1831 $2.50, CAM (Proof)

Series: (None)

PCGS PR67CAM

PCGS PR67CAM

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PCGS PR64CAM

PCGS PR64CAM

PCGS PR63CAM

PCGS PR63CAM

PCGS #:
87686
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

Condition Census What Is This?

Pos Grade Image Pedigree and History
1 PR64CAM PCGS grade
2 PR63CAM PCGS grade
2 PR63CAM estimated grade

Stack’s “J.F. Bell” 1944:97 - Numismatic Gallery “Memorable” 3/1948:91, $65 - John Jay Pittman - David Akers 5/1998:1717 - Heritage 11/2001:1497, not sold - Heritage 1/2002:7973, not sold - American Numismatic Rarities 3/2005 - Goldbergs 2/2006:890, $148,350 - Ohringer Family Trust Holdings - Goldbergs 9/2008:1228, $126,500 - Heritage 4/2012:5213, $117,875

4 PR62CAM estimated grade

Heritage 4/30/2009:2674, $74,750 - Heritage 1/2012:4736, $89,125

#1 PR64CAM PCGS grade
#2 PR63CAM PCGS grade
#2 PR63CAM estimated grade

Stack’s “J.F. Bell” 1944:97 - Numismatic Gallery “Memorable” 3/1948:91, $65 - John Jay Pittman - David Akers 5/1998:1717 - Heritage 11/2001:1497, not sold - Heritage 1/2002:7973, not sold - American Numismatic Rarities 3/2005 - Goldbergs 2/2006:890, $148,350 - Ohringer Family Trust Holdings - Goldbergs 9/2008:1228, $126,500 - Heritage 4/2012:5213, $117,875

#4 PR62CAM estimated grade

Heritage 4/30/2009:2674, $74,750 - Heritage 1/2012:4736, $89,125

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.