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    Description

    Elusive 1798 BD-2 Quarter Eagle, AU50

    1798 $2 1/2 AU50 PCGS. BD-2, Low R.5. The top of the 8 slightly overlaps the lower edge of the drapery. The branch has five berries. Either feature is diagnostic for the elusive 1798 BD-2 quarter eagle. The other variety, that is even rarer, has the 8 distant from the drapery and only four berries in the branch. Both dies are perfect on this example, as they apparently are on all known 1798 BD-2 quarter eagles. The reverse die remained in used for 1798 JR-4 and 1800 JR-1 dimes. Since both of the dime varieties were actually struck in 1800, it seems likely that these five berries quarter eagles were coined about the same time. The actual mintage of the five berries pieces probably included mint deliveries dated May 15, 1798 (298), April 15, 1798 (60), and December 28, 1799 (480), for a total of 838 coins.
    The present piece, housed in a green-label PCGS holder, is moderately abraded, but exhibits lovely green-gold luster with reflective fields. Splashes of violet toning appear in the obverse fields, with pale rose toning about the reverse. The strike is adequate, with especially bold details on the reverse. In the Ed Price catalog, we estimated about 80 to 90 survivors exist of the variety, although that number may be a little high. Perhaps only 60 to 70 still exist, more in keeping with our Low R.5 rarity rating. This piece is probably one of the ten finest examples of the variety known today. It seems that there are about five Mint State examples and five more AU grade coins in existence. (Registry values: P7) (NGC ID# 25F5, PCGS# 7649)

    Weight: 4.37 grams

    Metal: 91.67% Gold, 8.33% Copper


    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

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    Auction Info

    Auction Dates
    September, 2008
    17th-21st Wednesday-Sunday
    Bids + Registered Phone Bidders: 8
    Lot Tracking Activity: N/A
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