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Obverse of 1842 Quarter Eagle     Reverse of 1842 Quarter Eagle


1842 $2-1/2 DOLLARS
OR QUARTER EAGLE

PCGS No: 7723

Mintage:

Circulation strikes: 2,823
Proofs: estimated 5

Designer: Christian Gobrecht

Diameter: 18 millimeters

Metal content:
Gold - 90%
Other - 10%

Weight: 64.5 grains (4.18 grams)

Edge: Reeded

Mintmark: None (for Philadelphia, Pennsylvania) below the eagle on the reverse

Images courtesy of Superior Galleries

Notes:
The finest Uncirculated example graded by PCGS is a single MS-62.

No Proofs have been graded by PCGS.

According to Q. David Bowers, the 1842 Quarter Eagle was once considered one of the greatest American coin rarities!

Significant examples:
(Illustrated above).  Ex - Superior Galleries 2000 A.N.A. Mid-Winter Sale

Recent appearances:
NGC AU-58.  Ex - Ira & Larry Goldberg Coin & Collectibles' "The Fairchild Family Trust Collection Sale", May 28-30, 2001, Lot 1239, illustrated, sold for $7,187.00

PCGS AU-55.  Ex - Bowers and Merena Galleries "The Rarities Sale", July 31, 2002, Lot 708, illustrated, sold for $9,775.00

ANACS Net EF-40, AU Details, Damaged, Cleaned.  Ex - Heritage Numismatic Auctions, Inc.'s, "Summer 2001 Long Beach Signature Sale", May 31-June 2, 2001, Lot 8842, not plated, unsold

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

Q. David Bowers, "The Joys of Collecting", COIN WORLD, November 29, 1999, page 44