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Lot
3063

1805 $2 1/2 XF40 NGC....

2008 January Orlando, FL (FUN) Signature Coin Auction #454

 
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Auction Ended On: Jan 10, 2008
Item Activity: 5 Internet/mail/phone bidders
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Location:

Orange County Convention Center
North/South Building
9400 Universal Blvd.
Orlando, FL 32819

Lot Viewing, Room 220 D, E, F
Auction, Room 230 B

Description:
Rare 1805 Quarter Eagle, XF40
From a Mintage of Only 1,781 Pieces
1805 $2 1/2 XF40 NGC. To underscore the absolute rarity of the Capped Bust Right quarter eagle series, only 1,781 pieces were struck of the 1805 and yet it is the third most frequently encountered date in the 11-issue series. Breen has an interesting note that pertains to both this and next year's issue. Undoubtedly because so few quarter eagles were struck in 1805, mint personnel (mistakenly) thought the dies were still fresh enough to strike more coins the following year:

"The single var. of 1805 has stars 7 + 6; this obv. die was softened at year's end and a 6 punched over the 5; as with one each of the quarter-dollar and half-dollar obvs. of this date--an emergency measure not again repeated, as the redated dies did not hold up long. Other overdates are normally from dies earlier used and probably not given initial hardening with their earlier dates; reuse of 1805 dies after overdating testifies to Scot's running out of die steel ..."

Only 75 to 100 pieces are believed known today in all grades from the tiny mintage of 1805 quarter eagles. This piece is softly defined in the centers and shows the usual (light) adjustment marks in the center of the obverse. The deep yellow-gold surfaces show a strong accent of deep rose color around the margins. A short mark on the lower portion of the neck of Liberty is the only post-striking defect worthy of mention, and it is also a usable identifier should one wish to trace the pedigree of this rare, early quarter eagle.
(Registry values: P6) (NGC ID# 25F9, PCGS# 7653)

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