1806/5 $2 1/2
Important 1806/5 7x6 Stars Quarter Eagle--AU 551806/5 AU 55 NGC. Stars 7x6. The 1806/5 is one of the great rarities in the quarter eagle series. Only 480 pieces were produced, with one gold specialist doubting that as many as 16 coins still exist today in all grades (only half that number have been certified). The 6/5 is tied with the 1841 for third rarest date in the entire quarter eagle series. The overdate feature was created when an 1805 obverse die was annealed (heated) and a 6 was punched over the 5 in the date. The surfaces are bright with a greenish-gold color overall. Softly struck in the centers, the only mentionable surface flaws are a V-shaped cut that shows just above the peak of Liberty's cap on the obverse and a short planchet flaw between stars 4 and 5 on the reverse. There is, as always, the die crack in the field just left of (LI)BERTY at the top of the obverse. This is only the second example of this rare early quarter eagle we have handled in recent years, this piece is one of the highlights of the rare gold collection consigned by the Diocese of Buffalo. (NGC ID# 25FB, PCGS# 7655)
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