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Lot 3198

Image Information

Type Coin
Title Lot 3198
Date 1830
Side reverse
Grade 62
Service NGC
Service Catalog # 7670
Denomination $2 1/2
Description 1830 $2 1/2 MS62 NGC. BD-1, R.4. Ex: "Col." E.H.R. Green. Bass-Dannreuther Die State a/a. The Mint's ability to strike quarter eagles with a close collar started with the reduced-diameter 1829 issue and continued thereafter. As a result, the production quality improved and sharply struck coins ensued. However, because gold prices were rising, only tiny mintages of quarter eagles were made, and many of the coins were melted almost immediately for their intrinsic value. A light, greenish-gold patina covers the surfaces of this attractive survivor. The fields retain a large amount of prooflike reflectivity as expected because of the scant mintage of just 4,540 pieces. A few light adjustment marks are visible on the eagle's shield, but they are of minimal concern at the assigned grade. When the Coinage Act of 1834 reduced the weight of quarter eagles, mintages increased dramatically. Ex: "Colonel" E.H.R. Green; Green Estate; Partnership of Eric P. Newman / B.G. Johnson d.b.a. St. Louis Stamp & Coin Co.; Eric P. Newman @ $75.00; Eric P. Newman Numismatic Education Society. Realized $22912.50. Description courtesy of Heritage Auctions.

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