1834 Quarter Eagle (1834 $2.5) Classic, NGC AU58 CAC. The first collectible gold coins without the need of breaking the bank were struck in 1834. This is a nice example of the first classic head quarter eagle struck in that year to the extent of 112,234 pieces made for circulation. Designed by William Kneass, the classic head gold coins were minted for a short period in the 1830’s. These were the first gold coins which were not widely melted and exported, as had been the case with the gold coins struck after 1795. As a result, many were saved and finding nice examples of this series is not too difficult.

The present piece is a nice, about uncirculated coin, with only the slightest rub on the high points of the design. Nice original toning with shades of a darker golden color, which highlights the strong strike. A very nice example of this 175 year old gold coin produced for just six years.

In its population report as of March 2011, CAC shows 9 in AU58 with 26 better.