1796 $2.50 BD-3, Stars MS(PCGS#45502)

The Regency Auction 43

拍卖行

Legend Rare Coin Auctions

批号

289

等级

VF20

价格

473,953

详细说明

One of the great coins of the first U.S. Mint, a classic low-mintage rarity that is very infrequently seen in any grades. While the quarter eagle was authorized by the April 12, 1792 act of Congress that set up the coinage system of the United States, and set up provisions for said coinage, issues of bonding prevented precious metal coinage until 1794 for silver dollars and half dollars; gold coinage would not commence until 1795. The first quarter eagles would not be produced until late 1796. The first 66 coins were struck from the BD-1 die marriage, which featured the No Stars obverse type and a die that shattered quickly during striking and was replaced. These were delivered on September 21, 1796. BD-2, another No Stars die marriage saw 897 examples struck and delivered on December 8. The delivery of 432 1796 quarter eagles delivered on January 14, 1797 are all thought to be the 1796 With Stars examples. This is a unique die pairing which shows the stars in a distinct 8x8 fashion on the obverse and a distinct point to point alignment. Later in 1797, the practice of placing one star for each state ended, and 13 stars, representing the original states became the standard. Today, fewer than 50 examples are known in all grades. The presently offered coin represents a very important opportunity for the collector seeking an example of this rarity, but does not want to spend into the six figures. The surfaces are evenly worn, showing a warm golden-orange patina. Despite the wear, this piece shows no significant marks of any kind, which is unusual for a coin that saw this much time in commercial channels. Generally bold definition survives within the devices. The eye appeal of this lower grade survivor is very high end for the grade. PCGS 1, NGC 0. This type appears with great infrequency! The two most recent PCGS-graded examples to sell in auction were the MS62 Pogue coin and the MS65 Simpson coin. The last VF to sell was a VF35 that sold in Superior's February 1991 auction--30 years ago (and no longer on the Population Report). More recently a PCGS/CAC F15 sold for $53,188 in August 2012. Today the Collectors Universe value is $85,000. Today, anything finer, graded by PCGS will likely cost into the six figures, this is wonderful VF is about as affordable as you will get for a PROBLEM FREE example. Demand will be huge for this coin! Cert. Number 40670604 PCGS # 7647.00