1796 $2 1/2 No Stars on Obverse, BD-2, R.4, XF45 PCGS....Click the image to load the highest resolution version.
Auction Preview: Preview items may not have yet been properly described or vetted, and items are posted as soon as they have a description or a picture. We are continuing to add and correct information as we approach the auction posting date, so check back here often and Contact us with any comments or suggestions.
1796 Capped Bust Left Quarter Eagle, XF45
1796 $2 1/2 No Stars on Obverse, BD-2, R.4, XF45 PCGS.
Bass-Dannreuther Die State d/b. The year 1796 ranks among the most
crucial and important of the fledging Philadelphia Mint. Its first
director, David Rittenhouse, died in that city on June 26, at the
age of 64, having established and led the institution for about
three years before resigning in June 1795 because of ill health.
Two famous future numismatic figures were also born during the year
-- Col. Mendes I. Cohen and Charles Cushing Wright -- while at the
Mint, a treasure trove of one-year rarities was created.
First Year of Denomination
Popular Single-Year, No Stars Type, BD-2
Equally important to understanding American numismatics in 1796 is the realization that this was the first year that the Mint struck every authorized denomination, including two copper denominations, five silver issues, and the gold quarter eagle, half eagle, and eagle. Many of those issues are today rarities, if not outright keys to their respective series. The 1796 No Stars quarter eagle merits special status as a first-year and one-year type, honors it shares with the 1796 quarter dollar. But while the 1796 quarter is a one-year type because no more were coined until 1804, the quarter eagle saw the addition of stars around the obverse rim on some of the 1796-dated pieces, making both quarter eagle variants one-year types -- the former as the only No Stars issue, the latter as the only quarter eagle with 16 obverse stars.
The present coin is an attractive Choice XF specimen that shows only light wear on the well-detailed elements. Some design definition is slightly incomplete due to die lapping in areas like the bottom curls. The pleasing antique-gold surfaces show only a few minor abrasions, with a couple of small, Mint-related lint marks, one in the lower right obverse field and the other near the L in LIBERTY. There is also a small planchet flaw beneath the 9 in the date, visible with a loupe. Prooflike reflectivity is evident in sheltered areas, adding to the substantial natural eye appeal of this important early gold type. (NGC ID# 25F2, Variety PCGS# 45501, Base PCGS# 7645)
Weight: 4.37 grams
Metal: 91.67% Gold, 8.33% Copper
Learn more at the Newman Numismatic Portal at Washington University in St. Louis.
Sales Tax information | PCGS Guarantee of Grade and Authenticity | Terms and Conditions
Bidding Guidelines and Bid Increments
Glossary of Terms
Signature®: Heritage Live®:After Internet bidding closes, live bidding will take place through www.HA.com/Live. Your secret maximum bid placed prior to the live event will compete against the live bids. To maximize your chances of winning, enter realistic secret maximum bids on our site. Many of our proxy bidders are successful at winning lots in these auctions, and usually below their secret maximum. You can also place last minute bids directly with us by e-mailing Bid@HA.com or calling 1-866-835-3243. (Important note: Due to software and Internet latency, live bids may not register in time, so enter realistic proxy bids.)
Signature® Floor Sessions
Proxy bidding ends ten minutes prior to the session start time. Live Proxy bidding on Heritage Live starts 24 hours before the live session begins and continues through the session. During the live auction event, bidding in person is encouraged, and Heritage Live includes streaming audio and often video during the event.