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SERIES: (None)
LEVEL: Year, MintMark, & Major Variety

1831 $2.50 (Proof)


PR62 estimated grade
Image courtesy of Heritage Numismatic Auctions
PCGS #:
7686
Diameter:
18.20 millimeters
Designer:
William Kneass
Weight:
4.37 grams
Edge:
Reeded
Mintage:
10
Metal Content:
91.7% Gold, 8.3% Copper
Auction Record:
$117,875 • NGC PR64 • 4-18-2012 • Heritage
 
Rarity and Survival Estimates (Explain)
Grades Survival
Estimate 
Numismatic
Rarity 
Relative Rarity
By Type 
Relative Rarity
By Series 
All Grades 4 R-9.8 1 / 2 TIE N/A
60 or Better 4 R-9.8 1 / 2 TIE N/A
65 or Better 2 R-9.9 1 / 2 TIE N/A
Condition Census (Explain)
Pos Grade Thumbnail Pedigree and History
1 PR66 PCGS grade  
2 PR65 estimated grade  
3 PR63 PCGS grade  
Condition Census (Explain) Show fewer rows
Pos Grade Thumbnail Pedigree and History
1 PR66 PCGS grade  
2 PR65 estimated grade  
3 PR63 PCGS grade  
P. Scott Rubin: The 1831 Proof Quarter Eagle is an extremely rare coin. There are probably not more than five true Proofs of this issue. Historically, Proof specimens of this year have been offered at auction at a ratio of about one out of every five listings, but most of the coins described as proofs are really prooflike business strikes. With a mintage of only 4,520, and most of the coins well struck, it appears that many of the business strikes were show prooflike surfaces.

The 1831 Quarter Eagle is known in three die states. At some point in the year, the dies clashed, then the dies were lapped to remove the evidence of the clashing. This lapping may have added a prooflike surface to some of the last coins struck.

This is one date that should be certified in order to prove it is a true Proof striking. The auction records I have reviewed dating back to 1855 show that ninety-six out of five hundred and seven auction sales claim to have been for Proof specimens. This number is obviously overstated because of the many Prooflikes being offered as Proofs.
David Akers (1975/88): Approximately five or six proofs are known.