NEW - $2.50 - 1824/1 PCGS MS62

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NEW - $2.50 - 1824/1 PCGS MS62

47,500.00

Date…….1824/1
Grade…….PCGS MS62
PCGS Price Guide.….…...55000
Population (PCGS).…...….1/3
Population (NGC).….…..…2/1
Serial Number……7663.62/38453156
PCGS Lookup Number…….7663

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RARE PCGS MS62 1824/1 $250

BD-1, R-5.

The short-lived Capped Head Left Large Diameter Quarter Eagle type was issued for only five years with a grand total of 17,042 pieces produced. In 1824, there were 2,600 struck—all overdates—of which an estimated 50-60 exist. There are probably not more than 10 Uncirculated 1824/1 quarter eagles extant, with the majority in the MS60 to MS62 range. This date is very rare in properly graded MS63, and it may be unique in MS64 with the highest graded at PCGS a coin owned by D.L. Hansen which was last sold for $91,063 as Heritage 2016 FUN: 5537.

This specific coin has been off the market since 2006 and it is uncharacteristically frosty with excellent luster and totally natural russet and rich orange-gold hues on both sides. As is typical for this design, the centers are not fully brought up with the most weakness seen at the left center reverse. There are scattered marks on the surfaces which are likely the result of this coin having been transported loose in a bag many, many years ago. The overall eye appeal is excellent.

The last Uncirculated 1824/1 quarter eagle to sell at auction was a PCGS MS63 which brought $70,550 as Pogue II: 2049. Prior to this, two PCGS MS61s were sold; a non-CAC piece which brought $36,719 as Heritage 7/13: 3295, and a CAC approved piece which I purchased for $40,250 in the Stack’s Bowers 2012 ANA.

This is a very important coin which is likely to be of interest for both quarter eagle specialists and advanced type collectors.

FROM THE HOUSTON COLLECTION

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