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    1806/4 Quarter Eagle, Bright Yellow-Gold MS62
    BD-1, Unusual 8x5 Star Arrangement
    Among the Finest Known

    1806/4 $2 1/2 8x5 Stars MS62 NGC. BD-1, High R.4. Bass-Dannreuther Die State b / b. In this die state die cracking is clearly seen across the tops of the letters in LIBERTY. The crack that connects the stars on the left side of the obverse is extremely faint; so faint we didn't pick it up when first looking at this coin. Only one die state is known for the reverse; unsurprising since only 1,136 pieces were struck. Both sides show evidence of heavy die lapping, evident from the prominent horizontal die striations in the fields on both obverse and reverse. The study of die states for this issue reveals an interesting and unexpected feature. John Dannreuther theorizes that a perfect obverse may not exist, or ever have existed. The reason is that the obverse partially cracked (apparently through LIBERTY first) in the overdating process. No perfect, uncracked obverses have been reported. Further examination of the dies reveals the reverse die was later paired with the single 1807 dime obverse die. While the reverse die here is unclashed, it repeatedly clashed when used for the later-date dime reverse; however, it never broke but was retired eventually when it was "bent."
    In 1806 the mintage of quarter eagles totaled only 1,616 pieces. Two dies were used to strike this small number, and both are easily discernible from the other, making this year easily collectible by subtype. The first subtype is this star arrangement, 8x5, the second has the more traditional 7x6 arrangement.
    The average grade found for the 8x5 star 1806/4 quarter eagle is AU51.3. That places this piece far above the average, and actually within the lower realm of the Condition Census. The heavily lapped fields are responsible for the bright, semireflectivity seen on each side. Heavy crisscrossing die adjustment marks are seen on the figure of Liberty. This was a common occurrence on early gold and silver coins as the Mint was especially careful to produce a coin of precise weight. Central details are softly defined on each side, which is expected for this denomination. There are numerous small abrasions scattered about, but the most obvious ones are seen in the left obverse field. Each side displays bright yellow-gold color. Census: 3 in 62, 3 finer (12/12).(Registry values: P6) (NGC ID# BFVW, PCGS# 7654)

    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 Dates
    January, 2013
    9th-14th Wednesday-Monday
    Bids + Registered Phone Bidders: 6
    Lot Tracking Activity: N/A
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