The 1834 Capped Bust Quarter Proof is a rare and fascinating coin that collectors often seek. Made at the Philadelphia Mint, this coin has a rich history and features a unique design. Understanding its background and significance can help collectors appreciate its value. This guide will explore its history, design, and why it is considered a coveted piece in numismatics.
Overview of the 1834 Capped Bust Quarter
In 1834, the Philadelphia Mint produced 286,000 Capped Bust Quarters for general circulation. However, only about 10 Proofs were made using a special die known as Browning 2. This die was used for both the Proofs and regular business strikes. The Browning 2 die is significant because it is believed to be the first die used for this series. This connection to the die is important for collectors, as it helps distinguish these coins from regular strikes.
Unique Features of the Browning 2 Die
The Browning-2 die pair has some distinctive characteristics. Notably, the reverse side of the coin features an eagle with a “tongue,” which is not found on other die variations. This special detail makes the Browning 2 unique among other coins produced in the same year. On the front (the obverse), you can see the number 4 slightly tilted, which adds to its identification.
The 1834 Proof and Its Historical Significance
The 1834 Capped Bust Quarter Proof has a special connection to U.S. history. On November 11, 1834, Secretary of State John Forsythe asked the Mint to create coin sets for the King of Siam and the Sultan of Muscat. These sets included all coin denominations, packaged beautifully in wooden boxes. This was a diplomatic effort, showcasing American craftsmanship.
At this time, most coins were not being produced, as some were placed on hold to reduce the export of precious metals. However, the Mint created novodels of the 1804 Draped Bust Dollar and used the 1834 designs for the other coins, including the Capped Bust Quarter.
Surviving Examples and Market Data
Despite the small number made, at least seven examples of the 1834 Capped Bust Quarter Proof are known to still exist today. These coins have varying grades, which significantly affect their market value. The highest graded examples have achieved impressive sale prices at auctions, reflecting the high demand among collectors.
Noteworthy Specimens
Here are a few notable examples of the 1834 Capped Bust Quarter Proof and their auction results:
| Grade | Details | Sale Price | Auction House | Date |
|---|---|---|---|---|
| PCGS PR67CAM | Col. E.H.R. Green Collection | $329,000 | Stack’s Bowers / Sotheby’s | May 2015 |
| NGC PF66+CAM | Eric P. Newman and B.G. Johnson Collection | $198,000 | Heritage Auctions | January 2019 |
| PCGS PR65 | King of Siam, purchased in England | Sale Price Varies | NGC PF65 | Various Dates |
| PCGS PR64+ | DLRC, vivid target rainbow toning | $62,000 | Auction 2020 | July 2020 |
Design Elements of the 1834 Capped Bust Quarter
The design of the 1834 Capped Bust Quarter is attributed to John Reich, a well-known engraver. The obverse shows a profile of Liberty, while the reverse features an eagle with outstretched wings. The eagle’s tongue on the Browning 2 die adds a unique touch to this coin, making it a must-have for serious collectors.
Coin Specifications
- Country: United States of America
- Year of Issue: 1834
- Denomination: Quarter Dollar (25 cents)
- Mintmark: None (Philadelphia)
- Mintage: Approximately 10 Proofs
- Alloy: 89.24% Silver, 10.76% Copper
- Weight: 6.74 grams
- Diameter: 24.30 mm
- Edge: Reeded
Conclusion
The 1834 Capped Bust Quarter Proof is a remarkable coin with a rich history and unique characteristics that make it highly sought after by collectors. Its limited mintage and connection to important historical events add to its allure. If you’re interested in coin collecting or just curious about American history, understanding the significance of this coin is a great place to start. Collecting such coins not only connects you to the past but also adds value to your collection.
FAQ’s
What is the 1834 Capped Bust Quarter Proof?
The 1834 Capped Bust Quarter Proof is a rare coin minted in Philadelphia, with only about 10 known examples produced. It features a distinctive design, including a unique reverse with a tongued eagle, and is highly sought after by collectors due to its historical significance and limited mintage.
How can I tell if I have an authentic 1834 Capped Bust Quarter Proof?
Authentic 1834 Capped Bust Quarter Proof coins can be identified by their Browning 2 die features, especially the tongued eagle on the reverse. Additionally, checking for grading certification from reputable services like PCGS or NGC can help verify its authenticity.
Why is the 1834 Capped Bust Quarter Proof considered valuable?
The 1834 Capped Bust Quarter Proof is considered valuable due to its rarity, with only a handful of examples known to exist. Its unique design features, connection to American history, and high auction prices further contribute to its desirability among collectors.