Quarter Eagle - The 1827
quarter eagle had an original mintage of 2,800.
It is the second rarest date of the series and the last large
diameter quarter eagle to be issued. During the years following
the coin’s issue, the price of gold fluctuated. When
it rose past the coin’s melt value, they were withdrawn
from circulation. Often the gold was sold back to the Philadelphia
Mint and the process was repeated. Until the gold content
of these coins was reduced in 1834, they continued to be melted
for bullion. Those coins that survived did so by chance. Very
few specimens exist today with only 40 to 60 known.
The coins of this date are
usually flatly struck on Liberty’s head. Choice pieces
are extremely rare. The stars are much larger than on the
coins of the first three years of this design.
While no proof coins are known
for this date, researchers believe that a few may have been