Q. David Bowers (edited and updated by Mike Sherman): Quarter dollars minted from 1804 through 1807 continue the Draped Bust obverse first used in 1796, though the star count was reduced from 15 stars to 13, with seven at the left and six to the right. The reverse is an adaptation of the Great Seal of the United States and features an eagle with a shield on its breast, E PLURIBUS UNUM on a scroll or ribbon in its beak, and its talons grasping a bundle of arrows and a branch. Above the eagle is an arc of clouds with stars below. UNITED STATES OF AMERICA and 25C. surrounds.
Examples of the 1804-1807 years are readily located in grades from About Good through Very Fine. Extremely Fine and AU pieces are elusive, and Uncirculated pieces are rare. As a date, the 1804 is quite rare, the 1805-07s are “common” for the type. Virtually without exception, issues of this design are lightly struck in one or more areas, with the obverse and reverse rims, the stars on the obverse, and the stars above the eagle on the reverse being typical areas of light impression. The same situation is shared with the half dimes, dimes and half dollars of this type.
-- Reprinted with permission from "United States Coins by Design Types - An Action Guide for the Collector and Investor" by Q. David Bowers