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Description

Gem 1806 Draped Bust Quarter
Condition Census B-3 Variety
Only One Finer Coin at NGC

1806 25C MS65 NGC. B-3, R.1. Tompkins Die State 1/2. The 1806 Draped Bust quarter claims a mintage of 206,124 pieces, with 10 die varieties known for the date. This coin represents the available B-3 variety, with a missing lower-left serif on 1 in the date and 12 arrowheads on the reverse. This example is the finest of the six pieces that Steve Tompkins lists in his 1806 B-3 Condition Census.

The obverse and reverse dies were both used for other varieties in addition to the B-3 combination. The obverse die was also used for B-2, and the reverse die was also used for B-4. Tompkins has presented a detailed remarriage chart for the three varieties, showing that 1806 B-2 was struck first, B-3 was struck second, B-4 was struck third, and finally more examples of B-3 were struck fourth. The final use of the dies for B-3, struck after B-4, is called a "remarriage" since the same dies were joined together for a second time. Documenting any remarriage among early coins is an extremely difficult challenge, since multiple examples of all varieties have to be studied, and exact die state differences must be documented.

Faint traces of champagne toning appear on the obverse of this otherwise fully brilliant white quarter. Both sides have highly lustrous and frosty surfaces with few imperfections of any kind, other than a planchet impurity that is visible on the obverse rim over IB. The lower part of the obverse and upper part of the reverse show considerable weakness. Struck on a screw press, this piece is a couple turns short of a full strike. Since all of the peripheral detail is fully defined, the weakness may not be attributable to improper operation of the screw press. Instead, the possibility exists that one or both dies were slightly sunken at the center, making it impossible to achieve a full strike. Census: 2 in 65, 1 finer (1/13).
Ex: ANA Signature (Heritage, 7/1997), lot 6225; Richard Jewell Collection (American Numismatic Rarities, 3/2005), lot 1665; FUN Signature (Heritage, 1/2009), lot 3712, realized $80,500.(Registry values: P5) (NGC ID# 23RD, PCGS# 5314)

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Auction Dates
February, 2013
7th-10th
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