1829 $2 1/2 BD-1, High R.4, MS63 NGC....

Description

1829 BD-1 Quarter Eagle, MS63
White-Gold Surfaces; Scarce Issue

1829 $2 1/2 BD-1, High R.4, MS63 NGC. Lovely white-gold coloration overlays lightly abraded surfaces, which are semi-prooflike on the obverse. Almost all obverse details are well-defined, but there is some reverse weakness on the shield and surrounding wing feathers.

As with the half eagle, 1829 saw the introduction of the Closed Collar to quarter eagle production, providing more uniform diameters and squarer rims, facilitating stacking. It also led to higher rims, making the design less susceptible to wear.

Similar to every issue of "Old Tenor" quarter eagles, mintages were low and surviving populations are very scarce to rare. According to Bass-Dannreuther, there are between 70 and 90 examples known of this date, making it the third most difficult after the very rare 1834 and the slightly scarcer 1833. This is reflected in the population reports. Half of all certifications have received a Mint State grade, which is logical, as these late issues did not widely circulate since they contained more than $2.50 in gold, making them more profitable to melt. Populations peak in MS63 and drop off from there, making a Choice Mint State example the ideal choice for the connoisseur of Early gold.
From The Costa Family Collection, Part I.

Coin Index Numbers: (NGC ID# BFW7, Variety PCGS# 45523, Base PCGS# 7669)

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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