1828 QUARTER DOLLAR
Mintage:
Circulation strikes: 102,000
Proofs: estimated 10
Designer: John Reich
Diameter: ±29 millimeters
Metal Content:
Silver - ±89%
Copper - ±11%
Weight: 104 grains (6.74 grams)
Edge: Reeded
Mintmark: None (all
dates of this type were struck at Philadelphia)
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Images courtesy of Superior
Galleries
Varieties (4):
Browning 1 - Very Common
Browning 2 - Scarce
Browning 3 - Scarce
Browning 4 - Scarce
Significant examples:
NGC MS-65 (illustrated above). Ex -
Superior Galleries' "Pre-Long Beach Sale", October 1-3, 2000,
Lot 3143, where it was described as follows: "1828 B-4 NGC MS65
Exquisite strike, luster and toning. As handsome a coin as you could
imagine, one whose surface has toned medium silver-gray with pleasant
blue-steel to deep sunset golden hues. Everything gleams; the whole coin
is a testament to its careful preservation, as is the strike a good
indication just how well this was struck by the dies. All devices sharp:
stars, curls, cap and drapery with clasp; eagle's neck feathers and beak,
claws, shield, and all of the legend. Don't let this gem pass you
by! Historians have described the forty years before 1834 as the
silver period in United States coinage history. As a matter of fact it was
a period of nondescript currency, made up of bank notes, underweight
foreign gold coins, foreign silver coins of many varieties, and domestic
fractional silver coins such as this 1828 Bust Quarter Dollar. Adverse
conditions prevented the circulation of adequate quantities of silver as
well as gold. It was not a silver period except in the sense that a
mixture of foreign and domestic silver coins served inadequately as a
reserve for bank note issues. In the words of Neil Carrothers,
eminent historian of fractional money in America, "Congress failed to
see the simple, obvious, and immediate solution of the problem. At any
time from 1792 to 1834 the application of the subsidiary coinage principle
to the quarter, dime, and half-dime would have revolutionized the currency
situation. The copper coins were demonstrating in a small way the
possibilities of fiduciary coinage, and subsidiary coinage on a national
scale. But members of Congress as a group were not familiar with monetary
principles. No Director of the Mint or Secretary of the Treasury from 1792
to 1850 recommended a subsidiary coinage or indorsed the English
system."
Recent appearances:
See variety listings
Notes:
The finest Uncirculated examples graded by PCGS are 3 MS-65's.
The finest Uncirculated "25/50C" example graded by PCGS is a
single MS-63.
The finest Proof example graded by PCGS is a single PR-65.
Sources and/or recommended
reading:
"The PCGS Population Report, July 2003" by The
Professional Coin Grading Service
"John Reich Journal,
January 2001", Volume 13, Issue 2, page 15
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