A rare 1806 Draped Bust quarter has stunned collectors by reaching a value of $58,750 at auction. But what makes this coin so valuable? It all comes down to a tiny error and its impressive condition. This article will explore why this specific quarter is so highly sought after and what sets it apart from others.
The Rare “Missing Serif” Error
This 1806 Draped Bust quarter is not just any old coin. It is part of the B-3 variety, a classification given due to a small but significant flaw. The lower-left serif, a small line at the bottom of the number “1” in the coin’s date, is missing. Heritage Auctions, which handled this sale, notes that this error makes the coin unique.
The reverse side of the coin features 12 arrowheads, another notable feature. Only one other B-3 quarter has been graded higher, making this coin one of the finest examples in existence.
A Look at the Condition
The 1806 quarter is in exceptional condition, graded as MS65 by the Numismatic Guaranty Corporation (NGC). MS65 means it’s near-perfect, even though it’s over 200 years old! The coin has a frosty, lustrous surface with a small impurity on the obverse rim, which does not detract from its value. In fact, its subtle champagne toning adds to its visual charm.
The History Behind the B-3 Variety
The B-3 variety came about due to a unique sequence of events. The dies used to mint this quarter were also used to create other varieties like the B-2 and B-4. After the B-4 coins were struck, the dies were paired again to create the B-3 variety quarters. This process, called a “remarriage” of the dies, makes this quarter even more special.
Why Condition Matters
The value of rare coins like the 1806 Draped Bust quarter heavily depends on their condition. The better preserved the coin, the more collectors are willing to pay for it. This quarter, with its lustrous surface and rare error, is considered one of the best-preserved examples, which is why it’s expected to sell for such a high price.
Notable Auction History
This quarter has a rich history, having passed through several prestigious auctions. Some of its most notable sales include:
- The ANA Signature Auction in 1997
- The Richard Jewell Collection in 2005
- The FUN Signature Auction in 2009
Each sale has increased the coin’s recognition among collectors, further adding to its value.
| Coin | Year | Weight | Composition | Notable Features |
|---|---|---|---|---|
| Draped Bust Quarter | 1806 | 6.74 grams | 89.24% silver, 10.76% copper | Missing serif, B-3 variety |
Conclusion
This 1806 Draped Bust quarter represents an exciting piece of numismatic history. With its rare error, incredible condition, and fascinating auction history, it’s no wonder it could fetch an impressive $58,750. Coins like these are treasures for collectors, offering not only monetary value but also a glimpse into the past.
FAQ’s
What is the B-3 variety of the 1806 Draped Bust quarter?
The B-3 variety is a specific type of 1806 Draped Bust quarter identified by the missing lower-left serif on the number “1” in the coin’s date.
Why is this coin expected to sell for $58,750?
This coin is valuable due to its rare error, excellent condition (graded MS65), and unique history.
How does a coin’s condition affect its value?
A coin in better condition is more valuable to collectors. This particular quarter has a frosty, lustrous surface and minor imperfections, making it highly desirable.