he US currency market He retains a special fascination with pieces minted in the early years of the Mint’s operation. Among them stands out Golden eagle quarter from 1797Corresponding to the series “Type II bust”, a $ 2.50 version combines a Low print rate, clear die error, high level of preservation, and distinctive design.
This series belongs to an experimental stage in the production of gold coins in the United States. After the first issues of 1796, which did not include stars on the obverse, It was decided to modify the design by incorporating thirteen stars to represent the original colonies. The form remained in circulation until 1807, when it was replaced by a model Bust with hat by John Reich.
According to the Professional Coin Grading Service (PCGS), the quarter eagle was produced at the time It relied directly on gold deposits made by individuals at the mint.
Bullion owners can request that their metal be minted in specific denominations. Resulting in irregular manufacturing.
The $5 and $10 coins were the most in demand, while the $5 and $10 coins were the most in demand. The $2.50 was produced in much smaller quantities.
In 1797 Only 427 copies were minted From the quarter eagle “Draped Bust Type 2” which makes it One of the rarest coins of its class.
According to cash registers, About 20 pieces have survived worldwideFrom her Only three are considered to be in Mint State condition (Uncirculated), with one MS64 grade from Numismatic Guaranty NGC.
What distinguishes this version from other versions in the series is Clear break of death Which extends from the letter “Y” of “LIBERTY” to the stars 12 and 13 on the obverse. This is a defect in the currency Common to all known piecesis considered a key identifying feature The factor that increases its historical value.
the Type II bust It has certain characteristics that are easily recognizable in an original piece, such as:
Due to the fragility of the mold and the defects of the instrument process, Many pieces have fit marks and surface abrasions.
Despite these details, some specimens show A Shiny surface, with slight golden and copper tones Which shows the elapsed time and the type of preservation.
The value of a 1797 Draped Bust Type 2 coin depends on factors such as Maintaining the original luster intensity and clarity of the design. In the current market, an example graded Uncirculated 58 (AU58) by PCGS has been sold by $152,750 USD At Stack’s Bowers Auction.
Another unit certified as MS64, it is one of the best preserved pieces known, Its price reached 276 thousand US dollars In a sale organized by Superior Galleries.
However, according to the PCGS Price Guide, Pieces in excellent condition can exceed $375,000 USDdue to the combination of its rarity and historical importance in American numismatics.
The demand for gold coins has grown since the eighteenth century among collectors and investors. Driven by its limited availability and interest in early designs issued by the US Mint.
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