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Lot
2569

1797 $2 1/2 PCGS Genuine....

2009 March Baltimore, MD Signature US Coin Auction #1126

 
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Auction Ended On: Mar 29, 2009
Item Activity: 6 Internet/mail/phone bidders
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Location:

Sheraton Inner Harbor
300 S. Charles Street
Baltimore, MD 21201
(410) 962-8300
Auction Room: Meeting Room "Severn 1"

Description:
R.6 1797 Quarter Eagle, BD-1, Fine Details
1797 $2 1/2 PCGS Genuine. BD-1, R.6. We grade this coin Fine Details, Cleaned. Only the single die variety for the year is known, from an original mintage that Bass-Dannreuther estimates as from 427 to 585 coins. The stars are arranged seven and six. As on all known examples, there is a massive die break extending from near the rim above the left top of Y in LIBERTY, down through the left side of star 8, downward through the right (facing) field before Liberty's face, to the left side of star 12, two points of star 13, and thence to the rim. One example, currently unique, listed in Bass-Dannreuther shows a retained cud in that area. While this piece of course does not show that feature, the die break is well advanced, to the point that the portions of the obverse on either side appear to verge on ceasing to be coplanar.
The reverse die, in a later state than here, was also used on the 1798/7 JR-1 dime, as documented in our recent sale of the Ed Price Collection. This piece shows all major types clearly, with orange-gold surfaces that, while still attractive, are overbright for the details grade. Darker brownish-black buildup is noted around the device edges. A rare and collectible example of this type, which Bass-Dannreuther estimate has 20 to 25 survivors in all grades.(Registry values: P9) (NGC ID# 25F4, PCGS# 7648)

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