SOLD – $2.50 – 1834 Classic PCGS MS62

1834_250_P62_CAC.jpg
1834_250_P62_CAC.jpg
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SOLD – $2.50 – 1834 Classic PCGS MS62

5,500.00

Serial Number 7692.62/27157979

PCGS Lookup Number 7692

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In 1834, the new Classic Head design was introduced to the quarter eagle denomination. It remained in use through 1839. The 1834 is the most common quarter eagle of this type and this makes it popular with type collectors. It is easy to locate in all circulated grades and sometimes available in the lowest Uncirculated range. It becomes hard to locate in properly graded MS62 and it is rare above this.

This coin is notable for having one of the nicer obverses that I have seen on a Classic Head quarter eagle of any date which is graded MS62. It shows a lovely medium green-gold hue with slightly reflective fields and excellent detail. The reverse is nice as well but it is a bit more abraded with some contact marks in the field above the eagle’s head. This piece has never been cleaned, brightened or “improved” and it has the sort of eye appeal which is not often seen on this type.

The last PCGS MS62 to sell at auction was a coin offered in Heritage’s March 2009 auction where it brought $4,843. Since then, there have been 12 auction records for this date in MS62 and every one has been for an NGC coin.

If you can find one, an 1834 Classic Head quarter eagle graded PCGS MS63 with CAC approval will run in the $11,000-13,000 range. This makes MS62 examples the “wheelhouse” grade for many collectors.

CAC has approved 11 in this grade with 19 finer.