Description

    Impressive 1796 Quarter
    AU55, B-1
    , R.4

    1796 25C AU55 PCGS. CAC. B-1, R.4. The rarer of the two varieties, it is attributed by a low 6 in the date, and a lump between the 9 and the dentil. The quarter dollar was struck sporadically during the early years of the Republic. Some years had low mintage, and some had no production at all. Steve Tompkins writes in his recent treatise Early United States Quarters, 1796-1838:

    "This was due in part to the actual needs of commerce, but added to this was a lack of the mint having a bullion fund to purchase silver and the need to process and strike each deposit in the order it was received. The mint was at the mercy of the depositor. If bullion was not deposited to be coined, the mint would sit idle. The depositor was also the one who determined what denomination they wished to have their deposit coined it to. There was a glut of Spanish colonial silver 2 Reales already in circulation. Many of these pieces even being very worn, traded at par, so the need was small for new coins of the quarter denomination. Consequently, few depositors wished to have their deposits returned in quarter dollars.

    "In fact, the new quarter denomination was not only unneeded, it was in all probability unwanted as well. Due to the lack of a denomination states on the coin, the public even had trouble knowing what it was worth and how to use it for making change in daily commerce."

    This Choice AU specimen features medium intensity bluish-gray and burnt-orange patina, along with traces of luster in the recessed areas. An attentive strike leaves strong definition on the design elements, including Liberty's hair curls and drapery, and the eagle's wing and tail feathers. The dentilation is bold on both sides, a characteristic of the type. A few light circulation marks are concealed in the toning, and are not at all distracting. Adjustment marks are completely absent. In sum, this piece generates impressive eye appeal.
    From The James Mossman Collection.
    See: Video Lot Description(Registry values: P7) (NGC ID# 23RA, PCGS# 5310)

    Weight: 6.74 grams

    Metal: 89.24% Silver, 10.76% Copper


    View all of [The James Mossman Collection ]

    Fees, Shipping, and Handling Description: Coins & Currency (view shipping information)

    Sales Tax information  | PCGS Guarantee of Grade and Authenticity  |  Terms and Conditions

    Bidding Guidelines and Bid Increments

    Glossary of Terms

    Auction Info

    Auction Dates
    January, 2009
    7th-11th Wednesday-Sunday
    Bids + Registered Phone Bidders: 5
    Lot Tracking Activity: N/A
    Page Views: 3,140

    Buyer's Premium per Lot:
    15% of the successful bid (minimum $9) per lot.

    Sold for: Sign-in or Join (free & quick)

    Heritage membership

    Join Now - It's Free

    VIEW BENEFITS
    1. Past Auction Values (prices, photos, full descriptions, etc.)
    2. Bid online
    3. Free Collector newsletter
    4. Want List with instant e-mail notifications
    5. Reduced auction commissions when you resell your
      winnings 
    Consign now
    • Cash Advances
    • More Bidders
    • Trusted Experts
    • Over 200,000 Satisfied Consignors Since 1976
    Only 18 days left to consign to the 2017 December 7 - 8 World Coins Signature Auction - Hong Kong!

    Learn about consigning with us

    Heritage handled the entire matter very professionally, as usual.
    John Walzer,
    Philadelphia, PA
    View More Testimonials

    HA.com receives more traffic than any other auction house website. (Source: Similarweb.com)

    Video tutorial

    Getting the most out of search

    Recent auctions

    2017 September 7 - 10 Long Beach Expo US Coins Signature Auction - Long Beach
    2017 September 7 - 10 Long Beach Expo US Coins Signature Auction - Long Beach
    REALIZED $9,147,576
    2017 September 7 - 12 Long Beach Expo World Coins Signature Auction - Long Beach
    2017 September 7 - 12 Long Beach Expo World Coins Signature Auction - Long Beach
    REALIZED SO FAR $5,422,294
    2017 September 7 - 11 Long Beach Expo World Currency Signature Auction - Long Beach
    2017 September 7 - 11 Long Beach Expo World Currency Signature Auction - Long Beach
    REALIZED $1,519,316