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    Description

    1802/'1' Quarter Eagle, BD-3, MS64+
    Rare Variety, Sole Finest Certified

    1802/'1' $2 1/2 BD-3, R.5, MS64+ PCGS Secure. CAC. Bass-Dannreuther Die State b/b. The double-punching on the leftmost star on the reverse is sufficient to diagnose this variety, as the same obverse die (called both 1802/1 and merely 1802; numismatists including John Dannreuther [and Harry Bass, Jr. before him] question the overdate status) was used with all three quarter eagle reverses known for the year. The reverse die was also used in later states to strike the 1802 JR-1 and 1803 JR-1 dimes. The BD-3 variety is rarer (R.5) than the BD-1 (R.4) and less rare than the High R.5 BD-2, according to the Bass-Dannreuther estimates.

    The blond-gold surfaces of this quarter eagle are amazingly well-preserved for a soft gold coin more than 200 years old. Splendid luster abounds throughout the surfaces on this high-end coin, amplifying the already-high eye appeal. A couple of light grazes on the upper shield area of the reverse are the only mentionable post-Mint contact. Some light planchet adjustment marks on the obverse are scarcely seen, blending into Liberty's hair and lower turban cap. Nonetheless, the fields and the device high points overall exhibit a noteworthy lack of mentionable abrasions. Some minor strike softness is confined to the immediate centers of both sides.

    Offerings of this rare variety in any Mint State grade are expectedly infrequent, and far more so at the near-Gem level of the present piece. This piece was formerly graded MS65 NGC and offered as lot 5020 in our FUN Signature (Heritage, 1/2011), where it realized $172,500. This piece boasts enormous aesthetic appeal and should realize a strong result among the many specialists whose attention this coin will pique.

    This piece conditionally approaches the zenith of the surviving population. For all varieties of the 1802, NGC reports three submissions in MS64 and the lone MS65 discussed above, a duplicate grading event for this coin; PCGS for all varieties shows one example of the BD-1 in MS64, and this sole example of the BD-3 in MS64+. This piece is the sole finest of the date graded at either service and likely the finest known (10/15). The CAC approval of this coin further cements its status as one of the most desirable Draped Bust quarter eagles that could conceivably be obtained by advanced numismatists.
    From The McCoy Family Collection of U.S. Early Gold Quarter Eagles. (NGC ID# 25F6, Variety PCGS# 45508, Base PCGS# 7650)

    Weight: 4.37 grams

    Metal: 91.67% Gold, 8.33% Copper


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

    View all of [The McCoy Family Collection of U.S. Early Gold Quarter Eagles ]

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    Auction Dates
    January, 2016
    6th-11th Wednesday-Monday
    Bids + Registered Phone Bidders: 16
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    The marketing was exceptional from the photos to the ads in Civil War Times and North South Trader for the cross over people!!! I have had many emails from my Civil War collecting fraternity that saw these and I saw them at the national show in Nashville/Franklin in early December.
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