Newp 1929 Quarter eagle
SilverProofQuarter1883
Posts: 1,971 ✭✭✭✭✭
Picked up this nice $2.5 1929 ms 63 Indian at a local show. Feel free to post yours!
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SilverProofQuarter1883
Posts: 1,971 ✭✭✭✭✭
Comments
Nice.
From the 1930 Mint Report:
If the letter submitted by CaptHenway is accurate, which I believe it to be, the survivor total should be extremely low. The Great Depression and recall of gold a few short years off were detrimental to say the least. If you think about what was stored in the many vaults, 1929's would surely had been towards the top of the pile and first to be sent to the refiner in 1933.
The point I'm making is that I think you did well adding this one. With gold near $5000 an ounce, and since it's sudden rise, more buyers are gravitating towards fractional denominations. As such the values are rising faster than the Double Eagles. Simple supply and demand.
Here's mine. I bought it in the mid 1960s. It's still raw and in a raw set of Indian Quarter Eagles. It was graded "BU" back then.
The 1929 half eagle is a well known rarity which brings high prices. The 1929 quarter eagle as always been lunped in with the other "common dates" which run from the 1925-D to 1929. "Coin Facts" says that there are 66,166 total survivors (I don't know how they came up with that number.) with 49,000 in MS-60 or better and 433 in MS-65 or better. PCGS has graded one in MS-67.
There seems to be a lot of them offered on the Internet so I don't think that this is a rare date.
It is quite possible that when word came out that the denomination had been discontinued some dealers put away quantities of these, just like somebody bought the remnants of the 1889 Gold Dollars.
Deleted.