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首席收藏网 > 数据中心 > Stack's Bowers and Ponterio > SBP-苏富比2015年9月纽约波格集藏Ⅱ

Lot:2058 1834 Classic Head Quarter Eagle. McCloskey-1. Small Head. Mint State-65 (PCGS).

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外国钱币

USD 30,000-60,000

SBP-苏富比2015年9月纽约波格集藏Ⅱ

2015-10-01 07:00:00

2015-10-01 12:00:00

USD 47000

SBP

成交

The progress of our gold coinage is creditable to the officers of the Mint, and promises in a short period to furnish the country with a sound and portable currency. -- Andrew Jackson, Message to Congress, December 1, 1834.A splendid example, with bold yellow gold surfaces that show translucent pastel blue just inside the rims. Thoroughly lustrous and natural in appearance, the fields are somewhat reflective but still show strong cartwheel. Some scattered light lines are noted, but no heavy marks or distractions. A short scratch behind the lower curls parallel to star 12 is hardly notable. The strike is very sound despite softness above the ear and along the line of the rolled curls above the brow. A tiny natural planchet chip is noted above star 1.Struck according to the precepts of the Act of June 28, 1834, this is one of the finest survivors of the first "new tenor" gold coinage. By diminishing the weight standard for a new quarter eagle to "fifty-eight grains pure gold, and sixty-four and a half grains of standard (i.e. alloyed) gold," the quarter eagles intrinsic value in gold was, at last, the same as the value of two and a half dollars in American silver coins. It had been decades since gold and silver coins could circulate on equal footing, an imbalance that forced gold coins into a non-circulating role while American commerce was conducted with paper money, U.S. silver coins, and mostly worn-out foreign silver coins.The mintage of 1834 new tenor quarter eagles was 27 times greater than the mintage of 1833 old tenor quarter eagles, but rather than being exported or serving as bullion deposits in banks, the new coins actually circulated. Newspapers across the country excitedly reported seeing the new coins for the first time, publishing updates on mintage figures and hopeful editorials on what the "Gold Coinage Act" would mean for the American economy. Referred to by some as "Jackson Gold," the new tenor coins started appearing beyond Philadelphia in the late summer of 1834. Throughout autumn, more than $200,000 worth of gold coins were struck per week, consisting entirely of quarter eagles and half eagles, while the citizenry worried that too much of it was going to the banks and not enough into the pockets of common folk. Of course, the Mint delivered coined gold to those who deposited gold for coining, and most depositors were banks. Much of the gold deposited by the banks was pre-1834 products of the United States Mint, for which the Mint paid a premium, guaranteeing the rarity of those coins for modern collectors. "Old coinage, now in existence, will pass thus ... the quarter eagle, $2.66 3/4, this being the true value of the pure gold," reported The Knickerbocker: Or, New York Monthly Magazine as new tenor gold coins started to appear in New York in August 1834.The die varieties of Classic Head gold coins are today known by numbers assigned by John W. McCloskey, whose attributions for Classic Head half eagles were published in the proceedings of the American Numismatic Societys Coinage of the Americas Conference in 1989. His work on quarter eagles remains largely unpublished. This die, one of just two used for the entire 1834 new tenor quarter eagle coinage, was produced with an obverse hub Walter Breen called the "Small Head." The other die is seen in the following lot.

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