The 1823 Capped Bust Quarter: 3 Over 2 is a coin that stands out in U.S. numismatics. Not only does it belong to the illustrious Capped Bust series, but it also boasts an intriguing overdate error that has captured the attention of collectors for decades. The coin represents both historical significance and collectible rarity, making it a must-have for serious numismatists.

History of the 1823 Capped Bust Quarter

The Capped Bust Quarter series, introduced in 1815, was designed by John Reich and featured a unique and bold aesthetic. The obverse showcases Liberty wearing a cap with “LIBERTY” inscribed, while the reverse features an eagle with a shield, clutching arrows and an olive branch. The Capped Bust design was part of a broader effort to standardize American coinage and improve its artistic quality.

Characteristics of the 1823 3 Over 2 Capped Bust Quarter

Identifying the 1823 Capped Bust Quarter with the overdate error requires a keen eye and attention to detail. Below are its defining features:

1. Overdate Error:
   The most notable feature of this coin is the overdate, visible under magnification. Traces of the “2” can be seen beneath the “3” in the date. This error is prominent on well-preserved coins and adds significant appeal to the coin’s rarity.
2. Design Details:
   • Obverse: Liberty is depicted with a flowing cap inscribed with “LIBERTY,” surrounded by 13 stars representing the original colonies.
   • Reverse: The eagle is shown with a shield on its chest, clutching arrows in one talon and an olive branch in the other, symbolizing a balance between war and peace.
3. Metal Composition:
   The coin is made of 89.2% silver and 10.8% copper, typical of U.S. silver coinage at the time, and weighs 6.74 grams.

Rarity and Value

The 1823 Capped Bust Quarter: 3 Over 2 is considered one of the rarer dates in the Capped Bust series due to its limited mintage and the overdate error. Coins in better condition are exceedingly rare, driving their value higher.

• Circulated Grades: Coins in Good (G) to Very Fine (VF) condition typically sell for $3,000 to $7,000, depending on the visibility of the overdate and overall preservation.
• Mint State (MS) Coins: Examples in uncirculated condition are extraordinarily rare, with prices exceeding $40,000 or more at auction.
• Auction Records: Some of the finest known specimens have fetched six-figure prices, cementing this coin as a centerpiece for advanced collections.

Why Collectors Love the 1823 3 Over 2 Quarter

Collectors are drawn to this coin for several reasons:

1. Historical Significance:
   The Capped Bust design represents an important era in U.S. coinage history, reflecting early attempts to create distinctive and durable designs.
2. Unique Error:
   Overdate errors like the 3 Over 2 variety are rare and add an element of uniqueness to any collection.
3. Scarcity:
   With a limited number of surviving examples, the 1823 Capped Bust Quarter remains a challenging and rewarding acquisition.

Tips for Collectors

If you’re interested in owning an 1823 Capped Bust Quarter: 3 Over 2, here are some tips:

1. Authentication is Key:
   Given the high value of this coin, it’s essential to purchase authenticated examples from reputable sources or have the coin graded by trusted services like PCGS or NGC.
2. Condition Matters:
   While circulated coins are more affordable, higher-grade examples are more valuable and offer better investment potential.
3. Understand the Market:
   Monitor auction results and dealer prices to get a sense of current market values before making a purchase.

Conclusion

The 1823 Capped Bust Quarter: 3 Over 2 is a rare and highly sought-after coin that combines historical importance, artistic beauty, and a fascinating mint error. For collectors, it represents a prized addition that embodies the craftsmanship and complexities of early U.S. coinage. Whether you’re a seasoned numismatist or a new collector, this coin is a remarkable piece of history worth exploring.

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