1806/4 Capped Bust Right Quarter Eagle. BD-1. Rarity-4+. Die State b/b. 8 Stars Left, 5 Right. AU-58 (NGC).
High Grade 1806/4, 8 Stars Left, 5 Right Quarter Eagle
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Die Variety: The obverse die was engraved in 1804 but not used. The stars are arranged 8 on the left by 5 on the right, with the uppermost star on the left well up and touching Liberty's cap. A raised die lump, likely from rust, is present in the field between star 6 and Liberty's cap. The 4 is shallow but easily seen beneath the left side of the 6. For the reverse the same die used in 1805 appears again with the boldly repunched star 11. This was the final cross-use of these reverse dies between dimes and quarter eagles as the updated style launched on the 1808 quarter eagle had the denomination so the reverses could no longer be used to strike dimes.
Die State: b/b. Now with tiny cracks, from rim to tops of LIBERTY; another star 2 to star 7; another star 7 to star 8; another star 9 to star 10; and yet another star 12 to star 13. Reverse lapped. The obverse die later formed a cud along the top of LIB, and this rare cud feature is known on a single coin in the Bass Collection.
Mintage: 1,136 coins.
Estimated surviving population: 75 to 90 coins.
Strike: The obverse is sharp save for the very central details, while the reverse is softly struck at the center with the eagle lacking some feather definition as well as the scroll and shield. The soft strike is diagnostic to this variety.
Surfaces: Colorful toning of crimson and lemon exist around the periphery when examined under a light. Solid visual appeal -- the protected areas offer mint reflectivity on the obverse while the reverse is more satiny, reflecting the die’s prior use. The centers are gold with russet-orange.
Commentary: This is a difficult die marriage to obtain. The obverse was a leftover 1804 obverse die that was not used previously for coinage, so a 6 was punched over that digit and the die placed into service. The reverse was first used in 1805 on that quarter eagle die marriage.
Q. David Bowers: This lovely coin follows suit with the other quarter eagles of the era in this collection -- a very nice high-grade example deserving of a move from one fine collection to another.
PCGS# 7654. NGC ID: 25FA.
Pedigree: From the Dr. James A. Ferrendelli Collection.
NGC Census: 5; 9 finer within the 1806/4 variety (MS-64 finest).
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