Lot 1341
1802/1 $2.50 Capped Bust. PCGS graded AU-55. Untoned with reflective surfaces. What is most in full view when we examine this early quarter eagle is its rolling golden mint bloom, much of which is retained on both sides -- it expands over each side hindered by only a few abrasions and free of even a trace of toning. We note one small indentation above the 8th star, and some faint adjustment through Liberty's face and hair. A coin with outward charm that will delight the serious early gold collector. A halfhearted impression is many times left by the striking of the dies that made this year's quarter eagles, but this example shows plainly that it is much better than most. The few weak areas seem confined to the shield and wing (at left) with the eagle's claws full as well as the bundle of arrows and olive branch.
Die characteristics: The date logotype on this quarter eagle appears to be identical to that used for the 1802 JR-4 bust dime. Interestingly, the quarter eagle has often been called an 1802/1 overdate in past literature, while we do not recall any instances of the dime being called an overdate. The lower right serif of this digit is connected to the diagonal by a short die line while the upper left curve is connected to the opposite side of the diagonal by a second die line. It is these features that led some to call the quarter eagle an overdate. It is now the opinion of most numismatists that these merely represent slight defects to the date punch and in no manner suggest there ever was an 1802/1 overdate. Only 3,035 struck. Pop 9; 24 finer; 8 in 58; 6 in 61; 3 in 62; 7 in 63. (PCGS # 7650) .
Estimated Value $19,000 - 21,000.
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