The 1834 Capped Bust Quarter Proof is a rare and valuable coin that fascinates collectors and history enthusiasts alike. Struck by the Philadelphia Mint, only a few of these proof coins exist today. In this guide, we will explore the history, features, and significance of the 1834 Capped Bust Quarter Proof, making it easier for you to understand its importance in numismatics.
What Is the Capped Bust Quarter?
The Capped Bust Quarter was designed by John Reich, featuring a portrait of Liberty with a cap. This design was popular in the early 19th century. The 1834 version stands out because it was made in both business strikes and proof versions, with the proof being extremely rare.
Mintage and Production
In 1834, the Philadelphia Mint produced about 286,000 Capped Bust Quarters for circulation. However, only around 10 proof versions were created using a special die known as Browning 2. This die was used to create both proofs and business strikes, making the proofs particularly special.
Browning-2 Die
The Browning-2 die is significant because it features a unique detail: a “tongued” eagle on the reverse side. This detail is not found on the business strikes, making it easier for collectors to identify the proof version. On the obverse side, the number “4” leans slightly to the left of Liberty’s curl, which also helps in identifying this specific die.
Connection to Historical Events
The 1834 Capped Bust Quarter Proof has a fascinating link to American diplomacy. On November 11, 1834, Secretary of State John Forsythe requested that the U.S. Mint prepare sets of coins for the King of Siam and the Sultan of Muscat. These sets included various denominations, but the 1834 designs were used for most coins. Interestingly, the Mint created 1804-dated dollars for the sets, even though those coins were no longer in circulation.
Noteworthy Specimens
Some well-known examples of the 1834 Capped Bust Quarter Proof have fetched high prices at auctions due to their rarity and historical significance. For instance, one specimen graded PCGS PR67CAM was sold for an impressive $329,000. Collectors like Eric P. Newman have played a significant role in preserving and promoting these coins.
Market Data
| Specification | Details |
|---|---|
| Top Population | PCGS PR67CAM (1 known, 9/2024) |
| NGC PF66+CAM (1 known, 9/2024) | |
| CAC PR67CAM (1 known, 9/2024) | |
| Notable Sales | Sold for $329,000 |
| Previous Owners | Eric P. Newman, Norweb Collection |
| Current Value Range | $60,000 – $329,000 |
The high grade of these coins contributes to their value and desirability among collectors.
Coin Specifications
Understanding the specifications of the 1834 Capped Bust Quarter Proof helps collectors appreciate its unique qualities. Here are the main details:
| Attribute | Details |
|---|---|
| Country | United States of America |
| Year of Issue | 1834 |
| Denomination | Quarter Dollar (25 Cents USD) |
| Mintmark | None (Philadelphia) |
| Mintage | Approximately 6 proof coins |
| Alloy | 89.24% Silver, 10.76% Copper |
| Weight | 6.74 grams |
| Diameter | 24.30 mm |
| Edge | Reeded |
| OBV Designer | John Reich, revised by William Kneass |
| REV Designer | John Reich, revised by William Kneass |
| Quality | Proof |
Collecting and Investment
Collecting the 1834 Capped Bust Quarter Proof is not just about owning a rare coin; it’s also an investment. Due to its limited mintage and historical connections, this coin can appreciate significantly over time. Collectors often look for high-quality specimens, which can command very high prices in the market.
Tips for Collectors
- Research: Understanding the different die varieties and their features is essential.
- Authenticate: Always ensure that your coin is authenticated by a trusted grading service.
- Join Communities: Engaging with other collectors can provide valuable insights and opportunities.
Conclusion
The 1834 Capped Bust Quarter Proof is more than just a coin; it’s a piece of history that connects us to America’s past. With its unique design, limited mintage, and fascinating backstory, it holds a special place in the world of numismatics. Whether you’re a seasoned collector or just starting, understanding the significance of this proof coin can enhance your appreciation for American currency and its rich history.
FAQ’s
1. What is the 1834 Capped Bust Quarter Proof?
The 1834 Capped Bust Quarter Proof is a rare coin produced by the Philadelphia Mint. It features a design by John Reich showing Liberty wearing a cap. Only around 10 proof versions exist, making it highly sought after by collectors.
2. How many 1834 Capped Bust Quarter Proofs were made?
The Philadelphia Mint produced approximately 286,000 Capped Bust Quarters for circulation in 1834. However, only about 10 proof versions were created using a special die known as Browning 2.
3. What makes the Browning-2 die unique?
The Browning-2 die is identifiable by its “tongued” eagle on the reverse side, a detail not found on the business strikes. This makes it a key feature for collectors trying to identify proof versions.