Lot 1693
1832 BD-1 Rarity 4. PCGS graded AU-53. Well struck and problem-free. Just normal light handling marks for the grade. Delicate antique toning surrounds the borders. This variety was cataloged as Breen-1 in his earlier monographs from the 1960s, the only Quarter Eagle variety of the date. It represents the final Quarter Eagle variety struck at the first United States Mint building in Philadelphia. In early January of 1833, the second Mint building was ready for occupation after some delay. Thus, the coinage of 1832, from half cents through half eagles, represent the end of an important period in United States numismatics. The 1833 Mint Report, submitted on January 19th of that year by Mint Director Samuel Moore, recorded the mintage of 1832 quarter eagles as 4,400 coins, or $11,000 face value. Today, we estimate that 80 to 100 are known, making this year Rarity-4. In the time period covered by Dannreuther’s guide book to early U.S. gold coins, 1990 to 2005, there were reported to be 70 auction appearances of the 1832 Quarter Eagle.
This handsome AU53 example is a sharply struck with the exception of the highest hair wave above the ear; attractive light gold color and lightly abraded surfaces, just enough to keep it out of a choicer category. The opportunity to bid on this issue in any grade is an valuable one, and it is even more important given the respected old-time coin dealer from whom it came. Pop 8; 31 finer (PCGS # 7672) .
Estimated Value $10,000 - 12,000.
Ex: Purchased from Abner Kreisberg in the 1970's The Del Valle Collection.
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| Realized $16,450 |
