1838 Classic Head Quarter Eagle. McCloskey 1-A, the only known dies. MS-64 (NGC).；Offered is a satiny and beautifully toned survivor of this scarce and underrated Philadelphia Mint issue. Both sides exhibit warm orange-gold patina and an overall smooth texture that is just shy of Gem quality. The strike is full in all areas, and overall this quarter eagle is a delight to behold.<p>The 1838 has one of the lowest mintages (47,030 coins) among Philadelphia Mint Classic Head quarter eagles of 1834 to 1839. The 1834, 1835 and 1836 all have six-figure mintages (the record high going to the 1836 at 547,986 pieces). The Mints generous output in those years was undoubtedly aimed at replacing old tenor gold coins that were melted due to rising bullion prices. By 1837 much of this had been accomplished, however, and it was not until 1843 that the Philadelphia Mint struck more than 100,000 quarter eagles during a single calendar year. The 1838 is the third rarest Philadelphia Mint issue of the Classic Head design type after the 1839 and 1837. Scarce even in the finer circulated grades, this issue is rare at lower Mint State levels and very rare in Choice and Gem Uncirculated. This significant condition rarity has eye appeal to spare and is sure to see spirited bidding among gold specialists.<br />
