Announcement: Sunday & Tuesday Internet Coin Auctions and Weekly World and Ancient Coin Auctions move to Heritage Live!

Our Weekly Internet Coin Auctions and World and Ancient Coin Auctions are closing with live, online auctions on HA.com's Heritage Live! platform beginning with the Internet Coin Auction that ends Sunday, September 21st and the World and Ancient Coin Auction that ends on Thursday, September 25th. Each lot is offered one at a time, in lot number order, in live auctions beginning at 8:00 PM CT. During this part of the auction, live bidders will be on Heritage Live! competing with each other and with previously placed Internet bids. The lot opens, requests live bids, and then closes when the bidding is finished. There is no change in how you place your secret maximum bids during the week the auctions are open on HA.com. In addition, once bidding on HA.com ends, 2 hours before the live sessions start, you still have the option to leave proxy bids through Heritage Live!

For more information about Heritage Live!, please visit HA.com/live. If you have any questions about this exciting format change, please contact us at 800-872-6467 or Bid@HA.com.

X
There are currently no items available for purchase in this Department. Search our Auction Archives below to find item values.
Opening Bid
:
Current Bid:
Reserve Amount:

You are the current high bidder on this lot with a secret maximum bid of %bidPretty%.
(%bidBP% w/Buyer's Premium (BP) ).


Notice: You are the current high bidder on this lot, but the next highest bid is within one increment. That means that any additional bids on this lot will outbid you. To increase your chances of winning, enter your highest maximum bid.

You are the current high bidder on this lot with a secret maximum bid of %bidPretty%.
(%bidBP% w/Buyer's Premium (BP) ).

You are the current high bidder on this lot.
(Sign-In to see your maximum bid)

Your secret maximum bid of %bidPretty% has been outbid.

Your secret maximum bid of %bidPretty% does not meet the reserve.

(Sign-In to see your maximum bid)

Your secret maximum bid does not meet the reserve.
(Sign-In to see your maximum bid)

Lot
2669

1802/1 $2 1/2 MS62 NGC....

2009 April-May Cincinnati, OH (CSNS) US Coin Auction #1124

 
Sold for: Sign-in or Join (free & quick)
Make Offer:
Make Offer to Owner

The owner of this Item has been actively participating in the Make Offer to Owner program.
Claim Item: Sign-in or Join (free & quick)
Auction Ended On: Apr 30, 2009
Item Activity: 8 Internet/mail/phone bidders
573 page views
Location:

Duke Energy Center
525 Elm Street
Cincinnati, OH 45202

Description:
Wonderful 1802/1 Quarter Eagle, MS62
Possible Finest-Known Example of BD-2

1802/1 $2 1/2 MS62 NGC. Ex: Ed Price Collection. Breen-6118, BD-2, High R.5. Among the cleverest innovations from the early days of the U.S. Mint was the dual use of reverse dies--lacking any denomination stamped on them--for both silver dimes and gold quarter eagles. The silver dimes premiered in 1796 with the Draped Bust, Small Eagle design. Gold quarter eagles appeared that same year, sporting the Capped Bust to Right obverse with a Heraldic Eagle reverse. The dual-purpose dies were used from 1797 until 1807, the year that John Reich was first employed at the Mint as assistant engraver. The first known use spans the 1797-98 period, with the 1797 BD-1 quarter eagle and the 1798 JR-1 dime. In that 11-year period, there were seven reverse dies used for both denominations, producing a total of 23 separate dime and quarter die marriages--11 quarter eagles, 12 dimes.
Famed collector Ed Price was fascinated by these dual-use dies and assembled complete die variety sets of both denominations--the only collector who has ever accomplished that goal. The reverse of the present BD-2 quarter eagle was also used to produce the BD-1 1804 13 Stars quarter eagle, and the 1802 JR-4 and 1804 13 Stars JR-1 dimes.
This quarter eagle variety--like all three for the year--is usually identified as an overdate, but Garrett and Guth comment that "the attribution is tentative and the '1,' which is barely visible (even under magnification), may be just an artifact." Bass and Dannreuther write, "The fact that there were no quarter eagles dated 1799, 1800, or 1801 should lend credence to the overdate status of the 1802, but most researchers have come to the conclusion that whatever is under the 2 is not the vestige of a 1."
Of the three 1802 quarter eagle die varieties, the BD-2 is by far the rarest (estimated 30-25 known). This piece is likely the finest known for the variety. As we wrote in the Ed Price Collection, this piece is "A wonderful example with brilliant green-gold luster on both sides. The obverse is frosty, and the reverse is satiny with reflective fields. A few scattered marks are entirely insignificant. Like most 1802 quarter eagles, the central obverse and reverse design elements are weak. This is possibly the only Mint State example of the variety known."
Ex: Bowers and Merena (11/2002), lot 3064; The Ed Price Collection of Early Dime and Quarter Eagle Varieties (Heritage, 7/2008), lot 1457, which realized $40,250.(Registry values: P6) (NGC ID# 25F6, PCGS# 7650)

View large image(s) of this item

Service and Handling Description: Coins & Currency (view shipping information)

Sales Tax information  | NGC Coin Grading Guarantee  |  Terms and Conditions

Bidding Guidelines and Bid Increments

Guides and Pricing Information:

Previous Prices from Heritage Auctions
Sign-in or Join (free & quick)
Price Guide
Sign-in or Join (free & quick)
Population Guide
Sign-in or Join (free & quick)
Find Auction Prices for Comparable Items:

Photographs:
Sign-in or Join (free & quick) to see the full image




FLOOR AUCTIONS View All
Open For Bidding
Coming Soon
HERITAGE MEMBERSHIP
884,957
bidder-members
$1,005,602,708
sold in the last year
VIEW BENEFITS
  1. Past Auction Values (prices, photos, full descriptions, etc.)
  2. Bid online
  3. Free Collector newsletter
  4. Want List with instant e-mail notifications
  5. Reduced auction commissions when you resell your
    winnings 
CONSIGNMENTS WANTED
Only 1 day left to consign to the 2014 November 6 - 10 US Coins Signature Auction - Beverly Hills!
Learn About Consigning With Us
To get the most amount of money for your coins, you must go to an auction company such as Heritage. It really impressed me.
P.A.,
Benicia, CA
HA.com receives more traffic than any other auction house website. To compare for yourself, visit: compete.com
Take our 2014 Coin
and Currency Survey
Grand prize:
A Certified Uncirculated
1907 High Relief $20!*
Take the Survey
HERITAGE VIDEO TUTORIAL
GETTING THE MOST OUT OF SEARCH
RECENT AUCTIONS
2014 September 4 - 6 Long Beach Expo US Coins Signature Auction - Long Beach
2014 September 4 - 6 Long Beach Expo US Coins Signature Auction - Long Beach
REALIZED $13,398,253
2014 September 3 - 10 Long Beach Expo World Coins Signature Auction - Long Beach
2014 September 3 - 10 Long Beach Expo World Coins Signature Auction - Long Beach
REALIZED SO FAR $9,113,781
2014 September 4 - 8 Long Beach Expo World Currency Signature Auction - Long Beach
2014 September 4 - 8 Long Beach Expo World Currency Signature Auction - Long Beach
REALIZED $1,847,114