1802/'1' $2 1/2 BD-3, R.5, AU58 PCGS....

Description

1802/'1' BD-3 Quarter Eagle, AU58
Partially Lustrous, Pleasing Surfaces

1802/'1' $2 1/2 BD-3, R.5, AU58 PCGS. Ex: Harry W. Bass, Jr. Collection. Bass-Dannreuther Die State b/b, cracked reverse. Of the three 1802 quarter eagle varieties, BD-3 is of median rarity -- scarcer than BD-2 but not seen as often as BD-1. Approximately 60 to 75 pieces are believed to survive in all grades. A repunched star beneath the left-most cloud on the reverse is a ready attribution aid for the die pairing. The reverse die was also employed for the JR-1 Draped Bust dime coinage in 1802 and 1803. John Dannreuther's findings about a BD-3 quarter eagle in the Smithsonian Institution suggest that the reverse die was first used to strike quarter eagles, then was employed for JR-1 1802 dimes, and then was remarried to the BD-3 obverse for more quarter eagles. The JR-1 1803 dimes appear to have been struck last, owing to the shattered reverse.

The Bass coin is a pleasing near-Mint example, showing slight high-point handling wear with remnants of luster in the protected portions of the fields. Scattered light marks accompany the grade. Rich honey-gold patina characterizes each side.
Ex: Armand Champa Collection (Bowers and Ruddy, 5/1972), lot 509; Harry W. Bass, Jr. Core Collection, Part I (Heritage, 9/2022), lot 11006.
From The Distinguished Gentleman of the O.C. Collection.

Coin Index Numbers: (NGC ID# 25F6, Variety PCGS# 45508, Base PCGS# 7650, Greysheet# 213450)

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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