SOLD – $2.50 – 1832 PCGS MS62

1832_250_P62.jpg
1832_250_P62.jpg
sold out

SOLD – $2.50 – 1832 PCGS MS62

39,500.00

Serial Number 7672.62/28574291

PCGS Lookup Number 7672

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The short-lived Reduced Size Capped Head Left quarter eagle series was made only from 1829 to 1834. A total of 25,023 coins were made during this six year period and a great majority of these were melted in 1834 when the weight of all gold coins were reduced. As a date, the 1832 is not as rare as the 1833 or 1834, but I see it less frequently than the 1829, 1830 and 1831.

This is a beautiful fresh coin which has been off the market since 1984. It is “crisp” and wholesome in appearance with no signs of the cleaning or processing which is endemic to this design type. The color is a nice medium lemon-gold and there is a good deal of reflective luster on the obverse; the reverse is a touch more frosty in texture. Both sides have some light marks which limit the grade but this coin has more eye appeal than one would expect for an MS62.

The last PCGS MS62 example of this date to sell at auction was Heritage 11/12: 4728 which brought $32,900. While approved by CAC and a nice example for the grade, I think this coin was not as fresh or appealing as the piece I offer here.

PCGS has only graded one example of this date higher than this (an MS63) and that coin has not appeared for sale since May 2000; it is likely in an NGC MS64 holder today.

This is an exciting example of one of the rarest early gold types and it offers the date or type collector to obtain a coin which might not appear again for a number of years.

Ex Auction 84 (Paramount session) lot 860 and accompanied by the original tag.