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1807 $2.50 Capped Bust

Currency:USD Category:Coins & Paper Money / US Coins Start Price:15,000.00 USD Estimated At:30,000.00 - 35,000.00 USD
1807 $2.50 Capped Bust
<Our item number 108467><B>1807 &#36;2.50 Capped Bust. Breen-6124. PCGS graded MS-62 PQ.</B> Encapsulated in PCGS holder 07944492. Nice light golden toning. One of the best among the few Mint State 1807 quarter eagles, this date is the most frequently encountered issue in the Capped Bust Right series, which serves to point out just how rare the other issues in this series are. Rarely available in Mint State, this is a bright reddish-gold example that has even, satiny mint luster over each side and smooth, clean surfaces. This luster is only interrupted by a few tiny abrasions and roughness within and on the shield, none of which are really important. A bit softly struck over the highpoints, this is a very attractive example of this scarce early gold type. Only 6,812 coins struck. <B>Pop 12; 5 in 63; 2 in 64; 1 in 65.</B> <B>&#40;PCGS # 7656&#41;</B>. <BR><BR>The year 1807 was an important one for the Thomas Jefferson administration. After years of trade friction with Britain as well as Napoleon&#39;s France, Jefferson slapped on an embargo against trade with those countries. The Embargo Act of 1807 was an American law prohibiting all export of cargo from American ports. It was designed to force Britain to reconsider its restrictions on American trade. Specifically, the Embargo act prohibited American goods from being shipped to foreign ports and all foreign vessels from taking cargo at American ports. It represented President Thomas Jefferson&#39;s response to the Britain&#39;s Orders in Council &#40;1807&#41; and Napoleon&#39;s Continental System, which were severely hurting America&#39;s merchant marines. Also, it was Jefferson&#39;s response to the British attack on the US Navy in the Chesapeake-Leopard Affair. Although it was designed to force the British and French to change their commercial systems, neither country did, and the Act was repealed in 1809 after Jefferson had left office. Moreover, the Act failed to prevent the War of 1812. <BR>Estimated Value &#36;30,000-35,000. <BR><BR >Our item number 108467<BR><IMAGES><P ALIGN="CENTER"><IMG SRC="http://goldbergcoins.net/liveauction/39jpegs/108467.jpg"> <BR><IMG SRC="http://goldbergcoins.net/liveauction/39jpegs/108467N2.jpg"> </P></IMAGES>