1824/1
$2.50 Quarter Eagle NGC MS61 (BD-1, R-5) - Of
great rarity and importance, this Mint-State Capped
Head quarter eagle is among the finest known of the
date. This date had a mere mintage of just 2,600 pieces,
and all were struck from a single die pair. The obverse
was overdated from a leftover 1821 die, which was the
last year this denomination had previously been struck.
The reverse die was previously used to strike all 1821
quarter eagles, but did not show any signs of use yet.
The total number of survivors of this
issue has been estimated to be between 50 and 60 pieces
in all grades. Most are in circulated grades, or were
mistreated during the last 185 years, showing damage
and signs of cleaning. Truly uncirculated examples,
such as the present piece, are incredibly rare. Both
PCGS and NGC have graded only a handful pieces finer,
scarcely available to collectors.
The present piece is boldly struck,
with all details on both sides being virtually complete.
All radial stars in the stars are visible, and the under
digit of the 4 is clearly visible as well, indicating
that this is an early die state. Wholesome and totally
original, the reverse is toned to a slight darker gold-green
color, which adds to the effect of this coin. Unlike
many other survivors of this rare issue, this coin was
never dipped, adding to the great originality of this
already wonderful capped bust gold coin.
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