$440,000.00 USD
– SOLDAmong the treasures of early American coinage, few pieces hold the same distinction as the 1831 $2.50 gold coin, especially when in its exceptional proof state. The 1831 $2.50 gold piece, known as the "Quarter Eagle," is an iconic representative of the early 19th century United States Mint’s craft and is one of the most coveted coins among collectors. What sets a coin like the PCGS PR64 Cameo edition apart is not only its rarity but also the breathtaking artistry and meticulous craftsmanship that defined its creation.
The 1831 $2.50 gold coin was part of the early American effort to produce small denomination gold coins, a crucial step in the fledgling nation’s economic development. The coin, like its contemporaries, was minted during the presidency of Andrew Jackson, and it reflected a rapidly growing nation’s need for currency that was both functional and reflective of the nation's aspirations.
The design of the 1831 $2.50 coin is attributed to John Reich, one of the prominent engravers at the U.S. Mint. The obverse of the coin features a classic image of Liberty wearing a coronet inscribed with the word "LIBERTY," while the reverse bears an eagle with outstretched wings surrounded by a laurel wreath. These elements exemplify the young nation's commitment to both classical ideals and its own emerging sense of identity.
While the standard 1831 Quarter Eagle was minted in large quantities for circulation, the proof coins were far rarer and more exquisite. Proofs were struck specifically for presentation and were created with far greater care, using specially polished dies and high-quality planchets. It is believed that only 8 examples of this magnificent rarity are known in any condition today, with only a small number of those even being able to get into a holder.
In 1831, proof coins were usually produced in very limited numbers, often as special presentations for collectors or officials, rather than as a regular part of circulation. As a result, the proof version of the 1831 $2.50, especially in high grades, has remained one of the most sought-after and historically significant items in American numismatics.
In the world of numismatics, coin grading plays a critical role in determining both the value and desirability of a coin. For a coin such as the 1831 $2.50 to achieve a grade of PCGS PR64 Cameo is a monumental achievement.
The "PR" stands for Proof, indicating that the coin was struck with proof dies, producing a sharp and refined finish. The "64" signifies an extremely high quality of preservation, with only minimal imperfections visible under magnification. But it is the "Cameo" designation that sets this particular coin apart.
The Cameo effect on a proof coin occurs when there is a stark contrast between the frosted, textured surface of the design elements (such as Liberty’s portrait or the eagle) and the mirror-like fields of the coin. This striking contrast is the result of a specialized finishing process, where the design elements are carefully polished to a frosted finish while the surrounding fields retain a smooth, reflective quality. The result is a visually stunning coin that captures the eye and has become a hallmark of high-quality proof coins.
Collectors of American gold coins are particularly drawn to pieces like the 1831 $2.50 PCGS PR64 Cameo for several reasons. Firstly, the rarity of the coin itself—both in terms of the low mintage numbers and the condition—makes it a highly coveted piece. The Cameo effect adds an aesthetic appeal that few other coins can rival.
Furthermore, coins like the 1831 $2.50 PR64 Cameo are considered "historical artifacts," representing not only the artistry and craftsmanship of the U.S. Mint but also the economic realities of early America. For numismatists, owning a coin like this means holding a tangible piece of history that connects them to the foundations of the United States.
Its historical significance, extraordinary rarity, and stunning visual appeal have made it a standout example in the world of collecting. As more collectors and investors turn their attention to early American coins, it is likely that this exceptional piece will continue to grow in both value and prestige, cementing its place as one of the most important coins ever produced by the U.S. Mint.
