1796 $2 1/2 No Stars on Obverse, BD-2, R.4 -- Repaired -- NGC Details. AU....

Description

1796 Capped Bust Right Quarter Eagle, AU Details
Popular No Stars Variety, BD-2

1796 $2 1/2 No Stars on Obverse, BD-2, R.4 -- Repaired -- NGC Details. AU. Bass-Dannreuther Die State c/b. The quarter eagle denomination was introduced in 1796 and examples were struck in two major design types, with and without stars on the obverse. There are two known die varieties of the No Stars type. This coin represents the extremely popular BD-2 variety, with Normal Arrows that extend only to the end of N in UNITED on the reverse. The obverse die was used previously to strike the rare BD-1 variety of this date, but this was the only use of the reverse die. John Dannreuther estimates the BD-2 dies were used to strike 897 pieces of the first-year mintage and the surviving population of the BD-2 variety is 100-125 examples in all grades.

This impressive survivor exhibits AU sharpness on the design elements and the orange-gold surfaces are lightly abraded, outside of some chatter in the left obverse field. The effects of the noted repair are especially evident on the eagle's neck and shield on the reverse. This popular one-year type coin will be a welcome addition to a fine type set or collection of early gold.

Note for clients in the European Union: This lot is considered by the European Union to be “investment gold”. We believe that it meets the criteria established in Article 344(1), point (2) of Council Directive 2006/112/EC and thus should be exempt from import VAT regardless of the selling price. Any questions or concerns about VAT should be addressed to your accountant or local tax authority.

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