650.00USD+ (130.00) buyer's premium + taxes, fees, etc...
SOLD at 2012 Jan 30 @ 11:01UTC-8 : PST
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1834 $2.50 Classic Head. PCGS graded EF-40 CAC Approved. Lovely antique golden-orange toning. The authorized format on the Half Eagle was reduced from 135 grains to 129 grains via the Act of June 28, 1834. This was put into effect on August 2, 1834, and coins struck on and after that date were of the new light weight. The hope was to return gold coins to circulation. They had been extensively exported. The strategy proved successful; it was no longer profitable to melt or export coins for bullion, and gold coins circulated at par for the first time since the War of 1812 (PCGS # 7692) .
Estimated Value $500 - 550.
Provenance: The William H & Beuelaress K. Helem Collection.