Lot 1930
1835. PCGS graded MS-62+. Block 8 in Date. Both sides are immersed in vivid bright golden color that accents the rich satiny luster. Clear-cut devices are a result of having been fully struck, with the dies themselves showing traces of noticeable clashing on both the obverse and reverse. There is a ghost image of the reverse shield lines around Liberty's ear on the obverse. An impressive looking specimen that should delight any numismatist.
To permit America's gold coins to circulate at par, which they had not done 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; for the quarter eagle, the weight was reduced from 8.75 grams to 8.36 grams. To readily distinguish the new coins from the old, modified designs were introduced. Chief Engraver William Kneass created what we now call the Classic Head. A head of Liberty faces left, her hair secured by a band inscribed LIBERTY in raised letters, 13 stars circling her head, with the date below. The reverse depicts an eagle with a shield on its breast, perched on an olive branch and holding three arrows. UNITED STATES OF AMERICA and 5 D. surround. The motto, E PLURIBUS UNUM, used on half eagles since 1795, was omitted. Mintage quantities were large in the first several years of the coinage span, with the high-water mark being 1834. Pop 1; 37 finer (PCGS # 8173) .
Estimated Value $7,000 - 7,500.
|
| |
| Realized $7,050 |
