Lot 2760
1802/1 $2.50 Capped Bust. PCGS graded AU-50. Housed in an Old Green Holder. Only 3,035 pieces struck. Some luster still evident with a hint of light golden tone, and all major elements of the "classic" design showing fully. Pop 7; 42 finer (PCGS # 7650) .
Historic note: Early quarter eagles, 1796-1834, circulated to a moderate extent in the United States, although because their value as bullion exceeded their face value for most of this period, they were more likely to be hoarded. (The same happens to gold coins minted by the U.S. government today. Because American finance is on a fiat money basis, the competing gold "dollar" is hoarded while the lesser quality electronic or paper "dollars" get spent.) At the time these early 1802 quarter eagles were current, the public preferred U.S. and foreign silver coins of lesser metallic value to the gold-content, face-value U.S. equivalent.
Estimated Value $14,000 - 15,000.
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| Realized $13,928 |
