Lot 3193
1834 $2.50 Classic Head. Sharpness of AU-55. Well struck and lightly toned. We note a light tar streak near the nose. This was probably present on the planchet when struck. To permit gold coins to circulate at par -- which had not happened since 1815 -- Congress reduced the authorized weight of the various denominations through the Act of June 28, 1834. On August 2, 1834, the new standard went into effect with this attractive petite coin being the result. For the quarter eagle the weight was reduced from 67 grains to 64 grains.
Estimated Value $700 - 800.
Ex Superior's Feb. 1973 Auction, lot 118.
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| Realized $1,955 |
