1834 Classic Quarter Eagle NGC MS65

A Real Classic

The 1834 remains the most plentiful Classic Head quarter eagle issue in high grade, despite its mintage of little more than 112,000 pieces being significantly lower than the production totals of the following two years. In the years leading up to 1834, gold coinage did not actively circulate in the United States, as the coins contained more bullion value than their face value, prompting individuals to melt the coins down at a profit. In 1834, William Kneass’s design marked a reduction in weight from 4.37 gm to 4.18 gm. The weight reduction returned the gold value of the quarter eagle to its face value, allowing this denomination to once again circulate domestically. This one is sharply detailed and highly lustrous with flashy, semi-prooflike surfaces. The NGC population is just 15 (two of which are star coins) with two higher. Listed at $52,500 in the NGC price guide.

Offered at $41,975 delivered

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