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Obverse of 1832 Quarter Eagle     Reverse of 1832 Quarter Eagle


1832 $2-1/2 DOLLARS
OR QUARTER EAGLE

PCGS No: 7672

Mintage:

Circulation strikes: 4,400
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

Significant examples:
PCGS MS-62.  Ex – American Numismatic Rarities, LLC’s “The Classics Sale,” July 25, 2003 , Lot 639, illustrated, sold for $16,675.00.  "Breen-1, B-1635, Rarity-4"

NGC AU-58 (illustrated above). Ex - Superior Galleries' "Pre-Long Beach Sale", June 5-7, 2000, Lot 2084, where it was described as follows: "1832 NGC AU58 A coin whose provenance includes the Byron Reed collection. Numerous small marks are a feature of the obverse, although this is tempered somewhat by ample luster. Also, it should be pointed out the devices are boldly struck. The reverse is much choicer, and again, has an excellent strike."  Price realized - $5,635.00

Recent appearances:
PCGS AU-55.  Ex - Ira & Larry Goldberg Coins & Collectibles, Inc.'s "Benson Collection, Part I", February 16, 18-20, 2001, Lot 3936, illustrated, sold for $6,325.00

PCGS EF-40.  Ex - Ira & Larry Goldberg Coins & Collectibles, Inc.'s "Benson Collection, Part I", February 16, 18-20, 2001, Lot 3937, illustrated, sold for $5,290.00

Notes:
"The mint changed to the capped bust left of Liberty in 1821, with a minor change to reduced size planchets in 1829-34. The head and eagle were by Robert Scot. Mintage, which was low throughout the period, came to a mere 4,400 pieces in 1832, hardly worth the effort to produce. Compare to the more than 157,000 total for the 1832 Half Eagle, the preferred denomination in those days for export purposes."

- from the description of Lot 2084 in Superior Galleries' "Pre-Long Beach Sale", June 5-7, 2000

The finest Uncirculated example graded by PCGS is a single MS-63.

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