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Obverse of 1802 Quarter Eagle    Reverse of 1802 Quarter Eagle


1802 $2-1/2 DOLLARS
OR QUARTER EAGLE

PCGS No: 7650

Mintage:

Circulation strikes: 3,035
Proofs: 0

Designer: Robert Scot

Diameter: ±20 millimeters

Metal content:
Gold - 91.7%
Other - 8.3%

Weight: ±67.5 grains (±4.37 grams)

Edge: Reeded

Mintmark: None (all examples of this date and type were struck at the Philadelphia, Pennsylvania Mint)
     

Images courtesy of Ira & Larry Goldberg Coins & Collectibles, Inc.

Notes:
The finest 1802/'1' Quarter Eagles graded by PCGS are 6 MS-63's.

Significant examples:
PCGS MS-63.  Ex- Heritage Numismatic Auctions, Inc.'s "October 2000 Long Beach Sale" October 5-7, 2000, Lot 7489, illustrated, sold for $32,200.00

NGC MS-60 (illustrated above).  Ex - Ira & Larry Goldberg Coins & Collectibles, Inc.'s "The California Sale", October 2-3, 2000, Lot 663 at $12,075.00, where it was described (in part) as follows: "The obverse shows very little evidence of the overdate, while the reverse is familiar, with the die scratch from the left top of the shield to the eagle's wing and a light die scratch from the middle of the first A in AMERICA to the second feather of the right wing.  We note light coppery toning on the high points of the obverse, and some faint adjustment marks at the center of the reverse. Moderate handling marks expected for the grade, nothing too bothersome or problematic."

NGC AU-58.  Ex – American Numismatic Rarities, LLC’s “The Classics Sale,” July 25, 2003 , Lot

NGC AU-58.  Ex – American Numismatic Rarities, LLC’s “The Classics Sale,” July 25, 2003 , Lot 636, illustrated, sold for $12,650.00. "Breen-2, B-6118, Rarity-6" 

NGC AU-53 (illustrated below).  Ex - Superior Galleries' "Pre-Long Beach Sale", June 5-7, 2000, Lot 2078, where it was described as follows: "1802/1 NGC AU53 No apparent luster, although there is orange toning around the stars, legends and other devices. Typical strike weakness in the centers is the norm for these earliest U.S. Quarter Eagles. There are a few old marks in the field and on Liberty, though none that warrant singling out. Because the annual Director's Reports showed a delivery of 423 quarter eagles for 1803, for long this date was believed to exist. The 1803 delivery is now acknowledged to comprise coins dated 1802, for a total mintage of 3,035."  Price Realized = $6,210.00

Recent appearances:
NGC AU-53.  Ex - Bowers & Merena Galleries' "The Cabinet of Lucien M. Lariviere, Part II", March 15-17, 2001, Lot 41, "Breen-6118, Breen 1,3" sold for $6,325.00

Net VF-30.  Ex - Bowers and Merena Galleries' Robert W. Schwan Collection Sale, October 26-27, 2000, Lot 2130, "B-4" at $3,680.00

ANACS Net VF-20, AU Details, Jewelry, Tooled.  Ex - Heritage Numismatic Auctions, Inc.'s, "Summer 2001 Long Beach Signature Sale", May 31-June 2, 2001, Lot 8825, plated, sold for $3,473.00

Sources and/or recommended reading:
"Walter Breen's Complete Encyclopedia of U.S. and Colonial Coins" by Walter Breen

"The PCGS Population Report, April 2004" by The Professional Coin Grading Service

Obverse of 1802 Quarter Eagle       Reverse of 1802 Quarter Eagle

Images courtesy of Superior Galleries
  
The reverse of this coin shows a different positioning of the stars when compared with the coin illustrated above.