1834 $2.5 CLASSIC MS63 PCGS CAC

The 1834 Classic Head Quarter Eagle represents the inaugural year of the New Tenor gold coinage, and among its four recognized die marriages, the McCloskey-1 (HM-1) Small Head variety stands apart as the most desirable representative for type collectors. While three Large Head varieties exist, the Small Head HM-1 is encountered with approximately the same frequency as all three Large Head marriages combined, making it the preferred choice for collectors seeking a single, definitive example of the first-year issue. Certified MS63 by PCGS and approved by CAC, this Choice Mint State example offers outstanding visual quality and stands just below the condition census for the date. The surfaces are satiny and vibrant, with clear semi-reflective tendencies in the fields that become evident as the coin rotates under light, lending a near-Prooflike character uncommon for the issue. The color presentation is particularly appealing, with a medium yellow-gold foundation accented by lighter lemon-gold highlights across the open fields and highest design elements. Luster is full and even throughout, exhibiting a gentle, flowing cartwheel effect rather than a flashy brilliance Thought 1834 was saved in meaningful numbers, yet Choice Uncirculated survivors remain elusive in today’s market due to sustained demand from high-grade gold type collectors. With an estimated survival of approximately 1,750 pieces across all grades, premium examples such as this remain highly sought after. This exact example realized $14,400 in April 2025 HA. Select, visually engaging, and clearly premium for the assigned grade, this HM-1 Small Head Quarter Eagle is an outstanding near-Gem example and an ideal candidate for a first-year Classic Head type set.

Pedigree:

ex The Baltimore Auction 03/16 SB

ex 04/25 HA - $14,400 

The Ohio Collection

PCGS Cert Verification #33168709

• PCGS Price Guide - $11,500
• PCGS POP - 45/54
• CAC Price Guide - $11,000
• CAC POP - 12/17
• PCGS Coin# 7692