1829 $2.50 MS(PCGS#7669)

Summer 2026 Global Showcase Auction U.S. Coins

Auctioneer

Stack's Bowers

Lot Number

2207

Grade

AU58

Price

19,520

Lot Description

BD Die State a/a. The rarity of the Capped Head Left quarter eagle as a type is sure to result in keen bidder interest in this attractive 1829. The eye appeal is strong for the assigned grade, with the surfaces showing rich color in green-gold. There is considerable reflectivity in the fields, and the finish is semi-prooflike, as might be expected given the limited mintage (see below). The design elements are sharply to fully rendered with a frosty texture.<p>Beginning in 1829, quarter eagles were struck with a reduced diameter collar and a distinct upset rim that resulted from the introduction of the Mint's new Rush & Muhlenberg coining press and modified dies by William Kneass. The modifications to the design along with the technological innovation made for coins with improved striking and wear characteristics. Even with the new press, quarter eagle production remained low, with just 3,403 struck in 1829. The half eagle remained the preferred coin of contemporary bullion depositors throughout the early 19th century, and it was that denomination that claimed the lion's share of the gold deposited with the Mint each year. The 1829, in fact, has the lowest mintage in the Reduced Diameter portion of the Capped Head Left quarter eagle series and, while it is not the rarest date, it is still highly elusive with only 70 to 90 coins extant in all grades (per John W. Dannreuther, 2006). The offered coin is well above average for the issue and worthy of a strong bidding strategy.