Capped Bust $2-1/2 Gold Basic Set, Circulation Strikes (1808-1834)
The early gold coins of the United States are among the most coveted and rarest items in the numismatic world. This is due both to extremely limited original mintages as well as prolific melting that took place during the late 1820s and early 1830s when the bullion value of the coins exceeded their face value. The Capped Bust Quarter eagles were struck intermittently during this period, with none made between 1809 and 1820. The 1808 is a one year type coin, and consequently enjoys substantial demand from those seeking a complete US type set. Most of the remaining dates are about equal in rarity, but a nice AU or better example will run into the low five-figure range.