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QUARTER DOLLAR 1831-1838 Capped Bust, Small Diameter

Description

In the years 1829 and 1830, there was no coinage of Quarters. This fact is made more poignant by the knowledge that Half Dollars, of the same era, were produced by the tens of millions. Maybe, we will learn that in years to come, this peculiar lack of Quarters was realized and mintage numbers will increase dramatically

The 1831-1838 version is of smaller diameter and has restyled features, letters, stars, and numerals, giving the piece a more cameo-like appearance than its predecessor. The obverse depicts Miss Liberty facing left, wearing a cloth cap secured by a band inscribed LIBERTY, with tresses flowing to her shoulder. Her neckline is draped in a gown secured by a brooch or clasp. Seven stars are to the left and six to the right. The date is below; the reverse shows an eagle perched on an olive branch and holding three arrows, with UNITED STATES OF AMERICA above and 25 C. below.

The type set collector has his choice of any date from 1831 through 1838, as all are priced approximately the same in the market, although certain dates, 1835 in particular, are more plentiful than others. Examples are readily found in grades from Very Good through Extremely Fine. AU coins are scarcer, and pieces designated as Uncirculated are rare. Higher echelon Uncirculated pieces are very elusive.

Valuation

As evidenced by later issues, the minimal quantity of this issue produced makes it special for that reason alone. More than ten times the Quantity was produced in the series that began in 1838.
COIN NAME
QUARTER DOLLAR 1831-1838 Capped Bust, Small Diameter
DESIGNED BY
William Kneass (after John Reich)
ISSUE DATE
1831-1838
COMPOSITION
0.8924 part silver, 0.1076 part copper
DIAMETER
24.3 mm
WEIGHT
104 grains
EDGE
Reeded
BUS MINT
4,202,400
PROOF MINT
Fewer than 150

The statements made on this website are opinions only. Past results are no guarantee of future performance or returns. Precious metals, like all investments, carry risk. Precious metals and coins may appreciate, depreciate, or stay the same depending on a variety of factors. Lear Capital, Inc. cannot guarantee, and makes no representation, that any metals purchased will appreciate at all or appreciate sufficiently to make customers a profit. Lear is a retail seller of precious metals and its buyback (or bid) prices are lower than its sell (or ask) prices. Metals must appreciate enough to account for this difference in order for customer to make a profit when liquidating the metals. Lear does not provide financial advice or retirement planning services. The decision to purchase or sell precious metals, and which precious metals to purchase or sell, are the customer’s decision alone, and purchases and sales should be made subject to the customer’s own research, prudence and judgment.