1802/1 $2 1/2 BD-1, R.4, AU58 NGC....

Description

1802/'1' Quarter Eagle, AU58
BD-1, 'Spike Shield' Variety

1802/1 $2 1/2 BD-1, R.4, AU58 NGC. Bass-Dannreuther Die State b/c, with clash marks on the obverse and a die crack from the rim through the final A in AMERICA. The 1802/'1' Capped Bust Right quarter eagle claims a tiny mintage of 3,035 pieces, with three die varieties known for the date. This coin represents the BD-1 variety, called the "Spike Shield" variety because of a die line that extends from the left corner of the shield to the eagle's wing. All three die varieties for 1802 use the same obverse die, which was traditionally thought to be an overdate. However, most modern researchers believe the artifact connecting the ball of the 2 to the diagonal is just a die line, rather than an undertype digit. The reverse die was subsequently used to strike the JR-3 variety of the 1802 dime and the JR-2 variety of the 1803 dime. The BD-1 is the most available variety of the date, with a surviving population of 90-120 examples in all grades.

Just a trace of friction is evident on the well-detailed design elements of this attractive near-Mint example that shows a touch of softness on the eagle's breast and upper shield. Clash marks are evident in the field near Liberty's chin and hair. The antique-gold surfaces are lightly abraded and retain traces of original mint luster. Census: 20 in 58, 22 finer (10/20).

Coin Index Numbers: (Variety PCGS# 45506, Base PCGS# 7650, Greysheet# 213448)

Weight: 4.37 grams

Metal: 91.67% Gold, 8.33% Copper

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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