1831 Capped Bust Quarter. B-4. Rarity-1. Small Letters. MS-63 (PCGS). CAC.Both sides of this richly original example are toned in warm copper-gray that lightens somewhat in the center of the obverse. The strike is well executed with all design elements sharply to fully defined. Popular for type purposes, the first year 1831 Small Letters is one of the more available issues in the challenging and underrated Capped Bust, Reduced Diameter quarter series. This is a premium quality example for the assigned grade that is worthy of a strong bid.