1806/5 Capped Bust Right Quarter Eagle. BD-2. Rarity-5+. Die State c/b. 7 Stars Left, 6 Right. MS-60 (NGC).
1806/5, 7 Stars Left, 6 Right in Mint State
Fourth Rarest Variety of the Series
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Die Variety: This is one of the most fascinating issues of the series as well as one of the rarest of the Capped Bust Right quarter eagle design style. The obverse die was used to coin 1805 quarter eagles and was returned to the die box when that production was completed. In 1806 it was overdated as here.
The obverse crack at the tops of LIB is the same crack that appears on the 1805 quarter eagles, along with a large dentil that extends nearly to star 9. For the reverse die, the same 1805 die was used but required no updating for this limited production run.
Die State: c/b. The obverse die shows a stronger crack between LI and has been lapped, which weakens the curl near the 1. The reverse die was lapped from its prior use in 1805 and is generally unchanged during this short-lived production.
Estimated mintage for the variety: 480 coins.
Estimated surviving population: 25 to 35 coins.
Strike: The obverse strike is rather sharp, with all the stars brought up to their centers. Liberty's curls offer strong definition throughout. Everything is crisp, right down to the peripheral dentils. The reverse is sharp as well with minimal areas of softness localized to the central devices. The stars over the eagle are sharp, including the double punched star on the right end of the middle row. All but a few letters in the motto are clear, though this striking quality is usually expected in this issue.
Surfaces: Attractive surfaces display bright yellow gold luster on all but the high points of the design where a trace of orange-gold is present. This is an outstanding example of this rarity.
Commentary: This variety is the fourth rarest of the entire Capped Bust quarter eagle series behind the 1796 BD-1, 1804 13 Reverse Stars BD-1 and the 1797 BD-1 issues. It is roughly tied in rarity with the 1798 BD-1 with Four Berries on the reverse.
Q. David Bowers: This lovely Mint State quarter combines rarity and high grade. It is significantly finer than most examples offered from "name" collections over the years.
John W. Dannreuther: This has been a favorite issue for many numismatists. It is one of the very few United States issues that features a die used for one year (1805), removed from service, overdated, and used for another year. Only lightly used dies would work for such an operation. Quarter eagles were not only the smallest gold denomination of the era, they are the rarest.
PCGS# 7655. NGC ID: 25FB.
Pedigree: From the Dr. James A. Ferrendelli Collection. Earlier from our (Bowers and Merena's) sale of the Russell J. Logan and Gilbert G. Steinberg Collections, November, 2002, lot 3065.
NGC Census: 1; 6 finer within the 1806/5 variety (MS-63 finest).
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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.