Lot 2065
1824/1 $2.50 Capped Head. NGC graded MS-61. Some light scratches and other field marks on the reverse. Smaller but typical abrasions on Liberty and in the surrounding fields which clarify why this is MS61 and not a point or so h igher. Frosted head on Liberty.
This rare quarter eagle was made during the year John Quincy Adams was elected as a one-term President. Adams, the son of the second U.S. chief executive, was one of the most capable men to hold the highest office in the United States. Contemporaries got a glimpse of his intellectual savvy when, as Secretary of State under President James Monroe, Adams served as the architect of the Monroe Doctrine. The gold coins made during the 1820s were mainly half eagles, as this is the size and weight of similar European gold coins that exporters, importers, bankers, and merchants preferred. The lowly quarter eagles were made in dribs and drabs throughout the 1820s. In some years, none were made. 1824 is characteristically rare in all grades. This is especially so in Mint condition. Pop 6; 3 finer, 2 in 63, 1 in 64 (PCGS # 7663) .
Each and every quarter eagle of the early (1796-1834) range is a rarity in an absolute sense, and only the connoisseur with true patience is able to assemble a complete set of dates and overdates. Many times a coin such as this 1824 will be off the market for up to 20 or 30 years, making this an opportunity for the advanced buyer and specialist.
Estimated Value $25,000 - 27,000.
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| Realized $24,150 |
