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Description

Almost Uncirculated 1804 B-1 Quarter
First-Year Draped Bust, Heraldic Eagle Issue

1804 25C AU50 NGC. B-1, R.3. The 4 is equally spaced between the dentils and bust on the B-1 die pairing, one of only two known for the year. The rarer (R.5) B-2 obverse shows the 4 in the date much higher, virtually grazing the bottom of the bust. The two obverses share a common reverse, showing the D in UNITED touching a feather and AME joined at their bases. This common reverse was also carried over to the B-1 quarters of 1805.
Besides the different positioning of the 4, the B-1 obverse die shows a comet-shaped die flaw between stars 8 and 9 that allows ready attribution. For a price, examples of the B-1 are available in virtually any grade, all the way up to the MS65 level, where we handled an NGC specimen pedigreed to the Colonel Green and Jerome Kern collections, a piece that realized $345,000 and $310,500 in two appearances with us (Heritage, 4/2008, lot 2274; 1/2011, lot 5507).
The 1804 quarters were made in the extent of 6,738 coins, the first since the 1796 quarters and the first of the Draped Bust, Heraldic Eagle type, one that continued through the 1807 coinage. The present AU50 piece offers the best of both worlds, much of the luster and detail of a fully Mint State piece but at a far more reasonable price. The obverse shows die clashing in the area under BER, above the date, and the "collar" clashing from star 13 upward, paralleling the neckline. The reverse displays an arcing clash from the clouds to OF. The centers show considerable silver color remaining, deepening to iridescent hues of pink, blue, gold, and gray nearer the rims on each side. Light circulation wear appears on the high points and a few light contact marks dot the surfaces, none of them overly distracting. The surfaces are nonetheless quite commendable, revealing more than a glimpse of what this piece must have resembled in Mint State. Census: 1 in 50, 9 finer (12/11).(Registry values: P7) (NGC ID# 23RB, PCGS# 5312)

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Auction Info

Auction Dates
January, 2012
3rd-8th
Internet/Mail/Phone Bidders: 5
Members Tracking: N/A
Page Views: 1,291

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