he american money market He continues to have a special fascination with pieces struck during the mint’s first years of operation. Among them, the most prominent one is Golden quarter eagle from 1797” series.Drape bust type 2” for a $2.50 copy. Low print runs, visible die errors, high level of shelf life and distinctive design.
This series belongs to the experimental phase of gold coin production in the United States. The first issue in 1796 did not have a star on the front; It was decided to modify the design by incorporating 13 stars representing the original colonies.. This model remained in circulation until 1807; Bust of John Reich wearing a hat.
According to Professional Coin Grading Service (PCGS), the production volume of quarter eagles at that time was It was directly dependent on deposits of gold by individuals at the mint..
Bullion owners can request that their metal be minted in a particular denomination. caused irregular manufacturing.
The $5 and $10 items were most in demand, though. The $2.50 one was produced in much smaller quantities.
1797 Only 427 copies were minted Quarter Eagle “Drape Bust Type2” One of the rarest coins in its face value.
According to monetary records, Approximately 20 pieces remain around the world.of which Only 3 are considered unused (Uncirculated), 1 MS64 graded by Numismatic Guaranty Company NGC.
The differences between this variant and other issues in the series are as follows: Visible die damage It runs from the letter “Y” in “LIBERTY” to the stars numbered 12 and 13 on the obverse. The flaw in this coin is common to all known worksconsidered an important distinguishing characteristic, Factors that increase historical value.
of Drape bust type 2 There are certain characteristics that can be easily identified in authentic pieces:
Due to mold fragility and imperfections in the coining process, Many pieces have fit marks and surface scratches.
Despite these details, some specimens Shiny surface, slightly golden and copper tints Indicates elapsed time and storage type.
The value of a 1797 Draped Bust Type 2 coin depends on factors such as: Preservability, strength of original luster, clarity of design. In the current market, examples rated About Uncirculated 58 (AU58) by PCGS are: $152,750 At the Stack’s Bowers auction.
Another unit, identified as MS64, is one of the best-preserved pieces known. The price reached USD 276,000 On sale sponsored by Superior Galleries.
However, according to the PCGS price guide; Pieces in perfect condition can fetch more than $375,000due to a combination of its rarity and historical relevance in American numismatics.
Demand for 18th century gold objects increased among collectors and investors. Driven by limited availability and interest in early designs issued by the U.S. Mint.
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