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    Description

    1834 Capped Bust Quarter Eagle, AU53
    Fewer Than 24 Pieces Believed Known
    BD-1, Rarest Early Quarter Eagle Date

    1834 $2 1/2 Capped Bust, BD-1, R.6, AU53 NGC. CAC. Bass-Dannreuther Die State a/c. The 1834 Capped Bust Left, Motto Reverse quarter eagle is a major rarity. In Early U.S. Gold Coin Varieties, John Dannreuther calls it "the rarest of all the 1796 through 1834 issues," noting that only a few varieties of some earlier dates can be considered rarer. In the more recent reference work, United States Proof Coins, Volume IV, Dannreuther writes: "Although this year's production was similar in quantity to the 1829 to 1833 coinage, this date is much rarer in circulation strike, as many were obviously melted because they contained more gold than the Classic Head type that follows."

    It is believed that only 20 to 24 examples of this issue survive in all grades (4,000 pieces were struck). A total of just 18 coins are graded by NGC and PCGS combined. This example is outstanding in every respect for the grade. Daubs of violet and copper-orange toning in the fields complement rich honey-gold color elsewhere, and only slight friction is evident on the devices. The protected regions of the fields are prooflike. The only recent auction sale of another 1834 Capped Bust quarter eagle was the Newman coin, graded AU Details NGC with repair work, which sold in its namesake collection sale (Heritage, 11/2014), lot 3200, for $19,975. The present coin is blatantly finer, problem-free, and visually impressive. This is a landmark offering for the early gold specialist. CAC approved in a prior generation holder.
    From The Lockhart Collection, Part II. (Variety PCGS# 45528, Base PCGS# 7674)

    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 Lockhart Collection, Part II ]

    Auction Info

    Auction Dates
    January, 2019
    9th-14th Wednesday-Monday
    Bids + Registered Phone Bidders: 25
    Lot Tracking Activity: N/A
    Page Views: 1,234

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