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1804 B-1 Quarter, MS62
Important Mint State Rarity

1804 25C MS62 PCGS. CAC. B-1, R.3. The production of quarters was minimal in the early years of the U.S. Mint, since depositors preferred more convenient silver dollars. The 1804 is a famous rarity, by far the rarest date within the five-year Draped Bust, Heraldic Eagle type. Just 6,738 pieces were minted, slightly more than the 6,146 pieces struck for the even better known 1796. While the 1796 is certainly significant, it is actually more available than the 1804, particularly in Mint State. PCGS has certified 34 examples of the 1796 in Mint State, while that service has only encapsulated eight 1804 quarters. Yet the 1804 is priced significantly beneath the 1796, which could well change in the future once the true rarity of the 1804 in Uncirculated grades is fully appreciated. Only two die varieties of 1804 quarter are known, with the B-2 significantly rarer. That die marriage that was only discovered in 1924 by Ard W. Browning, via a low-grade example. Even today, most examples of the B-2 are well-circulated. Only two Mint State pieces are known, according to the recently released Early Quarter Dollars of the United States Mint by Rea et al.
This is a sharply struck Mint State example of the B-1. The major devices display impressive definition, and only the two highest reverse stars are faint, as made. Rich patina in shades of tan-brown and steel-blue graces each side. The reverse is beautifully unabraded, and the obverse has only a couple of brief horizontal marks, one above the mouth, another beneath the jaw. Some light and unobtrusive obverse adjustment marks, as made, are generally localized to the dentils and shoulder.
Ex: A.H. Baldwin & Son, 3/1954, for the equivalent of $60; John Jay Pittman Collection, Part Two (David Akers, 5/1998), lot 1265, which realized $30,800; FUN Signature (Heritage, 1/1999), lot 6584, which brought $28,750; New York ANA (Superior, 8/2002), lot 847, which garnered $43,700.(Registry values: P7) (NGC ID# 23RB, PCGS# 5312)

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Auction Dates
January, 2012
Internet/Mail/Phone Bidders: 11
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