Imagine discovering a 25-cent piece worth a fortune. That’s the reality for the 1821 Proof Quarter Dollar, which exists only in a meager 15 copies today. Because it’s so rare, collectors go for it like nobody’s business. Some of the ones sold on the auction market fetched as high as $250,000.
What makes the 1821 Proof Quarter Dollar so valuable?
A number of things go into making this coin so valuable:
- Rarity: There are only around 15 specimens known, so the 1821 Proof Quarter Dollar is very rare.
- Historical importance: Minted in the early 19th century, this coin captures a turning point in American history.
- Design and workmanship: The coin has fine artwork by engraver John Reich, with a bust of Liberty on the obverse and a heraldic eagle on the reverse.
How many 1821 Proof Quarter Dollars are in circulation?
Although it is estimated that some 15 such coins exist in total, they are not all for collectors. Some exist in private collections or museums, so the number available in current circulation is lower. This rarity adds further to the value and desirability of the coin.
What is the design of the 1821 Proof Quarter Dollar?
The 1821 Proof Quarter Dollar belongs to the Capped Bust series, designed by John Reich. The key design elements are:
- Obverse: A capped head of Liberty, surrounded by 13 stars representing the original colonies.
- Reverse: A heraldic eagle with outstretched wings, holding arrows and an olive branch, symbolizing war and peace.
This synthesis of art and symbolism echoes the identity and dreams of the young nation.
How much has the 1821 Proof Quarter Dollar sold for at auction?
The highest amount recorded at an auction for the sales of this coin were in these two years.
- In 2015, the coin sold for $235,000. That year’s sale was called “The D. Brent Pogue PCGS PR67″.
- 2023 boasts an all time high price of $252,000 at an auction.
These figures are a clear indication that the coin is valuable and wanted by numismatists.
Why are 1821 Proof Quarter Dollars so rare?
Here are some of the reasons why the 1821 Proof Quarter is so rare:
- Limited mintage: Proof coins were not printed in large amounts; a handful were only stamped for presentation and archival purposes only.
- Historical disappearance: throughout the centuries, some have been lost, destroyed, or molten, leaving only a few.
- Collector pressure: rarity, historical weight, and design attractiveness make it incredibly hot to stay in private hands throughout ages.
