August 2014 Chicago ANA Lot #11024

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

  • 55
 

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Description

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

Pricing Guide
Grade NumisMedia Coin World Collector's Universe High Market Price
55 --- --- $17,500.00 $17,500.00
55 $15,000.00 $17,500.00 $17,000.00 $17,500.00
58 --- --- $20,500.00 $20,500.00
58 $17,310.00 $20,000.00 $19,500.00 $20,000.00
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
55 PCGS 6 35 52
55 PCGS 0 35 52
58 PCGS 7 28 52
58 PCGS 0 28 52
55 NGC 2 38 44
55 NGC 0 38 44
58 NGC 11 27 44
58 NGC 0 27 44
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 11022

    1826/6 (a.k.a. 1826/'5') Capped Head Left Quarter Eagle. BD-1, the only known dies. Die State a/a. AU-58 (NGC).

    Current Bid: 36250.00

    1826/6 (a.k.a. 1826/

  • Lot 11023

    1827 Capped Head Left Quarter Eagle. BD-1, the only known dies. Rarity-5. Die State a/c. AU-58 (PCGS).

    Current Bid: 17000.00

    1827 Capped Head Left Quarter Eagle. BD-1, the only known dies. Rarity-5. Die State a/c. AU-58 (PCGS).

  • Lot 11024

    1829 Capped Head Left Quarter Eagle. BD-1, the only known dies. Rarity-4+. Die State a. AU-55 (PCGS).

    Current Bid: 9500.00

    1829 Capped Head Left Quarter Eagle. BD-1, the only known dies. Rarity-4+. Die State a. AU-55 (PCGS).

  • Lot 11025

    1830 Capped Head Left Quarter Eagle. BD-1, the only known dies. Rarity-4. Die State a/a. AU-53 (PCGS).

    Current Bid: 10000.00

    1830 Capped Head Left Quarter Eagle. BD-1, the only known dies. Rarity-4. Die State a/a. AU-53 (PCGS).

  • Lot 11026

    1831 Capped Head Left Quarter Eagle. BD-1, the only known dies. Rarity-4. Die State c/c. AU-58 (NGC).

    Current Bid: 13000.00

    1831 Capped Head Left Quarter Eagle. BD-1, the only known dies. Rarity-4. Die State c/c. AU-58 (NGC).

  • Lot 11027

    1832 Capped Head Left Quarter Eagle. BD-1, the only known dies. Rarity-4. Die State a/c. AU-55 (PCGS).

    Current Bid: 10032.00

    1832 Capped Head Left Quarter Eagle. BD-1, the only known dies. Rarity-4. Die State a/c. AU-55 (PCGS).