1802/1 $2 1/2 MS63 PCGS. Breen-6118, Bass-3009, R.4. From its inception in 1796, the Capped Bust Right Quarter Eagle was an...

Description

Select Uncirculated 1802/1 Quarter Eagle

1802/1 $2 1/2 MS63 PCGS. Breen-6118, Bass-3009, R.4. From its inception in 1796, the Capped Bust Right Quarter Eagle was an unpopular coin with bankers and bullion dealers. Depositors of gold bullion preferred the larger Half Eagle and Eagle to the smaller Quarter Eagle, and few coins of the latter denomination were produced between 1796 and 1807. The 1802/1 has an original mintage of just 3,035 pieces, which, surprisingly, is on the high side for the type. This issue is the second most common Capped Bust Right Two-and-a-Half after the final-year 1807, but Mint State survivors number just 47 coins at both NGC and PCGS, several of which are likely resubmissions. This is tied with just six others at PCGS as the finest example (4/05), and it is a bright, green-gold representative. The color yields to yellow-gold shades at direct angles, and the surfaces display a pleasing semi-prooflike finish. The strike is typical of both the issue and the type with softness of detail in the centers. There are few abrasions of any size.(#7650) (Registry values: P6)

Coin Index Numbers: (NGC ID# 25F6, PCGS# 7650, GSID# 8251)

Metal: 91.67% Gold, 8.33% Copper
Weight: 4.37 grams
AGW: 0.14oz
Mintage: 3,035

Note for clients in the European Union: This lot is considered by the European Union to be “investment gold”. We believe that it meets the criteria established in Article 344(1), point (2) of Council Directive 2006/112/EC and thus should be exempt from import VAT regardless of the selling price. Any questions or concerns about VAT should be addressed to your accountant or local tax authority.

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