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.
