1802/'1' $2.50 (Regular Strike)

Series: Draped Bust $2 1/2 1796-1807

PCGS MS64+

PCGS MS64+

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"OVERDATE" DETAIL

"OVERDATE" DETAIL

PCGS MS64

PCGS MS64

PCGS #:
7650
Designer:
Robert Scot
Edge:
Reeded
Diameter:
20.00 millimeters
Weight:
4.37 grams
Mintage:
3,035
Mint:
Philadelphia
Metal:
91.7% Gold, 8.3% Copper
Major Varieties

Current Auctions - PCGS Graded
Current Auctions - NGC Graded
For Sale Now at Collectors Corner - PCGS Graded
For Sale Now at Collectors Corner - NGC Graded

Rarity and Survival Estimates Learn More

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

Condition Census What Is This?

Pos Grade Image Pedigree and History
1 MS64+ PCGS grade

Superior 8/2004:921 (as NGC MS64), $103,500 - Heritage 1/2011:5020, $172,500 - McCoy Family Collection of U.S. Early Gold Quarter Eagles - Heritage 1/2016:5529, $199,750

2 MS64 PCGS grade

Lawrence C. Licht Collection - Stack's 3/2005:2074, $115,000 - Paul Nugget, sold privately in 6/2005 - D. Brent Pogue Collection - Stack’s/Bowers & Sotheby’s 5/2015:1120 $211,500

2 MS64 estimated grade

Freedom Collection - Heritage 1/2007:3386, not sold - Heritage 2/2007:4279, $161,000 - Bowers & Merena 11/2010:4777, $161,000

2 MS64 estimated grade

Heritage 1/2011:5020, $172,500

5 MS63+ estimated grade

Heritage 4/2011:5324, $115,000

6 MS63 PCGS grade
6 MS63 PCGS grade
6 MS63 PCGS grade
6 MS63 PCGS grade
6 MS63 PCGS grade
#1 MS64+ PCGS grade

Superior 8/2004:921 (as NGC MS64), $103,500 - Heritage 1/2011:5020, $172,500 - McCoy Family Collection of U.S. Early Gold Quarter Eagles - Heritage 1/2016:5529, $199,750

#2 MS64 PCGS grade

Lawrence C. Licht Collection - Stack's 3/2005:2074, $115,000 - Paul Nugget, sold privately in 6/2005 - D. Brent Pogue Collection - Stack’s/Bowers & Sotheby’s 5/2015:1120 $211,500

#2 MS64 estimated grade

Freedom Collection - Heritage 1/2007:3386, not sold - Heritage 2/2007:4279, $161,000 - Bowers & Merena 11/2010:4777, $161,000

#2 MS64 estimated grade

Heritage 1/2011:5020, $172,500

#5 MS63+ estimated grade

Heritage 4/2011:5324, $115,000

#6 MS63 PCGS grade
#6 MS63 PCGS grade
#6 MS63 PCGS grade
#6 MS63 PCGS grade
#6 MS63 PCGS grade
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.