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Lot
8007

1808 $2 1/2 Fine 12 ANACS. Bass-3017, Breen-6125, R.4. ...

2004 July New York, NY Signature Sale #320

 
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Auction Ended On: Jul 21, 2004
Item Activity: 5 Internet/mail/phone bidders
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Location: New York, NY
Description:
Desirable 1808 Quarter Eagle
1808 $2 1/2 Fine 12 ANACS. Bass-3017, Breen-6125, R.4. The only dies. The 1808 Capped Bust Quarter Eagle, one of a mere 2,710 pieces minted, is needed by the modest number of date collectors of United States gold, but enjoys even heavier demand as a one-year type coin. The reason for this one-year quarter eagle delivery is most likely due to the favored status of the half eagle among gold depositors. Breen (1988) asserts that banks normally specified the denomination into which they wanted their deposits of foreign coins or native bullion coined, and over 90% of the time they wanted most or all of their deposits coined into half eagles. Indeed, the Philadelphia Mint suspended quarter eagle production from 1809-1820 due to lack of demand. The current example is yellow-gold, with slightly darker color in some of the areas adjacent to the design elements. The devices are evenly worn, and exhibit nice detail for the grade. The only notable weakness is along the right borders of each side, which is typical for the issue. The surfaces are relatively clean for a coin in this grade, with just a few trivial, hardly noticeable marks to report.
From The Paulsboro Collection, Part Two.(#7660) (Registry values: P8) (NGC ID# 25FD, PCGS# 7660)

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