ON HOLD - $2.50 - 1824/1 PCGS AU58 CAC

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sold out

ON HOLD - $2.50 - 1824/1 PCGS AU58 CAC

25,500.00

Date…….1824/1
Grade…….PCGS AU58 CAC
PCGS Price Guide…….26500
Population (PCGS)…….5/9
Population (NGC)..……8/10
Population (CAC)..……2/4
Serial Number…….7663.58/10880689
PCGS Lookup Number…….7663

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RARE 1824/1 QUARTER EAGLE, PCGS/CAC AU58

BD-1, R-5.

The Capped Head Left/Large Planchet type was made for five years (1821 and 1824-1827) with a total net mintage of just 13,042. Only 2,600 were dated 1824/1 (all are overdates) and it is doubtful if more than 60-70 pieces are known. Properly graded Choice AU pieces are very scarce and there are around a dozen known in Uncirculated with the nicest of these a pair graded MS64 at PCGS.

This piece is totally fresh to the market and it is an early die state with a mostly reflective obverse which displays neat cameo contrast between the frosted device and the mirror-like fields. There are some light splashes of russet on the obverse high spots while the reverse is an even light greenish-gold. Both sides are clean for the grade and this piece shows no real wear, just some cabinet friction on the high spots. The strike is typical for the issue with some weakness on the shield lines but this is a really good-looking coin.

Just two PCGS AU58 1824/1 quarter eagles have sold at auction and these were the same coin. In March 2017, that piece realized $18,800 in the Stacks Bowers Baltimore sale and it earlier brought $19,975 in that firm's February 2016 sale.

Not many collectors specialize in early quarter eagles by date, so this is more likely to be considered a type coin. We note that a competitor recently had an 1825 quarter eagle in PCGS/CAC AU58+ advertised at $35,000 and the 1824/1 is a much scarcer date. One of the more interesting early quarter eagles which DWN has offered in many months.

CAC has approved two in this grade with four finer.