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Obverse of 1831 Quarter Eagle     Reverse of 1831 Quarter Eagle


1831 $2-1/2 DOLLARS
OR QUARTER EAGLE

PCGS Nos: 7671, 7686

Mintage:

Circulation strikes: 4,520
Proofs: estimated 10

Designer: William Kneass

Diameter: 18.2 millimeters

Metal content:
Gold - 91.7%
Other - 8.3%

Weight: 67.5 grains (4.37 grams)

Edge: Reeded

Mintmark: None (all examples of this date and type were struck at the Philadelphia, Pennsylvania Mint)
     

Images courtesy of Superior Galleries

Notes:
"After Robert Scot died in 1823, the Mint hired William Kneass, a local engraver of bank-note plates, as his successor. One of Kneass' assignments was not to create new designs but to improve existing designs of all series in his spare time, by mechanically multiplying working dies from current device punches. This project yielded modified designs for quarter eagles in 1829

Kneass' modifications were notable for smaller stars and letters (from punches by Christian Gobrecht), redrawn heads and eagles (with a more professionally finished look than Scot's), but most of all for beaded borders surrounded by a plain raised rim produced by a 'close collar.'

Mintage remained of roughly the same quantities as 1821-27, though survivors like this choice 1831 are slightly rarer. Since there was too little bank demand for quarter eagles in any one year to exhaust the effective life of any one obverse die, for each year there is only one variety."

- from the description of Lot 2083 in Superior Galleries' "Pre-Long Beach Sale", June 5-7, 2000

The finest Uncirculated example graded by PCGS is a single MS-67.

The finest Proof example graded by PCGS is a single PR-66.

Significant examples:
NGC Proof-64 Cameo
- Stack's "J.F. Bell" 1944:97
- Numismatic Gallery "Memorable" Collection 03/1948:91, $65.00, "Proof"
- John Pittman
- Akers "John J. Pittman, Part Two" 05/1998:1717, $88,000, "Very Choice Uncirculated - Possible Proof", raw
- Heritage "FUN" 01/2002:7973, NGC PR-64 Cameo, not sold
- Offered by Albanese Rare Coins, Inc. in the December 30, 2003 issue of Numismatic News for $195,000.00

Proof
- J. Colvin Randall, 1885:975
- Parmelee 1890:1004
- William Woodin:946
- Grant Pierce:1085, $3,000.00
- Jimmy Hayes

PR-66 Deep Cameo (per Jeff Garrett)
Smithsonian

NGC Proof-63.  Ex - Bowers and Merena Galleries "The Rarities Sale", July 31, 2002, Lot 700, illustrated, sold for $54,050.00

PCGS MS-64 (illustrated above). Ex - Superior Galleries' "Pre-Long Beach Sale", June 5-7, 2000, Lot 2083, where it was described as follows: "1831 PCGS MS64 With superb strike and reflective fields. This important early gold coin also happens to be in handsome condition. Its color is fresh greenish golden and displays frosted devices, reflective fields, full rims without impairment, and needle-sharp stars. The eagle, too, outshines most all early Quarter Eagles which tend to be found weak in centers.", sold for $22,425.00

Recent appearances:
PCGS MS-62.  Ex - Bowers and Merena Galleries "The Rarities Sale", July 31, 2002, Lot 701, illustrated, sold for $12,650.00

NGC AU-55.  Ex - Heritage Numismatic Auctions, Inc.'s, "Summer 2001 Long Beach Signature Sale", May 31-June 2, 2001, Lot 8831, illustrated, sold for $6,440.00

Choice AU.  Ex - Stack's "The Marvin Taichert Collection of U.S. Type Coins", May 9, 2001, Lot 66, illustrated, sold for $8,337.50

PCGS AU-50.  Ex - Bowers & Merena Galleries' "The Rarities Sale", January 3, 2001, Lot 427, "Breen-6134, B-1", illustrated, sold for $6,325.00  From the Bowers and Merena Rarities Sale, August 1998, Lot 288

AU-50.  Ex- Heritage Numismatic Auctions, Inc.'s "October 2000 Long Beach Sale" October 5-7, 2000, Lot 7060, illustrated, not sold - Ex: Blauvelt Collection (Bowers & Ruddy, 2/77), lot 651

Sources and/or recommended reading:
"Walter Breen's Complete Encyclopedia of U.S. and Colonial Coins" by Walter Breen

"The PCGS Population Report, April 2004" by The Professional Coin Grading Service

Obverse of 1831 Quarter Eagle     Reverse of 1831 Quarter Eagle

Images courtesy of David Akers Numismatics, Inc.

Ex - John Jay Pittman - David Akers Numismatics, Inc. sale of the John Jay Pittman collection