Lot 1883
1832. PCGS graded AU-55. Untoned with semi reflective fields and attractive surfaces. The vast majority of this rare type coin were melted long ago as the price of gold rose in relative value in the early 1830s to where it was quite profitable to melt our gold coinage, simply for the gold bullion they contained. This situation became so out of control that in mid 1834 the Mint, following the orders of Congress, reduced the gold content in the quarter eagle and half eagle coins, enough to keep them in circultion and out of the melting pots. This change came a bit too late for the meager issue of 1832 quarter eagles, and that's why so few of these exist today. Collector demand vastly outstrips the scant supply of these, and they remain in high demand. Only 4400 struck. Pop 11; 22 finer. (PCGS # 7672) Estimate Value $12,000 - 13,000
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| Realized $18,000 |
