1831 Capped Bust Left Quarter Eagle. BD-1, the only known dies. Rarity-4. MS-62 (PCGS).，A lovely Mint State example of this highly elusive early gold type. Pale rose peripheral highlights frame otherwise golden yellow surfaces, both sides vivid and a delight to behold. The finish is a blend of satin and semi-prooflike qualities, the latter evident as modest reflective tendencies in the fields. Apart from a touch of softness at the junction of the eagles right wing and shield on the reverse, as well as in the opposing area on the obverse, the strike is razor sharp over all design elements. Fully Uncirculated, and nearly Choice, this endearing piece is sure to have no difficulty finding its way into an advanced gold type or date set.<p>One of the most challenging series to collect in all of U.S. numismatics, the Capped Head Left quarter eagle of 1821 to 1834 actually comprises two distinct types. The Reduced Diameter issues of 1829 to 1834 were struck in a close collar, whereas their predecessors of 1821 to 1827 were not. William Kneass prepared the dies for the Reduced Diameter issues, incorporating a number of modifications to accommodate the close collar. All dates of this type are rare, the mintages limited due to the fact that the half eagle was the denomination of choice among contemporary gold bullion depositors. Even more relevant to rarity of this type is that most examples were melted after the Act of June 28, 1834 (effective date: July 1, 1834) reduced the weight of the quarter eagle from 4.37 grams to 4.18 grams. The 1831, of which only 4,520 circulation strikes were produced, has an extant population of fewer than 150 coins in all grades, perhaps no more than 125 pieces. This is one of the nicest examples that we have handled in recent memory, and it would serve as a highlight in any numismatic cabinet.，PCGS# 7671. NGC ID: 25FM.，，From the Alexander Collection. Acquired June 17, 1952 from "Lou Ro." Collector envelope with provenance notation included.
