Draped Bust Quarter 1807 ( NGC MS-64 ) - December 2020 Auction Sold $ 60,000

Описание: RARE SILVER COINS    • THAILAND SILVER 2 BAHT 1863 - Rama IV ( PC...  
6.7400 g., 0.8920 Silver, 0.1933 oz. ASW, 27.5 mm. • Obv. Legend
LIBERTY Rev. Legend: UNITED STATES OF AMERICA Designer: Robert Scot
1807 - 220,643

Now a mainstay denomination familiar to all, this was not the case for the quarter dollar in the beginning. The denomination was first struck four years after it was authorized by the Mint Act of 1792 and, due to lack of demand from bullion depositors, was not struck again until 1804. Robert Scot's Draped Bust, Heraldic Eagle design was utilized beginning in that year and the mintage barely exceeded that of 1796. Starting in 1805, however, production consistently exceeded 100,000 pieces per year. In 1807 a mintage of 220,643 quarters was achieved, the highest yearly output for the denomination up to that point in time.
However, the quarter dollar remained unpopular with contemporary bullion depositors. The 1807 is not only the final issue of the Draped Bust design type, but also the final year of quarter dollar production until the denomination returned in 1815. Over this interval, half dollars became the largest coin of the realm as silver dollar coinage had been suspended three years earlier. Despite Jefferson's insistence that the Mint make small silver coins for common people, at this point the decision of what kind of coins were to be struck was up to the persons depositing the bullion, not the Mint. Given that most depositors were banks or corporate entities, coins of larger value were preferred. Although the mintage for quarters surpassed 200,000 coins per year in both 1806 and 1807, there would not be two consecutive years with mintages surpassing even 150,000 quarters again until the 1830s.
Numismatists have identified two die varieties of the 1807-dated quarter issue. In lower grades, neither variety is a rarity. In the finer Mint State grades, as here, each is an object of great desire. This date is often chosen by type collectors, but even those who pursue exclusively Mint State coins often must settle for lower grades, or coins certified at high grades but exhibiting poor aesthetic appeal. The present example has it all -- superior striking quality, condition rarity, outstanding eye appeal -- and it is sure to please.

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