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1834 Quarter Eagle

1834 Quarter Eagle - In 1834, 4,000 Capped Head quarter eagles were minted. Despite a mintage nearly equal to others in the series, 4,000 for 1834 up to 4,540 for 1830, the last issue, the 1834 quarter eagle, is the rarest date. Obviously the vast majority of pieces were destroyed when the weight was reduced with the Classic Head No Motto issue. Almost all Capped Head survivors are in high grade with none certified below XF45. Like the others in the series, only one die pair was used making only one variety. It has 147 obverse dentils and 149 reverse.

John Reich designed the coin. It shows a capped head of Liberty facing left. She is encircled with thirteen six-pointed stars; the date is below the truncation. LIBERTY is inscribed on the headband of her Phrygian cap. Her hair falls beneath her cap in luxurious curls. The reverse is similar to the previous design with a heraldic eagle facing left. Its mouth is opened and its wings are outstretched. However, its feathers are more even and less ragged than on the previous type. A banner above its head bears the motto E PLUIBUS UNUM. In its claws it holds the arrows and olive branch, symbols of preparedness and peace. Below the eagle is the denomination written 2 ½ D. The whole is surrounded by the inscription UNITED STATES OF AMERICA interrupted by the wing tips. Dentils are at the periphery of both sides and the edge is reeded.

In its population report, PCGS shows 9 pieces certified in all grades with 4 in Mint State, the finest of which is a single MS63 example. NGC also has 9 certified and its finest is an MS63 as well. These numbers do not account for crossovers or resubmissions; however, they do show why the 1834 quarter eagle has an R6 rarity rating.

Neither of the grading services has certified a proof coin of this date, yet the specimen from the
Bass collection may have been a proof. The question that has been raised is whether the coin is a proof or a deep prooflike piece like many in the series.

Weight: 4.37 grams
Composition: .9167 gold, .0833 silver and copper
Diameter: 18.2 millimeters
Edge: reeded


Early Quarter Eagles


US Rare Coin Investments 2003 - 2015 U.S. Rare Coin Investments

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