LOT Old Heritage Auctions  /  2008 Jan. FUN Signature Coin Auction #454  / 

3066

1807 $2 1/2 MS62 PCGS

Currency:USD Category:Coins & Paper Money / US Coins Start Price:55,000.00 USD Estimated At:1.00 - 1,000,000.00 USD
1807 $2 1/2 MS62 PCGS
<B>1807 $2 1/2 MS62 PCGS.</B></I> BD-1, R.3, the only known variety. The 1807 quarter eagle is the last year of Robert Scott's Heraldic Eagle design type, coined 1796 to 1807. Walter Breen, in his 1988 <I>Complete Encyclopedia of U.S. and Colonial Coins</B></I>, writes:<BR><BR>"During this whole decade, quarter eagles were coined only in isolated driblets of a few hundred or at most a few thousand pieces. The problem is less why the coins are rare, why so few were made to begin with, but why any were struck at all! To judge from available Archives records, they were ordered on whim by a few local banks (principally the Bank of Pennsylvania and the Bank of the United States); to judge from the condition of survivors, they spent most of their time in vaults."<BR><BR> The 1807 is generally considered the most available quarter eagle of its type in all grades. In and around Mint State, it is a favorite among type collectors owing to its relative availability. However, this should not be taken to mean that it is "common;" indeed, locating a pleasing, problem-free example can be challenging.<BR> This MS62 coin displays flashy semi-prooflike fields that yield noticeable contrast with the mildly frosted motifs. A well executed strike leaves strong definition on the design features, further accentuating the field-device contrast, and pretty yellow-gold color on each side gives off a greenish cast. A few handling marks are scattered about, none of which is worthy of individual mention. This lovely piece, housed in a green-label holder, is ever so close to the Select level of preservation.<BR><BR><B>Coin Engraver:</B> Robert Scot<BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
Sign In to Bookmark Lot