1831 $2.50 (Proof)

Series: (None)

PR62 estimated grade<BR>Image courtesy of <a href="http://www.ha.com" target="_blank">Heritage Numismatic Auctions</a>

PR62 estimated grade
Image courtesy of Heritage Numismatic Auctions

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PCGS #:
7686
Designer:
William Kneass
Edge:
Reeded
Diameter:
18.20 millimeters
Weight:
4.37 grams
Mintage:
10
Mint:
Philadelphia
Metal:
91.7% Gold, 8.3% Copper
Major Varieties

Current Auctions - PCGS Graded
Current Auctions - NGC Graded
For Sale Now at Collectors Corner - PCGS Graded
For Sale Now at Collectors Corner - NGC Graded

Rarity and Survival Estimates Learn More

Grades Survival
Estimate
Numismatic
Rarity
Relative Rarity
By Type
Relative Rarity
By Series
All Grades 4 R-9.8 1 / 2 TIE N/A
60 or Better 4 R-9.8 1 / 2 TIE N/A
65 or Better 2 R-9.9 1 / 2 TIE N/A
Survival Estimate
All Grades 4
60 or Better 4
65 or Better 2
Numismatic Rarity
All Grades R-9.8
60 or Better R-9.8
65 or Better R-9.9
Relative Rarity By Type All Specs in this Type
All Grades 1 / 2 TIE
60 or Better 1 / 2 TIE
65 or Better 1 / 2 TIE
Relative Rarity By Series All Specs in this Series
All Grades N/A
60 or Better N/A
65 or Better N/A

Condition Census What Is This?

Pos Grade Image Pedigree and History
1 PR66 PCGS grade
2 PR65 estimated grade
3 PR63 PCGS grade
#1 PR66 PCGS grade
#2 PR65 estimated grade
#3 PR63 PCGS grade
P. Scott Rubin: The 1831 Proof Quarter Eagle is an extremely rare coin. There are probably not more than five true Proofs of this issue. Historically, Proof specimens of this year have been offered at auction at a ratio of about one out of every five listings, but most of the coins described as proofs are really prooflike business strikes. With a mintage of only 4,520, and most of the coins well struck, it appears that many of the business strikes were show prooflike surfaces.

The 1831 Quarter Eagle is known in three die states. At some point in the year, the dies clashed, then the dies were lapped to remove the evidence of the clashing. This lapping may have added a prooflike surface to some of the last coins struck.

This is one date that should be certified in order to prove it is a true Proof striking. The auction records I have reviewed dating back to 1855 show that ninety-six out of five hundred and seven auction sales claim to have been for Proof specimens. This number is obviously overstated because of the many Prooflikes being offered as Proofs.
David Akers (1975/88): Approximately five or six proofs are known.