US Coins

Market Analysis: 1823 overdate quarter dollar

All 1823 Capped Bust quarter dollars have a clear 2 under the final digit in the date and a broken arrowhead on the reverse. This Very Good 8 1823/2 example sold for $44,400 on May 9.

Images courtesy of Heritage Auctions.

The most expensive of Jon Lusk’s early quarter dollars was a Browning-1 1823/2 Capped Bust quarter dollar graded Very Good 8 by Professional Coin Grading Service that sold for $44,400. The reported mintage of 17,800 pieces likely includes some coins dated 1822 offered in a Heritage sale.

The quarter dollar was one of just five denominations produced at the Philadelphia Mint in 1823, and all examples of this date have a clear 2 digit under the 3 in the date.

Further, a defective lower arrowhead on the reverse is seen on all authentic examples. This same reverse die was used as late as 1828, paired with various obverses.

The 2010 Rea-Tompkins-Davis-Logan Census listed 30 examples, with the offered quarter falling in the middle regarding its state of preservation, as Heritage praises the “antique-grey surfaces and lovely gold toning.” It has a provenance that traces back to 1959.

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