1802/'1' $2.50 MS63

CERTIFICATION#: -35082
PCGS#: 7650

Owner's Comments

Estimated grade. Ex. Baldwin & Son (1954) Sold by David Akers Numismatics May '98 Price realized $66000

Expert Comments

Ron Guth: It's time to revisit this date in light of modern research and opinions.  As David Akers noted, the "overdate" on the 1802 Quarter Eagle is indistinct.  Harry Bass questioned whether this was an overdate at all, and John Dannreuther (co-author with Bass on "Early U.S. Gold Coin Varieties: A Study of Die States 1795-1834") called it a regular 1802.  PCGS recognizes the variety as 1802/'1' with single quotation marks around the 1, indicating its questionable status.  I suspect that in the future, this nod to tradition will be removed, consistent with Dannreuther's treatment.

This date is scarce, plain and simple.  However, ample supplies exist in most grades to satisfy collector demand, which comes primarily from type buyers.  In Mint State, this date is very rare, though the PCGS CoinFacts Condition Census consists of all MS63 or better examples.  Two NGC MS65 examples appear to be the best exmples of this date.

Most 1802 Quarter Eagles show central weakness at the centers and on the reverse stars.  Adjustment marks can be seen on the occasional example, but they appear to be the exception rather than the rule.

David Akers (1975/88): One of the most common dates of this type. Although "2 Over 1" overdates in most series are generally very distinct, such is not the case with this quarter eagle, and on many specimens that I have seen, one must use a little imagination to see the overdate. For the third consecutive issue, the 13 obverse stars are arranged differently; namely 8 stars to the left and 5 to the right. Choice examples do exist, but they are very rare, and as auction records indicate, the vast majority of available specimens are EF or less. Typical of this type, most 1802/1 quarter eagles are weakly struck.

Diameter: 20.00 millimeters Designer: Robert Scot Edge: Reeded
Mintage: 3,035 Weight: 4.37 grams Metal Content: 91.7% Gold, 8.3% Copper
3
3,750
1
4
4,750
6
5,100
8
5,500
10
6,000
12
6,750
15
7,500
25
9,250
1
30
10,000
2
35
11,500
6
40
15,000
4
45+
18,000
50+
21,000
53+
23,000
55+
27,000
58+
32,000
62+
60,000
63+
94,000

Rarity and Survival Estimates

Grades Survival Estimate Numismatic Rarity Relative Rarity by Type Relative Rarity by Series
All Grades 162 R-7.3 10 / 11 11 / 12
60 or Better 22 R-9.0 8 / 11 9 / 12
65 or Better 0 R-10.1 1 / 11 1 / 12

Condition Census

Pos Grade Thumbnail Pedigree and History
1 MS64 estimated grade  

Heritage 2/2007:4279, $161,000 - Bowers & Merena 11/2010:4777, $161,000

1 MS64 estimated grade  

Heritage 1/2011:5020, $172,500

3 MS63+ estimated grade  

Heritage 4/28/2011:5324, $115000

4 MS63 PCGS grade  
4 MS63 PCGS grade