August 2014 Chicago ANA Lot #11018

Donald E. Stephens Convention Center
8/6/2014 4:30:00 PM8/6/2014 11:59:00 PM
  • PCGS

  • 58
 

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SesstionState

Description

1824/1 Capped Head Left Quarter Eagle. BD-1, the only known dies. Rarity-5. Die State a/a. AU-58 (PCGS).
Elusive 1824/1 Capped Head Left Quarter Eagle

To view more detailed information on the collection click here

Die Variety: The obverse variety shows the overdate, with the flag or upper serif of the 1 to the left of the 4. Apparently two obverse dies were engraved in 1821, but only one was needed for coinage. No quarter eagles were struck in 1822 or 1823, so when coinage was resumed in 1824, the unused die was overdated. The reverse die for this variety and year was the same die as used in 1821 for quarter eagle coinage. The serif of the 1 extends from the angle of the 4 and other indications are clear of the undertype digit.

Die State: a/a. No clashing, no lapping, and no cracks.

Mintage: 2,600 coins.

Estimated surviving population: 50 to 60 coins.

Strike: Rather sharp for this issue, with a hint of softness on the central curls of Liberty and along the left (facing) side of the eagle which is common to this series. The lettering, stars, and devices are pleasing and well formed, though most of the known examples have rather poor strikes in comparison to other issues from this type.

Surfaces: Subtle reflectivity is retained in the fields, something usually seen only on the highest grade coins that were struck with freshly engraved and polished dies. The more open fields are subject to normal wear and abrasions, but here they are fresh and attractive. Lively orange-gold surfaces exhibit traces of copper around the peripheries.

Commentary: The rarity of this and related issues of the decade is explained by low mintages to begin with and the melting of most coins after 1834 to capture their bullion content. 

Q. David Bowers: The earliest truly significant auction containing a run of high-grade early quarter eagles was that of the John K. Curtis Collection auctioned in New York City by Bangs, Merwin & Co. in June 1859. Most had this description, meaningless today: "Proof ¼ eagle or $2½ piece."


PCGS# 7663. NGC ID: 25FF.
Pedigree: From the Dr. James A. Ferrendelli Collection. Earlier from Superior Galleries' sale of October 1990, lot 1979.
PCGS Population: 3; 11 finer (Mint State-64 finest).

Click here for PCGS
Click here for NGC Coin Explorer

Pricing Guide
Grade NumisMedia Coin World Collector's Universe High Market Price
58 --- --- $31,500.00 $31,500.00
58 $23,470.00 $25,000.00 $29,500.00 $29,500.00
61 $38,130.00 --- $43,000.00 $43,000.00
62 $50,000.00 $55,000.00 $50,500.00 $55,000.00
All price data listed above is intended to be as accurate as possible. Stack’s Bowers Galleries insists that you contact each pricing source for further verification. No purchasing decisions should be made on this data alone, which is provided as a service and convenience to our customers. Returns based on inaccurate data will not be accepted.
Population Guide
Grade Service Pop in this Grade Pop in Higher Grades Pop in All Grades
58 PCGS 2 10 23
58 PCGS 0 10 23
61 PCGS 6 4 23
62 PCGS 1 3 23
58 NGC 10 10 29
58 NGC 0 10 29
61 NGC 6 4 29
62 NGC 1 3 29
All population information listed above is intended to be as accurate as possible. Stack’s Bowers Galleries insists that you contact each certification source for further verification. No purchasing decisions should be made on this data alone, which is provided as a service and convenience to our customers. Returns based on inaccurate data will not be accepted.
Coin Specifications
Category Capped Head $2.50 Gold
Mint Location
Mintage 0
Designer
Composition
Weight 0 g
Melt Value 0$0.00
Diameter 0 mm

 

Lot Selection
  • Lot 11016

    1808 Capped Bust Left Quarter Eagle. BD-1, the only known dies. Rarity-4. Die State b. AU-55 (NGC).

    Current Bid: 67500.00

    1808 Capped Bust Left Quarter Eagle. BD-1, the only known dies. Rarity-4. Die State b. AU-55 (NGC).

  • Lot 11017

    1821 Capped Head Left Quarter Eagle. BD-1, the only known dies. Rarity-5. Die State a/a. AU-55 (PCGS).

    Current Bid: 18500.00

    1821 Capped Head Left Quarter Eagle. BD-1, the only known dies. Rarity-5. Die State a/a. AU-55 (PCGS).

  • Lot 11018

    1824/1 Capped Head Left Quarter Eagle. BD-1, the only known dies. Rarity-5. Die State a/a. AU-58 (PCGS).

    Current Bid: 21000.00

    1824/1 Capped Head Left Quarter Eagle. BD-1, the only known dies. Rarity-5. Die State a/a. AU-58 (PCGS).

  • Lot 11019

    1825 Capped Head Left Quarter Eagle. BD-1. Rarity-6+. Die State a/a. Thin Top 5, Distant Fraction. MS-62 (NGC).

    Current Bid: 31250.00

    1825 Capped Head Left Quarter Eagle. BD-1. Rarity-6+. Die State a/a. Thin Top 5, Distant Fraction. MS-62 (NGC).

  • Lot 11020

    1825 Capped Head Left Quarter Eagle. BD-2. Rarity-4+. Die State a/a. Recut 5, Distant Fraction. AU-55 (PCGS). CAC.

    Current Bid: 12000.00

    1825 Capped Head Left Quarter Eagle. BD-2. Rarity-4+. Die State a/a. Recut 5, Distant Fraction. AU-55 (PCGS). CAC.

  • Lot 11021

    1825 Capped Head Left Quarter Eagle. BD-3. Rarity-6+. Die State a/a. Recut 5, Close Fraction. MS-61 (PCGS).

    Current Bid: 26000.00

    1825 Capped Head Left Quarter Eagle. BD-3. Rarity-6+. Die State a/a. Recut 5, Close Fraction. MS-61 (PCGS).