The 1834 Capped Bust Quarter Proof is one of the rarest and most intriguing pieces of American coinage. This guide provides an overview of its history, features, and the fascinating story behind this rare quarter. Collectors, history buffs, and those interested in the U.S. Mint’s legacy will find this piece of numismatic history captivating.
Brief History of the 1834 Capped Bust Quarter Proof
In 1834, the Philadelphia Mint produced 286,000 quarters, which were meant for circulation. Alongside these, about 10 special 1834 Capped Bust Quarter Proofs were struck. These Proof coins were created using a specific die known as Browning-2.
What makes these quarters unique is that they were not only used for general circulation but were also crafted for collectors and important diplomatic sets. The Browning-2 die pair, which distinguishes these Proof coins, has a special feature: a tongued eagle on the reverse.
This detail sets it apart from the other business strikes made for regular use. Additionally, the obverse (front) design has certain telltale characteristics: the “4” in the date tilts to the left, and the stars are placed in relation to the design’s curls in specific ways.
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Production and Design
The Browning-2 die was likely first used to create Proof versions of the coin, and then it was employed to strike business coins. These coins were minted later in 1834, and many numismatists believe the first strikes happened around November of that year.
A particularly interesting fact about the 1834 Capped Bust Quarter Proof is its connection to U.S. diplomacy. In 1834, John Forsythe, then Secretary of State, asked the U.S. Mint to create coin sets to be given as gifts to the King of Siam (modern-day Thailand) and the Sultan of Muscat (part of modern Oman). These sets included coins that represented every denomination in use at the time.
While most denominations were still actively circulating, the silver dollar and gold eagle coins were no longer being minted. To complete the sets, the Mint produced special 1804 Draped Bust Dollars and Liberty Cap Eagles—both of which are among the most famous and valuable U.S. coins. These 1834 Capped Bust Quarter Proofs were part of the set, making them a significant piece of history.
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Market Value and Auction History
Collectors who wish to own one of these rare coins need deep pockets. The 1834 Capped Bust Quarter Proof has fetched high prices at auctions over the years. Below are a few noteworthy specimens:
- PCGS PR67CAM (Certified by CAC) – This coin has a vibrant rainbow tone and was sold for $329,000 at a Sotheby’s auction in 2015.
- NGC PF66+CAM – Featuring an attractive antiqued bullseye toning, this coin was sold at Heritage Auctions in 2019 for $198,000.
- PCGS PR65 – This coin was part of the famous King of Siam set and was last sold for $33,350 in 2011.
- PCGS PR64+ – This coin has vivid rainbow toning and was auctioned in 2020 for $62,000.
These coins not only represent an important part of American history but also have significant financial value.
Coin Specifications
- Country: United States of America
- Year of Issue: 1834
- Denomination: Quarter Dollar (25 Cents)
- Mint: Philadelphia (no mint mark)
- Mintage: Estimated 10 proofs
- Alloy: 89.24% Silver, 10.76% Copper
- Weight: 6.74 grams
- Diameter: 24.30 mm
- Edge: Reeded
- Obverse Designer: John Reich (revised by William Kneass)
- Reverse Designer: John Reich (revised by William Kneass)
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Final Thoughts
The 1834 Capped Bust Quarter Proof is a coin steeped in history, from its rare production process to its involvement in diplomatic relations. Its value, both financially and historically, continues to grow as collectors seek these rare items. For anyone interested in U.S. coins, the 1834 Capped Bust Quarter Proof is a fascinating study in numismatics and American diplomacy.
Ethan is a passionate rare coin collector with years of experience uncovering the stories and history behind unique coins. His insightful articles are a go-to for anyone curious about coin values or their fascinating backstories.