Lot 1460
1807 $2.50 Capped Bust. PCGS graded MS-63. Encapsulated in PCGS holder 21774134. A nice well struck coin with a hint of light toning. This is clearly the date to choose among early quarter eagles if you are a collector seeking a single coin to represent the heraldic eagle Type. Mintage had edged up slightly to 6,812 coins (still minuscule by even late-19th century standards). The 1807 issue accounts for slightly over one-third the quarter eagle mintage from 1796 to 1807. Nearly 200 examples may survive today. This mintage and survival qualify the issue as an important rarity. What's more, the coin is a gorgeous Mint State 63 example from an early die state. The reverse die had already been used for the entire mintage of 1805 and both varieties of 1806, and would later continue in service to produce 165,000 dimes bearing this date, resulting in extensive die wear. Vibrant bright-golden luster throughout with ample evidence of an even choicer grade seen in this bolder-than-average centers (including a much more detailed shield that typically seen). Additionally, the surfaces are exceedingly fresh. They somehow escaped heavy marks. There are no spots. In a word, they are beautiful! To the sounds of much paper shuffling and squeaky squirming around in the flimsy auction chairs, we expect bidders' anticipation of this handsome '07 quarter eagle will send it to a high price realized. Maybe one that surpasses all previous records for the MS63 grade. Pop 5; 2 in 64, 1 in 65 (PCGS # 7656) .
Estimated Value $50,000 - 55,000.
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