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QUARTER DOLLAR 1796 Draped Bust, Small Eagle

Description

The year 1796 was the first year the Quarter was minted. To find one in any condition is truly momentous, but be careful when examining the highest grade in this coin. While some catalogs offer this coin as a Proof, there is no evidence Proof coins were ever stuck. There are several dozen prooflike coins in existence.

The obverse features Miss Liberty facing right, with flowing hair and a ribbon behind her head, with drapery covering a plunging neckline. LIBERTY is above and the date 1796 is below. Eight stars are to the left and seven to the right. Around the border are prominent denticles. The reverse has an open wreath tied with a bow at the bottom, enclosing a small eagle perched on a cloud. UNITED STATES OF AMERI- CA surrounds. There is no indication of value or denomination.

Examples of 1796 quarters are found in all grades, with those from About Good to Fine being most often seen. Probably several hundred survive. Very Fine coins are scarce, Extremely Fine pieces are scarcer yet, and AU or better examples are seldom met with.

Valuation

In examining the head of the eagle on the reverse, don't be discouraged if it is less than distinctive. It is a common quality in all grades and reflects a weakness in overall production.
COIN NAME
QUARTER DOLLAR 1796 Draped Bust, Small Eagle
DESIGNED BY
Robert Scot
ISSUE DATE
1796
COMPOSITION
0.8924 part silver, 0.1076 part copper
DIAMETER
27.5 mm
WEIGHT
104 grains
EDGE
Reeded
BUS MINT
6,146
PROOF MINT
None

The statements made on this website are opinions only. Past results are no guarantee of future performance or returns. Precious metals, like all investments, carry risk. Precious metals and coins may appreciate, depreciate, or stay the same depending on a variety of factors. Lear Capital, Inc. cannot guarantee, and makes no representation, that any metals purchased will appreciate at all or appreciate sufficiently to make customers a profit. Lear is a retail seller of precious metals and its buyback (or bid) prices are lower than its sell (or ask) prices. Metals must appreciate enough to account for this difference in order for customer to make a profit when liquidating the metals. Lear does not provide financial advice or retirement planning services. The decision to purchase or sell precious metals, and which precious metals to purchase or sell, are the customer’s decision alone, and purchases and sales should be made subject to the customer’s own research, prudence and judgment.