1802/1 $2 1/2 BD-3, R.5, MS61 NGC....

Description

1802/1 Quarter Eagle, BD-3, MS61
Delightfully Original Coloration

1802/1 $2 1/2 BD-3, R.5, MS61 NGC. Ex: Hilt Collection. Bass-Dannreuther Die State b/b. BD-3 is the second rarest variety of the 1802 quarter eagle, scarcer than BD-1, but not quite as elusive as BD-2. This is the third and final use of this obverse die, which is shared by the other two 1802 varieties. The reverse die is seen here in its only quarter eagle pairing, but was also employed for the JR-1 1802 dime and the JR-1 1803 dime. A study of die states on these three issues suggests that this reverse was first used for the BD-3 quarter eagle, then briefly employed for the 1802 dime, then repaired with the quarter eagle obverse for a second production run of that denomination, and finally used for the 1803 dime, where it terminally cracked. The cross-usage of the quarter eagle and dime reverse dies during this period was a cost-reducing measure, as the two denominations were within a millimeter of the having the same diameter.

The present Mint State BD-3 example is richly patinated in original bronze-gold patina with gentle peach and coppery-gold overtones on each side. The peripheries are sharply brought up, though the extreme centers are not fully defined. The central reverse shows the remnants of some faint, crisscrossing adjustment marks. An impressively appealing example of this rare variety.
From The Liberty USA 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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