Lot 1357
1826/5 $2.50 Capped Head. . BD-1. ICG graded Details of MS-60 Cleaned. Very well struck with semi reflective fields and all lightly toned. Some light hairlines in the reverse field are well obscured by the delighful toning. A very attractive example of this coveted date, the rarest of the Capped Head Quarter Eagles and one of the classic rarities of early gold. A mere 760 were struck.
Mintages in all instances were low on this type, with the production of one year, this 1826, estimated at just 760 pieces! The business strike mintage 1821-1834 totaled 42,065, and perhaps 100 to 150 Proofs were also made. During the entire production run of the design, such coins did not circulate at par, but traded at a slight premium. While many were exported and melted abroad, it is thought that most were melted domestically.
Estimated Value $10,000 - 12,000.
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