1829 Capped Head Left Quarter Eagle. BD-1, the only known dies. Rarity-4+. Unc Details--Cleaned (NGC).

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 stronger than what one might expect for the assigned grade, with the surfaces showing rich color in olive-orange. 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. Evidence to support the NGC qualifier is minor and easily overlooked, specifically faint hairlines that detract little from surfaces that are free of sizeable marks. BD Die State a/a. 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 assigned grade and worthy of a strong bidding strategy.

PCGS# 45523. NGC ID: BFW7.

Estimate: $7500