Heritage World Coin Auctions
Dallas Signature US Coin Sale 1261 2-3 Nov 2017
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Early Quarters
1796 25C B-1, R.4, XF45 NGC. Tompkins Die State 3/3. The rarer of the two 1796 varieties, Browning-1 is attributed by a low 6 in the date, a lump between the 9 and the dentil, the date not equally spaced. The 7 and 9 are too close, the lower right star almost touches the drapery, and the upright of E in LIBERTY is centered over the curl. Both varieties share the same reverse. The late state of the reverse die indicates Browning-2 was struck first, then Browning-1.
The quarter dollar was issued on an irregular basis during the early years of the Mint. Coinage was low in some years, while others saw no production at all. The early Mint lacked a bullion fund to purchase silver, and processed each bullion deposit in the order it was received according to the wishes of the depositor. Usually, the depositor specified the denomination desired, and the needs of commerce were secondary.
Steve Tompkins writes in his treatise Early United States Quarters, 1796-1838:
"There was a glut of Spanish colonial silver 2 reales already in circulation. Many of these pieces even being very worn, traded at par, so the need was small for new coins of the quarter denomination. Consequently, few depositors wished to have their deposits returned in quarter dollars."
Tompkins continues:
"In fact, the new quarter denomination was not only unneeded, it was in all probability unwanted as well. Due to the lack of a denomination stated on the coin, the public even had trouble knowing what it was worth and how to use it for making change in daily commerce."
Just 6,146 pieces were struck in 1796. Medium intensity golden-gray patination in the fields offers deep-blue accents and frames light-gray central motifs. The design elements are well-defined, and the dentils are bold. Both sides are remarkably clean for a coin having experienced some circulation, and both are devoid of adjustment marks. In summary, this Choice XF piece is strong for the grade and is a wonderful addition for an advanced type or date collector. Census: 8 in 45, 68 finer (8/17).
Ex: Central States Signature (Heritage, 4/2010), lot 2075.
HID02901242017
1796 25C B-1, R.4, XF45 NGC. Tompkins Die State 3/3. The rarer of the two 1796 varieties, Browning-1 is attributed by a low 6 in the date, a lump between the 9 and the dentil, the date not equally spaced. The 7 and 9 are too close, the lower right star almost touches the drapery, and the upright of E in LIBERTY is centered over the curl. Both varieties share the same reverse. The late state of the reverse die indicates Browning-2 was struck first, then Browning-1.
The quarter dollar was issued on an irregular basis during the early years of the Mint. Coinage was low in some years, while others saw no production at all. The early Mint lacked a bullion fund to purchase silver, and processed each bullion deposit in the order it was received according to the wishes of the depositor. Usually, the depositor specified the denomination desired, and the needs of commerce were secondary.
Steve Tompkins writes in his treatise Early United States Quarters, 1796-1838:
"There was a glut of Spanish colonial silver 2 reales already in circulation. Many of these pieces even being very worn, traded at par, so the need was small for new coins of the quarter denomination. Consequently, few depositors wished to have their deposits returned in quarter dollars."
Tompkins continues:
"In fact, the new quarter denomination was not only unneeded, it was in all probability unwanted as well. Due to the lack of a denomination stated on the coin, the public even had trouble knowing what it was worth and how to use it for making change in daily commerce."
Just 6,146 pieces were struck in 1796. Medium intensity golden-gray patination in the fields offers deep-blue accents and frames light-gray central motifs. The design elements are well-defined, and the dentils are bold. Both sides are remarkably clean for a coin having experienced some circulation, and both are devoid of adjustment marks. In summary, this Choice XF piece is strong for the grade and is a wonderful addition for an advanced type or date collector. Census: 8 in 45, 68 finer (8/17).
Ex: Central States Signature (Heritage, 4/2010), lot 2075.
HID02901242017