Draped Bust $2.5 Quarter Eagle (1796–1807): A Rare and Coveted Treasure

The Draped Bust $2.5 Quarter Eagle, minted between 1796 and 1807, stands as one of the most esteemed gold coin series in U.S. history. Introduced alongside the Half Eagle and Eagle through the Mint Act of 1792, this denomination was crafted to showcase the young nation's wealth and artistry. ... Read More

Draped Bust $2.5 Quarter Eagle (1796–1807): A Rare and Coveted Treasure

The Draped Bust $2.5 Quarter Eagle, minted between 1796 and 1807, stands as one of the most esteemed gold coin series in U.S. history. Introduced alongside the Half Eagle and Eagle through the Mint Act of 1792, this denomination was crafted to showcase the young nation's wealth and artistry. With limited mintages and significant melting in the 1830s, these coins are among the rarest and most valuable collectibles today.

Key Specifications

• Designer: Robert Scot
• Issue Dates: 1796–1807
• Composition: 91.67% gold, 8.33% copper
• Diameter: 20 mm
• Weight: 4.37 grams (67.43 grains)
• Edge: Reeded

Historical Overview

The Quarter Eagle debuted in 1796, following the release of the Half Eagle and Eagle coins a year earlier. Its production began with a unique design lacking stars on the obverse. This "No Stars" variety, with a mintage of just 963 coins, is a centerpiece for type collectors, commanding high premiums due to its extreme rarity. Later in 1796, stars were added to the obverse, creating the "With Stars" design, which continued until 1807. Despite slightly higher mintages for the later designs, these coins remain rare and highly sought after.

Two Distinct Varieties

Type 1: No Stars (1796)

• Mintage: Estimated 963 pieces
• Design Highlights:
  • Obverse: Miss Liberty facing right with flowing hair under a cloth cap. The design excludes stars, with LIBERTY inscribed above and the date below.
  • Reverse: A heraldic eagle holding an olive branch and arrows, inspired by the Great Seal of the United States.
• Rarity: Fewer than 40 examples are believed to survive, with most in grades from Very Fine to Extremely Fine. Uncirculated specimens are exceedingly rare.
• Collector Appeal: A cornerstone for U.S. type sets, this variety often commands six-figure prices even in modest grades.

Type 2: With Stars (1796–1807)

• Mintage: 18,524 pieces
• Design Highlights:
  • Obverse: Miss Liberty's portrait now accompanied by stars, with arrangements varying by year.
    • 1796: 16 stars (8 left, 8 right).
    • 1797–1807: Stars reduced to 13, arranged differently across years.
  • Reverse: Same heraldic eagle design as the No Stars variety.
• Rarity: All issues in this type are rare, with most surviving coins grading from Very Fine to Extremely Fine.
• Collector Appeal: While more accessible than the No Stars variety, these coins remain valuable, often reaching five-figure prices.

Why Collect Draped Bust $2.5 Quarter Eagles?

• Rarity and Prestige: Among the scarcest U.S. coins, their historical significance and low survival rates make them highly coveted.
• Historical Context: These coins represent the formative years of the U.S. Mint and the nation's early economic ambitions.
• Type Set Centerpiece: With two distinct varieties, the Draped Bust Quarter Eagle is a must-have for serious numismatists.
• Investment Potential: Their rarity and timeless appeal ensure strong demand and value retention.

Explore Draped Bust $2.5 Coins at ParadimeCoins.com

At ParadimeCoins.com, we proudly offer a curated selection of Draped Bust Quarter Eagles, from the iconic No Stars variety to the With Stars design. Each coin embodies the artistry and history of America's early coinage. Whether you're building a type set or seeking a standout investment, trust ParadimeCoins.com for exceptional quality and service. Discover these timeless treasures today!