Bright silver surfaces with pale gold and iridescent toning along the borders. An attractive example with considerable lustre. Very faint hairlines and other minor abrasions are noted. This is the only variety of the year and was minted prior to introduction of the Liberty Seated design. Total mintage was 832,000 for both design types. The Guide Book breaks this down to 366,000 Capped Bust quarters and 466,000 Liberty Seated coins. The obverse die is unique to this variety while the reverse die was also used for 1837 B-2.

Very rare late die state with obverse and reverse clash marks and die cracks. The obverse is cracked across the bust from below star 1 to just above the digit 8. The reverse has a crack from the right wing across arrow shafts and lower arrowhead to the period after the denomination.