Coin Specifications

Category: Early $2.50 (1796-1834)
Mint: Philadelphia
Mintage: 3,403
Catalog: KM-49
Obverse Designer: John Reich
Reverse Designer: John Reich
Composition: Gold
Fineness: 0.9160
Weight: 4.3700g
AGW: 0.1287oz
Melt Value: $160.55 (10/20/2014)
Diameter: 18.2mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
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1829 $2.5 MS obverse 1829 $2.5 MS reverse

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There are no varieties for this coin.

Description & Analysis

Each of the six Capped Bust quarter eagle issues from the 1829 through 1834 With Motto is known by single die pairings. So few were made, there was simply no need for multiple dies for the coins, each produced in a range from 3,400 to 4,500 pieces per year.

For most of early Mint history, the quarter eagle was the red-headed stepchild of American numismatics. In one of Walter Breen's more-poetic phrases that happens to be demonstrably true, he wrote concerning the early quarter eagle denomination in his 1988 Complete Encyclopedia:

"The problem is less why the coins are rare, why so few were made to begin with, but why any were struck at all! To judge from available Archives records, they were ordered on whim by a few local banks (principally the Bank of Pennsylvania and the Bank of the United States); to judge from the condition of survivors, they spent most of their time in vaults. Between 1803 and 1833, the Mint's major output consisted of cents, half dollars, and half eagles; all other denominations had a kind of poor-relative status--seldom called for, few made, little welcome."

In fact, from its first 1796 No Stars quarter eagle mintage in 1796 through the Capped Bust, With Motto issue of 1834, the Mint would eke out a stingy mintage of only 64,262 quarter eagles--23 Guide Book dates and varieties, with a total face value of $160,655. In comparison, the single 1802/1 half eagle mintage, by itself, was 53,176 pieces with a face value of $265,880.

Because the quarter eagles of 1829 had a reduced diameter that required a proportional decrease in the size of the design and lettering, both the obverse and reverse are new for the year. The following year, 1830, saw a second reverse introduced, showing repunching on the U of UNITED; that reverse continued on the five issues up through the design's end in 1834. In other words, although all of the 1829-1834 With Motto quarter eagle issues are produced from single die pairings, there were six obverse dies--one obverse for each date--paired with only two reverse dies.

Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.


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Price Guide

Last Updated: 8/27/2014

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1829 $2.5 MS
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Total Graded: 42
Low Grade: 40
Average Grade: 61
High Grade: 65

Upcoming Auctions

Auction Prices Realized

A random selection of coins is shown below.

Auction House
Sale / Lot
8/13/2006 PCGS MS 67   Heritage Auctions 2006 August Denver, CO Signature & Platinum Night Auction #414, 414/Lot# 5423 $316,250.00
7/8/2010 NGC MS 64   Heritage Auctions 2010 July Orlando, FL (Summer FUN) Signature US Coin Auction #1142, 1142/Lot# 4528 $51,750.00
8/11/2010 PCGS MS 62   Heritage Auctions 2010 August Boston, MA Signature & Platinum Night ANA Coin Auction #1143, 1143/Lot# 3410 $46,000.00
3/17/2011 NGC MS 61   Heritage Auctions 2011 March Sacramento Signature ANA US Coin Auction Session(3), 1153/Lot# 4613 $20,815.00
3/8/2012 NGC Details UNC Details  Heritage Auctions 2012 March 8-9 US Coin Signature Auction - New York Session(2), 1168/Lot# 3935 $13,800.00
8/6/2014 PCGS AU 55   Stack's Bowers August 2014 Chicago ANA, 6014/Lot# 11024 $12,925.00

NGC Registry

NGC Registry Score 1829 $2.5 MS
1829 $2.5 MS Prooflike
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