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Long Beach Signature US Coin Sale 1256  8-9 Jun 2017
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Lot 3802

Starting price: 1 USD
Price realized: 95 000 USD
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Early Quarter Eagles
1796 $2 1/2 No Stars on Obverse, BD-2, R.4, AU50 PCGS. Bass-Dannreuther Die State c/b. This was the second use of this obverse die, after it struck the small quota of BD-1 (Extended Arrows) coins. The obverse shows the lower hair curls of Liberty lapped but still intact. The remnants of the earlier die crack through the bases of LIBERTY are largely effaced from lapping, now confined to traces of the crack on each side of the E, the one on the right continuing through the R and its diagonal. A curving crack from 9 o'clock rises upward into the left obverse field, but there is as yet no trace of a later second crack (State d) that will appear nearby. The reverse shows a die lump at the right-side rim, above the eagle's right (facing) wing. Planchet adjustment marks show on the reverse, one set running diagonally through the eagle's head, neck, breast, and upper (horizontal) shield lines, a second set running horizontally through the lower (vertical) shield stripes, and a third smaller set running intermittently in two directions through the centermost clouds.
About half of the original luster remains on this piece, which sports prevailing wheat-gold color with some original patina around the device edges in hues of lilac, rose-copper, and pale blue. A few linear marks appear on the portrait of Liberty, including on the bustline, the lower drapery, the hair behind the ear, and the middle of the cap. A small planchet depression, as made, shows near the obverse rim at 8 o'clock.
Technical descriptions such as this one aside, the 1796 No Stars carries crucial importance as the first year of the type, and a distinct one-year design. Collectors never tire of pursuing collectible examples such as this attractive piece.
From The Faris Collection.

HID02901242017
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