Estimated grade. Sold by B. Max Mehl Jun '41 price realized $13
The following is reprinted with permission from “The Early Quarter Dollars of the United States 1796-1838” by A.W. Browning, completely updated by Walter Breen, copyright 1992 by Bowers and Merena Galleries, Inc.:
The second year of coinage. Total number of pieces coined 6,738.
The obverse is of the type of 1796, but the number of stars is reduced to thirteen, seven at left and six at right of the bust.
The reverse shows an entire change; an eagle with raised wings, bearing the United States shield upon its breast. From its beak floats a scroll inscribed E PLURIBUS UNUM. In the right talon it grasps a bundle of thirteen arrows, and in the left an olive branch. Legend: UNITED STATES OF AMERICA. Above the eagle are clouds and thirteen stars, and below, the value, 25 C.
Two varieties are known.
Dies by Robert Scot; obverse after Gilbert Stuart as preceding, reverse after the Great Seal of the United States, but with arrows and olive branch transposed (as on all other silver and gold denominations through 1807), in error or militaristic braggadocio.
Stack's 7/2008:1458, $253,000
Bareford Collection, sold privately - D. Brent Pogue Collection
Colonel E.H.R Green Collection - Stack's, sold privately in 1945 - Jerome Kern Collection - B. Max Mehl 5/1950:1385 - Eugene H. Gardner Collection - Stack's 2/1965:1620 - H. Philip Speir estate - Stack's 3/1974:2, $16,500 - Superior 8/1975:352 - American Numismatic Rarities 8/2006:405, $184,000 - Heritage 4/2008:2274, $310,500 - Joseph C. Thomas Collection - Heritage 1/2011:5507, $345,000
Heritage 5/2005:6841, $92,000 - Stack's/Bowers 8/2011:7303, $184,000
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