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1796 $2.50 Draped Bust Quarter Eagle, No Stars, PCGS VF Details "Historic U.S. Gold Coin"

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SKU
41666161

The 1796 Quarter Eagle with No Stars is among the most historic and important U.S. gold coins. Simple as that. This issue has a mintage of 963. Its pedigree is unknown, but since so few were made and so few people lived in and around Philadelphia at the time, it is quite possible that this piece was owned and used in everyday commerce by the likes of Alexander Hamilton, George Washington, and Thomas Jefferson, among other early American luminaries. How many exist today? Estimates vary. PCGS says 100-125. Heritage estimates 80-100. David Akers guesstimates 30-40. PCGS has graded and authenticated 74 original specimens. Perhaps some are resubmissions. What we do know is that the example offered by AUCM, 1796 $2.50 Draped Bust, No Stars, PCGS VF Details, is indeed a great rarity, one that will find a place in the home of an important numismatist with exceptional taste.

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It is with great pride that we at AUCM offer to the numismatic community a 1796 $2.50 Draped Bust, No Stars, PCGS VF Details. This piece has a delightful golden-yellow hue, and features attractive design elements. The design reminds one of folk art, especially the heraldic eagle on the reverse. This is a truly classic American specimen, one that is found only in the most important numismatic collections.

Esteemed numismatic art critic Cornelius Vermeule writes of this historic obverse design: "The industrious Robert Scot ... created the bust of Liberty that dominated the gold coinage .... His source could well have been an idealized, somewhat backward portrait of Martha Washington arrayed for an evening reception .... The Liberty cap is a great tumultuous affair of soft felt that somehow manages to tower amid a large, curled forelock and long, wavy tresses .... The face is flat, blunt, and thoroughly bourgeois. The draped bust is a truncated curiosity. Greco-Roman classicism has been misunderstood here .... The entire presentation makes little sense as an immediate visual experience. Scot surely did not originate this form of classicism in the federalist period; no doubt he adapted the design from some cast after the antique or some contemporary marble by a sculptor of modest talents." Vermeule continues his analysis of this coin, pointing to criticism of Scot's work: "Criticism comes easy, however, and it must not be overlooked that Robert Scot's first gold coinage has a positive character of its own, a healthy individuality and almost rustic charm that conveys the message of a young nation seeking its identity as well as any monumental manifestation of the early arts in America."

More Information
PCGS # 7645
Grading Service NONE
Year of Issue NONE
Grade NONE
Denom Type N/A
Numeric Denomination $2.50
Mint Location NONE
Designation NONE
Circ/UnCirc Not Specified
Strike Type N/A
Holder Variety No Stars
Grade Add On NONE
Holder Type N/A

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