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June 16, 2015

COIN OF THE WEEK

Rare 1830 Capped Bust $2.50 Gold PCGS MS63 - $37,500.
Click on Coin Image to enlarge


A rare type, low populations and in a high grade, this coin has it all. This is the first use of this reverse die, which would struck all quarter eagles until the end of the series in 1834. This type is extremely rare, struck from 1829 to 1834. The present piece is a wonderful mint state piece, booming with luster on both sides. It is completely original and rare as such. Currently, this would be an excellent coin for investment, with high eye appeal.

Please contact me by email or telephone 1-941-291-2156 to reserve this great coin.

Coins were now struck in close collars, resulting in uniform diameters and better looking coins. Unfortunately, as mentioned above not many quarter eagles of this type survive to tell that story. Many were exported to foreign countries were they were melted heavily. The pieces that remained within the continental United States circulated among banks, and when damaged were subsequently melted as well. The few pieces that survived in as fine quality as this piece did so by pure chance.

Besides heavy circulation and melting, the mintages were already small to begin with. Gold depositors preferred the larger denominations, which were more convenient to handle and in the end resulted in larger profits. As a result, mintages of half eagles were much higher in this period, being the largest denomination being coined by the United States Mint at the time. While heavy attrition took its toll at that denomination as well, more pieces have survived and half eagle types are easier to acquire then any of the early quarter eagles.


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ADDITIONAL NEW COINS ADDED - (Week of 6/16/2015)

1854-O Liberty Seated Half 10C PCGS MS67

1882 Shield 5C NGC PR67* UCAM. *QUALITY. GEM WHITE

1883 Liberty Head 5C PCGS PR67 CAM CAC. WITH CENTS

1914 Buffalo 5C NGC PR68. GEM FLASHY PROOF

1929-D Buffalo 5C NGC MS67. A FLASHY GEM

1862 Liberty Seated Half 10C NGC PR67+*. *QUALITY

1840 Liberty Seated 10C NGC PR65+ CAMEO

1837 Liberty Seated 10C NGC PR67. NO STARS

1800 Capped Bust $10 Gold NGC MS62. LUSTEROUS SURFACES

1796 Capped Bust $10 Gold PCGS AU55, Small Eagle

1795 Capped Bust $10 Gold NGC AU55, Small Eagle, 9 Leaves

1844 Liberty Seated 10C PCGS PR64 CAC. ONLY 8 STRUCK


Very Truly Yours,

Tom Pilitowski
www.usrarecoininvestments.com
Phone:
1-941-291-2156
Email: TomPilitowski@yahoo.com


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