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1796 vs 1804 Quarters
bidask
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I think the 1796 is perceived to be scarcer.
But at the last several major auctions or even on the bourse I see more 1796's.
I didn't see any nice 1804's for sale.
Any thoughts?
But at the last several major auctions or even on the bourse I see more 1796's.
I didn't see any nice 1804's for sale.
Any thoughts?
I manage money. I earn money. I save money .
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I give away money. I collect money.
I don’t love money . I do love the Lord God.
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I think I've seen one raw 1804 Qaurter at a show in Colorado. I don't usually look for the 1804, it's more the 1796 therefore, I think the 1804 coin that gets severely overlooked. Those two quarters should have a similar pairing as the 1796 and 1797 Halves do.-IMO.
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Also, I would guess there are at least 5 times more 1796 than 1804s. That's for sure in mint state and many even a higher multiple in circ. grades.
I would assume that the 1796 was recognized early on as a one year type coin and pulled out of circulation.
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myurl
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<< <i>Doesn't the added pressure on the 1796 probably have something to do with type collectors? As the only small-eagle quarter, I can intuitively understand why it is more heavily sought after than the 1804, which is important only to date or date/variety collectors of early quarters. >>
I think that is probably true.....but still where are all the 1804 quarters?
I am talking more about availability than collecting for type reasons.
I give away money. I collect money.
I don’t love money . I do love the Lord God.
<< <i>As a one year type the 1796 is in much higher demand than an 1804.
Also, I would guess there are at least 5 times more 1796 than 1804s. That's for sure in mint state and many even a higher multiple in circ. grades.
I would assume that the 1796 was recognized early on as a one year type coin and pulled out of circulation. >>
So you would agree that in fact the 1804 is scarcer?
I give away money. I collect money.
I don’t love money . I do love the Lord God.
<< <i>Doesn't the added pressure on the 1796 probably have something to do with type collectors? As the only small-eagle quarter, I can intuitively understand why it is more heavily sought after than the 1804, which is important only to date or date/variety collectors of early quarters. >>
Bingo - I think this is a huge factor in the pricing difference.
As for pricing being similar to that of the 1796 / 97 half dollars (from a later post in this thread) - while I'd like that to be the case, there is no way that is about to occur as the 96 / 97 half dollars are very limited in availability. While I've seen many 1796 quarters at shows over the years, I have yet to see a 1796 or 1797 half dollar at a show with the exception of a display coin that wasn't for sale (at that time).
The 1796 outnumbers the 1804 in MS by 5x; in AU by 8x, and in XF and below just slightly.
Looks like the 1796 was saved more often.
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myurl
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In honor of the memory of Cpl. Michael E. Thompson
Later, Paul.
Later, Paul.
I have an extensive chapter about the 1796 quarters in my book titled "Henry Voigt and Other Involved with America's Early Coinage". There's more accurate information about this issue than has ever been presented before in any text. There's also a wonderful color image of the finest 1796 quarter from the Col. Green hoard, which is also described in detail.
The book goes on sale at the 2007 ANA show for $79. The price after the show is $95. Copies can be ordered from:
Karl Moulton
PO Box 1073
Congress, AZ 85332
<< <i>Can someone please tell me as to why the Mint stopped making quarters after 1796 for a few years? >>
Demand was low since there were a sufficient number of Spanish 2 Real pieces in circulation.
Worry is the interest you pay on a debt you may not owe.
However, with that being said, the general populace never used the quarter dollars, they didn't know how to figure the math to correctly make change, and they didn't really understand what the coins were meant to be - as there was no denomination found anywhere.
There's much more to the story than just saying the Spanish two bit pieces covered the need for quarters in circulation from 1796 to 1804.
<< <i>However, with that being said, the general populace never used the quarter dollars, they didn't know how to figure the math to correctly make change, and they didn't really understand what the coins were meant to be - as there was no denomination found anywhere. >>
That's pretty interesting stuff -
The 1796 quarter is at the top of my wish list.