1802/'1' Capped Bust Right Quarter Eagle. BD-3. Rarity-5. Die State b/b. Recut Star 1 on Reverse. AU-58 (NGC).
Handsome 1802 BD-3 Quarter Eagle
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Die Variety: This is the third use of the single 1802 obverse die. The reverse die has the first star on the upper left strongly repunched, and the leaf touches the I of AMERICA in the branch. This reverse die was also used to strike the 1802 JR-1 dimes and the 1803 JR-1 dimes.
Die State: b/b. The obverse continues from its prior marriage to exhibit no signs of clashing, cracks, or lapping. For the reverse a short crack extends to the rim from the top right (facing) feather of the eagle's wing, another short crack from the top left point of the shield to the scroll above.
Estimated mintage for the variety: 750 to 1,250 coins were likely struck of this variety out of a total of 3,035 for the date.
Estimated surviving population: 60 to 75 coins.
Strike: The strike is firm overall, most notably on the obverse where all the devices are sharp. For the reverse there is a hint of softness on the shield, but this is minor. The eagle's wings and the scroll and clouds are three-dimensional, as this hub was strongly pressed into this reverse when the die was created. Furthermore, the dentils and lipped feature of both dies are sharp throughout.
Surfaces: Attractive golden yellow surfaces exhibit minimal signs of handling. We note some faint adjustment marks on the obverse that run nearly vertical at the center of the coin and that are not unusual.
Commentary: We comment on population reports: For early American gold coins of rarity and high value it is common practice to resubmit the same coin multiple times. Thus, four or five listings in a population report might represent just a single coin. The offered specimen will be a desirable addition to any advanced collection.
Q. David Bowers: Again, to see and to contemplate this and other early quarter eagles is to want to own them!
PCGS# 7650. NGC ID: 25F6.
Pedigree: From the Dr. James A. Ferrendelli Collection.
NGC Census: 21; with 26 finer for the date.
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All population information listed above is intended to be as accurate as possible. Stack’s Bowers Galleries insists that you contact each certification source for further verification. No purchasing decisions should be made on this data alone, which is provided as a service and convenience to our customers. Returns based on inaccurate data will not be accepted.