1796 Draped Bust Quarter. B-2. Rarity-3. AU-50 (NGC). This well centered AU example offers overall smooth surfaces and full denticles. The central obverse is nicely defined for the issue, while there is the usual hint of weakness to the reverse eagle. Satiny surfaces exhibit iridescent silver-lilac toning and warmer peach highlights throughout. Free from the dramatic adjustment marks that are often present on this issue.The Draped Bust, Small Eagle design type of 1796 represents the first year of the denomination -- the dime of the same general design type also debuted in this year. Only 6,146 examples of this elusive quarter dollar issue were produced, amounting to a small face value total of just $1,536.50. The obverse design is attributed to Gilbert Stuart and the reverse to the Mints engraver Robert Scot. Most of the examples known today are well worn, with many also exhibiting significant impairments such as holes or scratches. Fortunately for todays advanced collectors, there are About Uncirculated and a scattering of Mint State 1796 quarters known, as well. Whenever such high grade rarities appear on the open market, as here, they always attract a great deal of attention.After this initial coinage of quarter dollars, it wasnt until 1804 that the Mint received orders for this denomination from contemporary bullion depositors. By then, the Small Eagle reverse had been supplanted by the Heraldic or Large Eagle style. The 1796 quarter is recognized as a rarity, but one that is available to those with patience and a strong numismatic budget. Its status as a one-year design appeals to both early quarter specialists and advanced type collectors.
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