1829 Capped Head Left Quarter Eagle. BD-1, the only known dies. Rarity-4+. Die State a. AU-55 (PCGS).
Prized High Grade 1829 Quarter Eagle
To view more detailed information on the collection click here
Die Variety: A revised style or sub-type was introduced in 1829. The head punch has been slightly modified and the stars surrounding Liberty were returned to a smaller size. For the reverse die larger letters were used than seen on the following year when this reverse die was replaced. The obverse and reverse are the first appearances of the denomination displaying a raised lip for the rim on the coins struck, created by forming a sunken lip on the dies. This allowed for another significant modification, as the rim of the coins was now a solid raised lip instead of dentils extending to the edge. In place of the earlier toothlike dentils are tiny dentils with rounded ends, as in beads, uniform in size and placement.
A new coining press was also introduced in late 1827 -- after the BD-1 quarter eagles were struck using the prior coining equipment designed by Rush Muhlenberg which evidently employed these lipped dies and would strike coins in a close collar. On the obverse, the 2 in the date has a flat, square base, and star 11 has been repunched. The reverse die was only used for coinage of this 1829 variety, and either failed or was retired prior to the issues of 1830. The first 2 in the denomination has a square, flat base; this was changed to a curled or curved base 2 in 1830 when the new reverse was introduced -- but only on the first 2, the second 2 in the fraction remained the square base style.
Die State: a. No clashing, no lapping, and no cracks on either die.
Mintage: 3,403 coins.
Estimated surviving population: 70 to 90 coins.
Strike: The strike is firm throughout, with considerable reflectivity intact from well-polished dies. Sharp stars and curls are found on the obverse while the reverse strike boldly defines the knobby claws of the eagle as well as the fine feather work of its wings.
Surfaces: The obverse is bright yellow gold and this is perfectly matched on the reverse. The general eye appeal is thoroughly attractive for this prized issue.
Commentary: This 1829 variety is apparently the first quarter eagle struck on the new Rush Muhlenberg coining press given the raised lip dies used.
Q. David Bowers: While this is not among the very finest of the variety, its rarity is absolute and will cause this coin to attract much interest.
PCGS# 7669. NGC ID: 25FK.
Pedigree: From the Dr. James A. Ferrendelli Collection. From our (Stack's in conjunction with Sotheby's) Dallas Bank sale, October 2001, lot 312.
Click here for PCGS
Click here for NGC Coin Explorer