1804 Draped Bust Quarter, B-1, VF20
1804 25C VF20 NGC. B-1, R.3. The 1804 Draped Bust, Heraldic
Eagle quarter boasts a tiny mintage of 6,738 pieces. The issue is
one of the most popular dates among early quarter enthusiasts, and
it has considerable appeal as a first-year type coin. Quarters were
first minted in 1796, but no more were coined until 1804. The 1804
is actually much more difficult to locate than the 1796 in high
grade. There are two known varieties of the date, although one of
them remained undiscovered until after 1922. The present coin is a
representative of the more available B-1 variety, with the low 4 in
the date. The 1804 is scarce in all grades, but B-1 examples can be
located in higher grades with patience.
Sought-After First-Year Type Coin
The auction history of the 1804 quarter is long and distinguished, but the history of the different varieties is clouded because the B-2 variety was unknown in the 19th century. An early appearance that can be confirmed as a B-1 occurred in lot 672 of the Cohen Collection (Cogan, 10/1875):
"1804 Remarkably fine for this rare date, and although a little circulated, is about the second or third best I have known to be offered at auction, and very rare in this condition."
The lot was plated and can be identified as a B-1 example. William Poillon's annotated copy of the sale indicates the price realized was $9, to Dr. Hall, a strong price at the time.
The present coin is an attractive specimen, showing even wear over all surfaces. Only the left part of the drapery is indistinct. Census: 6 in 20, 35 finer (3/13).
Ex: Central States Signature (Heritage, 4-5/2010), lot 2077.(Registry values: P7) (NGC ID# 23RB, PCGS# 5312)
Weight: 6.74 grams
Metal: 89.24% Silver, 10.76% Copper
Learn more at the Newman Numismatic Portal at Washington University in St. Louis.
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