$2.5 Quarter Eagle NGC MS63, (BD-1, R-5) NGC MS63 –
The 1833 is the scarcest issue of this type behind the
1834 with motto. Examples are scarce in all grade, and
it has been estimated that of the mintage of 4,160 coins
just 60 to 80 survive in all grades. Of these, the majority
have circulated, but a few remain in uncirculated condition,
such as the present coin. Many of this issue were melted
during the next year, when the weight of gold coins
was altered and the gold denomination slowly appeared
in circulation, at least for a while. All were struck
from a single die pair, which featured a reverse die
which had already been introduced in 1830, and struck
the majority of coins of the full type.
Because of the rarity of all issues, this type is
extremely difficult to acquire in high grade for a
type set. Usually, a type set collector would choose
to include one of the common dates to represent that
specific type. In some cases, such as with this type,
it might pay off to acquire one of the scarcer dates.
Here we have a type which total number of specimens
known numbers just a few hundred pieces. All are thus
rare, seldom offered at auction, with great interest
when one does appear in the public market.
Because of its rarity and lack of auction appearances,
even such a scarce coin would be a prime example for
a type set. As a sidenote, it could also be the start
of a specialized (mint state) set of early quarter
eagles from 1829 to 1834, although the latter would
be an extremely difficult set. Circulation of these
coins was extremely limited to virtually non-existent,
and most of the surviving pieces are in high about
uncirculated to lower mint state. The challenge is
to find a piece with good eye-appeal, which has not
been dipped or cleaned, at a reasonable price.
Here we have such a coin. Featuring extremely clean
fields and strong luster, this coin is a pleasure
to look at. No deep marks, often encountered on these
soft gold coins are seen, along with no further distractions.
The color is a slightly darker yellow, with light
and fresh highlights on the devices. In all, this
is a great coin of this rare type and date, and an
important offering of this rare issue.
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