New purchase-1804 quarter.
rhedden
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Here's the 1804 quarter from the set I just bought (not for sale). It's nice to see a rare coin like this come out of hiding after 50 years in storage. There are a couple of small reverse rim nicks, but it has a nice original look for an early Bust coin. Many of the other Bust quarters in the set were cleaned, but I am glad this one was not. I am also glad that Jack the Ripper did not get his hands on it, like the 1870-CC I posted yesterday. Hope you enjoyed seeing it.
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Edited to add: Here is a PCGS F12 I "borrowed" from the Heritage archives for comparison.
Congratulations.
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great coin, I'm guessing a strong 10.
Very nice.
-wes
Too many positive BST transactions with too many members to list.
Solid rims for the most part, wonderful central design details, and the color is fiarly original looking
1804 B-1, R3
Didn't wanna get me no trade
Never want to be like papa
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--"Happy", by the Rolling Stones (1972)
What about showing one big pic of all the coins in the original album...
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I took a few pics like that, but many of the coins look like they are in lower grades than they really are, and the few brightly cleaned coins jump right off the page. It's easier said than done.
Nice acquisition. VG10 seems reasonable and the full dentils on the obverse is a bonus.
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These are so much more tough to acquire that the 1796 IMHO. I would say that VG-10 to F-12 is correct for the grade, although I still believe that the TPG's are a bit harsh in their grading of the draped bust series.
The 1804 represents the first time Bust Quarters were struck since the last of the 1796's were produced in February of 1797...
By the time these were struck, the mint had changed over to the heraldic eagle reverse design on all the other silver denominations. Due to the large influx of Spanish colonial coinage from the Central and South American mints there was little need for striking of the quarter denomination, as the quantity of Spanish 2 Reales and other foreign coins in circulation was enough for normal commerce.
This lack of requests for the quarter denomination was also partly due to the lack of popularity of the 1796 quarter dollar with the general public. The Spanish colonial 2 Reales were valued closer to 20 cents rather than 25 cents in most areas, and in fact the value of the different Spanish fractional currency varied from state to state and even from city to city.
Due to this discrepancy and the lack of a value stated on the 1796 quarter, the public had great problems in making change, which led to the preference of a “familiar” coin in the Spanish 2 Reales versus an “unfamiliar” one in the Bust Quarter. It is the opinion of this author that this was one of the main reasons for the addition of a value when quarter production resumed in 1804, as a value was not listed on the reverse of any other denomination above the cent until 1807 (the 1796 & 1797 half dollars are the only unexplained exception and I have my unpublished theories about them...). Only the half and dollar denominations had the value listed on the edge. It might also be a partial explanation for the large amount of higher-graded 1796 quarters that exist today versus the small amount of 1804's. The 1804's actually circulated!
With only 6,738 examples struck, 1804 is the key date of the 1804-1807 series. Very few examples were saved at the time of issue and therefore few will be found in higher grades.
Got to Love them Bust Quarters!
QN
Go to Early United States Coins - to order the New "Early United States Half Dollar Vol. 1 / 1794-1807" book or the 1st new Bust Quarter book!
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'dude
12 or 10??
golly gee I just can't decide.
Let's flip a coin.
Anyone got a quarter, yes, rhedden does
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