The 1796 With Stars Gold Quarter Eagle is a significant piece of American numismatic history. Minted in the early days of the United States, this coin represents a unique blend of artistry and value. While many coins are produced every year, this specific quarter eagle is rare and highly sought after by collectors. In this article, we’ll explore its history, rarity, value, and the features that make it special.
The Birth of the Quarter Eagle
The quarter eagle, valued at $2.50, was first minted in 1796. Initially, 932 coins were produced with a design known as the No Stars obverse. However, in early 1797, about 432 additional coins were made, which featured the With Stars design. This design included 16 stars, symbolizing the states in the Union at that time.
| Year | Type | Quantity Minted | Design |
|---|---|---|---|
| 1796 | No Stars | 932 | No Stars |
| 1796 | With Stars | 432 | 16 Stars |
Rarity of the 1796 With Stars
The 1796 With Stars is significantly rarer than its No Stars counterpart. It’s estimated that only about 40 of these coins exist today. This makes it highly valuable to collectors. In fact, some believe it’s at least twice as rare as the No Stars version. While the No Stars has a distinct one-year design status, the With Stars is less known but equally important.
Notable Sales and Values
High-grade examples of the 1796 With Stars have fetched impressive prices at auctions. For instance, the finest known specimen, graded MS65 by PCGS, was sold for over $1 million. Another notable coin from the Whitney collection, graded MS63, was sold for $324,000 in 2017. These prices highlight the immense interest and investment value in these coins.
| Coin | Grade | Sale Price | Auction Year |
|---|---|---|---|
| Byron Reed Coin | MS65 | $1,006,250 | 2008 FUN Auction |
| Whitney Collection Coin | MS63 | $324,000 | 2017 Stacks Bowers |
| Earle-Judd-Hayes Coin | MS62 | $440,625 | 2015 Pogue Sale |
Unique Features of the 1796 With Stars
One interesting aspect of the 1796 With Stars quarter eagle is its detailed design. The coin has reflective surfaces on both sides, giving it a unique appearance. It’s not just another coin; it has specific features that set it apart:
- 16 Stars: Unlike other quarter eagles from 1797 to 1807 that show 13 stars, this coin has 16.
- Die Scratches: There are heavy die scratches above “TAT” in “STATES,” a distinctive mark found only on this reverse die.
The Quest for Quality
Finding high-quality examples of the 1796 With Stars can be challenging due to its rarity. Collectors often analyze various options before making a purchase. In one case, a collector and a dealer discussed multiple potential coins, weighing their conditions and prices. Ultimately, they decided on a coin that had great detail and reflective surfaces, making it an exciting addition to their collection.
Conclusion
The 1796 With Stars Gold Quarter Eagle stands out as a remarkable piece of American history and numismatics. Its rarity, distinctive design, and historical significance make it a coveted item for collectors and enthusiasts alike. Owning a coin like this is not just about the monetary value; it’s about holding a piece of history. As the demand for rare coins continues to grow, the legacy of the 1796 With Stars will undoubtedly remain a shining example in the world of numismatics.