2,500.00USD+ (500.00) buyer's premium + taxes, fees, etc...
SOLD at 2012 May 28 @ 18:50UTC-7 : PDT/MST
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1835 $2.50 Classic Head. NGC graded MS-61. As usual, a trifle soft in the centeres. Brilliant and untoned. To permit gold coins to circulate at par -- which had not happened since 1815 -- Congress reduced the authorized weight of the various denominations through the Act of June 28, 1834. On August 2, 1834, the new standard went into effect with these William Kneass-designed pieces.
To readily differentiate the new coins from the old, the design was changed. Chief Engraver Kneass created what is called the Classic Head today. The head of Liberty faces left, her hair secured by a band inscribed LIBERTY, stars circling her head, and with the date below.
The reverse depicts an eagle with a shield on its breast, perched on an olive branch and holding three arrows. UNITED STATES OF AMERICA and 2 1/2 D. surrounds. The motto E PLURIBUS UNUM, used on quarter eagles since 1796, was omitted (PCGS # 7693) .
Estimated Value $3,000 - 3,200.