Undervalued series
Take a look at Classic Head gold
The Classic Head gold $2.50 quarter eagle is
represented by 21 die marrr for the common Philadelphia Mint
issues. An Extremely Fine 40 1834 No M example, shown, is
valued at $1,000, according to Coin World's Coin Values.
I am often asked which series in the early federal
coinage is the most underpriced or offers the best value for
money spent.
My answer used to be the quarter dollars, but they have advanced
in value significantly in the last couple of years.
The half dimes and dimes have done well also
and still do offer collectors the opportunity to nearly complete
sets over time. The attribution guides available in these
two series are among the best in all of numismatics.
The half dollars have led the silver issues
for many years but have lagged behind copper coins. That leaves
us with the relatively virgin territory of gold.
A reliable attribution guide has not yet been
published for the Classic Head gold series of quarter eagles
and half eagles for collectors to use, but one is in progress.
John McClo-skey is currently putting the finishing touches
on the guide that will bring the collecting of these series
into the 21st century. Until then, it will take some personal
diligence on the part of the collector of these two rewarding
series. It may be the time to get started, to beat the rush
once the manual comes out!
Both series were produced for a very short period
of time, the quarter eagles from 1834 through 1839 and the
half eagles from 1834 through 1838.
These were also the first series of gold coins
to be minted at the Branch Mints. The quarter eagles were
produced in the Charlotte Mint in 1838 and 1839, and at the
Dahlonega and New Orleans
The Branch Mint products of both denominations
are much more expensive than the Philadelphia Mint coins and
require a substantial financial commitment to obtain them.
So, let's concentrate on the issues of the Philadelphia Mint.
The quarter eagles are represented by 21 die
marriages from the Philadelphia Mint and the half eagles by
31. Coin World's Coin Values prices for the most common quarter
eagles are as follows: Very Fine 20, $600; Extremely Fine
40, $1,000; and About Uncirculated 50, $2,000. The quotes
for the $5 pieces are VF-20, $700; EF-40, $1,100; and AU-50,
$2,000.
Keep in mind the scarcity of these series as a whole. Total
mintages were 968,228 quarter eagles and 2,113,612 half eagles.
You can build a respectable collection qf these wonderful
coins from the Philadelphia Mint on a budget and have fun
looking at many unattributed pieces.
You will have to develop your own set of notes
to identify the different die marriages until the book is
published, but you will be learning many valuable lessons
in how to inspect a coin.