1805
$2.5 Quarter Eagle PCGS AU58. Early gold pieces are
among the most difficult types to find for a complete
type set, especially in high grade. In comparison with
many other, later series, there are no common dates
and even the highest mintages will cost a considerable
amount of money. Some times, with intensive searching,
the type collector will be able to find a perfect piece,
with the looks of a higher graded coin. Such a coin,
from the early 19th century is offered here. As Bass-Dannreuther
put it into their book called Early U.S. Gold Coin Varieties,
“Common is not a word associated with any date,
variety or die state in the series [of early quarter
eagles]”
The 1805 is one of the second type
of quarter eagles, introduced in late 1796 and struck
until 1807. Its mintage is estimated to be a mere 1,781
pieces; all struck from a single die pair. Of this die
pair, the obverse would have a curious future after
the 1805 quarter eagles had been struck. It was heated
to be overdated, which happened in 1806 and the die
was put back into service again as an 1806 die. This
process is highly unusual in the history of American
coinage, and rare at that. As for the reverse, it is
considered to be one of the workhorses of all early
United States dies. After it struck these quarter eagles,
it continued to do so for two years. Additionally, it
struck a total of 165,000 dimes, which shared the same
reverse die. These cross-uses of the reverse dies was
common at the time, but in such large quantities it
was highly unusual.
With an estimated 100 to 150 pieces
known of this date in all grades, one has to guess that
this issue is not easily found in any grade. The present
coin is a lovely survivor of the small mintage, and
is destined for one of the finest sets. It is totally
original and scarce as such, as many of these pieces
have been cleaned in the past. The fields are relatively
mark free, and although it spent some short time in
circulation, the appearance of wear is limited to some
minor luster breaks. Extremely scarce as both a type
and date, act quickly to secure this coin for your collection
or investment portfolio.
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