Description

    Richly Toned MS62 1796 Quarter

    1796 25C MS62 PCGS. B-2, R.3. Easily distinguishable by the high 6 in the date, B-2 is the more common of the two known die marriages of the 1796 Draped Bust quarter. The half dollar was the dominant low-denomination coin for many years, but there was a demand for lesser value coins for commercial needs. These commercial needs could only be met by small foreign silver coins, and low-value private bank notes. The 6,146 quarters that were struck in 1796 were apparently sufficient to meet the demands for this denomination until 1804, when another 6,738 quarters were produced.
    The eccentric Colonel E. H. R. Green once owned 200 Mint State 1796 quarters, most of which were of the B-2 variety. While we do not know whether or not the present representative came from Green's holdings there is a good chance it did. According to Abe Kosoff, half the Green coins were prooflike. Kosoff distributed the Green coins in the New York area in the early 1940s.
    This is a richly toned example with deep green-gray color with splashes of reddish-gold patina at the border areas. The impression is expertly centered and bold over most areas, but the eagle's head is characteristically soft for the variety. Modest underlying brightness is evident at a few angles, but we can find no singularly mentionable handling marks. In addition to a limited original mintage of 6,146 pieces, the 1796 is popular as the first U.S. quarter and the only issue of the Draped Bust, Small Eagle type. An exceptional representative of the first U.S. quarter dollar.
    From The Aspen Collection.(Registry values: P7) (NGC ID# 23RA, PCGS# 5310)

    Weight: 6.74 grams

    Metal: 89.24% Silver, 10.76% Copper


    View all of [Aspen 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
    Jul-Aug, 2008
    30th-3rd Wednesday-Sunday
    Bids + Registered Phone Bidders: 8
    Lot Tracking Activity: N/A
    Page Views: 1,684

    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 45 days left to consign to the 2018 February 21 - 26 LB Expo US Coins Signature Auction - Long Beach!

    Learn about consigning with us

    I have now had four successful auctions with Heritage and plan on at least several more with your firm.
    [ Entire Letter » ]
    Lowell J. DeMers, CPA,
    Los Angeles, CA
    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 November 2 - 4 US Coins Signature Auction - Dallas
    2017 November 2 - 4 US Coins Signature Auction - Dallas
    REALIZED $9,915,667
    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 $5,398,244
    2017 November 1 - 2 Eric P. Newman VIII Currency Signature Auction - Dallas
    2017 November 1 - 2 Eric P. Newman VIII Currency Signature Auction - Dallas
    REALIZED $1,989,801