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    Description

    1796 B-2 Quarter, MS63
    Widely Sought, One-Year Type

    1796 25C B-2, R.3, MS63 PCGS. The year 1796 was significant as the first time that the Mint was able to actually produce all coinage denominations authorized by the Mint Act of 1792. The quarter, dime, and quarter eagle were all minted for the first time in this year. Earlier, priority had been given to the more prestigious large denominations and to the smaller coins that were indispensable in daily transactions. The modest demand for the quarter is reflected in its minuscule mintage of 6,146 pieces.

    The public must have found the new coins interesting, if not very useful. A relatively large number of examples were saved as curiosities or in bank vaults, and the issue is available in all grades today. After 1796, the denomination was not produced again until 1804, by which time the reverse had been changed to the Heraldic Eagle design. Thus, the 1796 quarter is one of the few one-year type coins, and it is among the most hotly demanded of those, with pressure coming from a wide spectrum of collectors that ranges from type enthusiasts to early quarter specialists who harbor the ambition of owning both die varieties for the issue.

    The present example boasts deep reddish-gold and lavender tones across both sides. The strike is outstanding, with the only noteworthy weakness at the center of the eagle and the upper right of the wreath, undoubtedly a result of positioning the obverse and reverse high points directly opposite. The surfaces are free of any distracting impairments. Including both the B-1 and B-2 varieties, PCGS reports a total of 10 submission events at the MS63 level with only 13 examples finer (8/14). This is a magnificent specimen that appeals to type, date, series, and ultra-rarity collectors.
    From The Pannonia Collection, Part Two.

    Coin Index Numbers: (NGC ID# 23RA, Variety PCGS# 38920, Base PCGS# 5310)

    Weight: 6.74 grams

    Metal: 89.24% Silver, 10.76% Copper


    View Certification Details from PCGS

    Auction Info

    Auction Dates
    October, 2014
    8th-13th Wednesday-Monday
    Bids + Registered Phone Bidders: 11
    Lot Tracking Activity: N/A
    Page Views: 2,484

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