Heritage World Coin Auctions
CSNS Signature US Coin Sale 1254 26-28 Apr 2017
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Early Quarters
1796 25C B-2, R.3, Good 6 PCGS. Tompkins Die State 2/1. The debut issues of each denomination from the United States Mint are among the most sought-after of all US coins. Most collectors find such issues as the 1794 Flowing Hair dollar, the 1793 Chain cent, and the 1792 half disme immensely alluring, even if out of reach financially. Likewise, the 1796 Draped Bust quarter dollar is the biggest prize of the early quarter dollar series.
The 1796 quarter made its debut in an economic period when the need for a silver coin of that denomination was largely filled by the subsidiary denominations of the Spanish dollar, off of which the United States dollar was based. Coinage of the denomination totaled only 6,146 pieces that year, and then it was suspended until eight years later, in 1804. By then, the Small Eagle reverse had been replaced by the more elaborate Heraldic Eagle design. Thus, the 1796 quarter is not only a first-year, low-mintage rarity, it is also a one-year type.
Prices for the 1796 quarter often exceed the capabilities of would-be buyers, although there are a few well-circulated pieces that may be within the grasp of the budget-conscious collector. This Good 6 example shows boldly outlined devices and clear border legends, with generally even wear. The obverse borders are sharp, and the reverse rim grows slightly weak only above the AM in AMERICA. Deep reddish-gray toning blankets each side. The surfaces are smooth other than an old dig near star 15 on the obverse. Housed in a green label holder.
HID02901242017
1796 25C B-2, R.3, Good 6 PCGS. Tompkins Die State 2/1. The debut issues of each denomination from the United States Mint are among the most sought-after of all US coins. Most collectors find such issues as the 1794 Flowing Hair dollar, the 1793 Chain cent, and the 1792 half disme immensely alluring, even if out of reach financially. Likewise, the 1796 Draped Bust quarter dollar is the biggest prize of the early quarter dollar series.
The 1796 quarter made its debut in an economic period when the need for a silver coin of that denomination was largely filled by the subsidiary denominations of the Spanish dollar, off of which the United States dollar was based. Coinage of the denomination totaled only 6,146 pieces that year, and then it was suspended until eight years later, in 1804. By then, the Small Eagle reverse had been replaced by the more elaborate Heraldic Eagle design. Thus, the 1796 quarter is not only a first-year, low-mintage rarity, it is also a one-year type.
Prices for the 1796 quarter often exceed the capabilities of would-be buyers, although there are a few well-circulated pieces that may be within the grasp of the budget-conscious collector. This Good 6 example shows boldly outlined devices and clear border legends, with generally even wear. The obverse borders are sharp, and the reverse rim grows slightly weak only above the AM in AMERICA. Deep reddish-gray toning blankets each side. The surfaces are smooth other than an old dig near star 15 on the obverse. Housed in a green label holder.
HID02901242017