Lot 1343
1833 $2.50 Capped Head. NGC graded MS-63 BD-1, R-5. Nice golden toning. Few other early types win the competition against the Capped Head Left series of quarter eagles minted in the 1820s and 1830s for dependably low mintage and rarity. Most saw the insides of a melting furnace within a few years after their production when the intrinsic value of the gold content exceeded the face value. Among the most difficult dates in the series to acquire in Mint condition is the 1833. In fact, it is surpassed only by the elusive 1834 With Motto, an issue that saw almost its entire production melted before it could be released into circulation. This vibrant yellow-gold specimen comes somewhat soft at the centers and on the obverse stars, as is normally seen. There is a series of adjustment marks across the shield on the reverse. An key offering for the early gold specialist. Only 4,160 minted. Pop 3; 8 finer; 6 in 64; 1 in 66; 1 in 67. (PCGS # 7673) .
The design of 1829-1834 is similar to that of 1821-1827 except that the date numerals, stars, and letters are slightly smaller, and the rim appears more prominent. The entire effect is less delicate than that of the 1821-1827 years. The design is properly attributed to John Reich, but with modifications by Chief Engraver William Kneass.
Estimated Value $28,000 - 30,000.
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| Realized $27,600 |
