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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 1-800-624-1870 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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ADDITION NEW COINS ADDED - (Week of 6/16/2015)

Very Truly Yours,

Tom Pilitowski
www.usrarecoininvestments.com
Toll Free:
1-800-624-1870
Email: TomPilitowski@yahoo.com


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