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SERIES: Draped Bust $2 1/2 1796-1807
LEVEL: Year, MintMark, & Major Variety

1796 $2.50 No Stars (Regular Strike)

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PCGS MS62+

PCGS MS62

PCGS MS61
PCGS #:
7645
Diameter:
20.00 millimeters
Designer:
Robert Scot
Weight:
4.37 grams
Edge:
Reeded
Mintage:
963
Metal Content:
91.7% Gold, 8.3% Copper
Auction Record:
$1,725,000 • PCGS MS65 • 1-1-2008 • Heritage
Rarity and Survival Estimates (Explain)
Grades Survival
Estimate 
Numismatic
Rarity 
Relative Rarity
By Type 
Relative Rarity
By Series 
All Grades 88 R-8.1 1 / 1 8 / 12
60 or Better 7 R-9.6 1 / 1 5 / 12 TIE
65 or Better 1 R-10.0 1 / 1 1 / 12 TIE
Condition Census (Explain) Show more rows
Pos Grade Thumbnail Pedigree and History
1 MS65 PCGS grade  

Lorin Parmelee Collection - New York Coin and Stamp Co. 6/1890:719 - Col. Robert C.H. Brock Collection - University of Pennsylvania - Philip H. Ward, Jr. Collection - Stack's 5/1964:1660, $7,750 - Lelan Rogers Collection - Stack’s “Numisma '95” 11/1995:1498, $605,000 - American Numismatic Rarities 6/2005:1002, $1,380,000 -  Madison Collection - Heritage 1/2008:3058, $1,725,000

2 MS64 estimated grade  
3 MS62+ PCGS grade

James Swan Collection - American Numismatic Rarities 7/2004:82, $345,000 - Stack's 7/2008:2324, $488,750 - Bob R. Simpson Collection

3 MS62 PCGS grade

Harold P. Newlin, sold privately on 10/31/1884 - T. Harrison Garrett Collection - Robert Garrett Collection - John Works Garrett Collection - Johns Hopkins University Collection - Bowers & Ruddy 3/1980:732, $125,000 - Ed Hipps, sold privately - John Walter Whitney Collection - Stack's 5/1999:1787, $299,000 - D. Brent Pogue Collection - Stack’s/Bowers & Sotheby’s 5/2015:1116, $822,500

3 MS62 PCGS grade  
Condition Census (Explain) Show fewer rows
Pos Grade Thumbnail Pedigree and History
1 MS65 PCGS grade  

Lorin Parmelee Collection - New York Coin and Stamp Co. 6/1890:719 - Col. Robert C.H. Brock Collection - University of Pennsylvania - Philip H. Ward, Jr. Collection - Stack's 5/1964:1660, $7,750 - Lelan Rogers Collection - Stack’s “Numisma '95” 11/1995:1498, $605,000 - American Numismatic Rarities 6/2005:1002, $1,380,000 -  Madison Collection - Heritage 1/2008:3058, $1,725,000

2 MS64 estimated grade  
3 MS62+ PCGS grade

James Swan Collection - American Numismatic Rarities 7/2004:82, $345,000 - Stack's 7/2008:2324, $488,750 - Bob R. Simpson Collection

3 MS62 PCGS grade

Harold P. Newlin, sold privately on 10/31/1884 - T. Harrison Garrett Collection - Robert Garrett Collection - John Works Garrett Collection - Johns Hopkins University Collection - Bowers & Ruddy 3/1980:732, $125,000 - Ed Hipps, sold privately - John Walter Whitney Collection - Stack's 5/1999:1787, $299,000 - D. Brent Pogue Collection - Stack’s/Bowers & Sotheby’s 5/2015:1116, $822,500

3 MS62 PCGS grade  
3 MS62 estimated grade  

Heritage 1/2004:3004 (as NGC MS62 695929-001), $138,000 - Offered by MikeByers.com at the 2/2012 Long Beach show for $750,000 - Heritage 8/2012:5281, $252,625

3 MS62 estimated grade  

Superior 3/2000:712, $178,250 - Freedom Collection - Heritage 1/2007:3380, $287,500

3 MS62 estimated grade  

National Numismatic Collection at the Smithsonian Institution

9 MS61 PCGS grade

High Desert Collection (PCGS Set Registry)

9 MS61 PCGS grade

Alpine Zephyr Collection - Heritage 8/2006:5417, $322,000 - Werner Family Collection - Stack's/Bowers 8/2012:11174, $402,500

David Akers (1975/88): This is a distinct and highly desireable type coin since all subsequent quarter eagles have stars on the obverse. The reverse has 16 stars above the eagle. Most specimens that I have seen are weakly struck on the hair curls around the face, and some specimens also show various degrees of deterioration in the die at the E of LIBERTY. The majority of known pieces are proof-like or at least partially so. A small number of relatively choice uncirculated examples exist, and claims that only 15 to 20 pieces are known seem to me to be exaggerated. A closer estimate of the number extant would probably be between 30 and 40.