Registered Phone Bidders: 5
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