1821 Capped Head Quarter Eagle PCGS MS60

Rare Unc.

 It had been 13 years since the last quarter eagles were coined until this denomination was resumed again. Production remained low with 6,448 produced in 1821. And only 17,042 pieces were coined for the entire type! As John Dannreuther points out: “Besides the usual factors that remove coins from circulation–wear, loss, and so on–the early gold issues faced another factor that doomed many of them. Pre-1834 old coins were melted after the June 28, 1834 passage of the act reducing the weight of gold coins.” The 1821 quarter eagle is the first issue of this design, and the entire mintage is from a single die pair. Because so few business strikes were coined after the proofs, nearly all have reflective surfaces as on this coin. Its color is more yellow-gold, as opposed to the orange-gold seen in our images. More importantly, it looks much more appealing than expected for the assigned grade. The PCGS population is 2 with 11 higher.

Offered at $39,275 delivered

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