Coin Specifications

Category: Early $2.50 (1796-1834)
Mint: Philadelphia
Mintage: 427
Catalog: KM-27
Obverse Designer: Robert Scot
Reverse Designer: Robert Scot
Composition: Gold
Fineness: 0.9160
Weight: 4.3700g
AGW: 0.1287oz
Melt Value: $166.72 (4/18/2014)
Diameter: 20mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
Link to this coin

1797 $2.5 MS obverse 1797 $2.5 MS reverse


Images courtesy of Heritage Auctions (HA.com)
  
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VarietyPlus®

There are no varieties for this coin.

Description & Analysis

This and the 1796 With Stars variety are the two rarest dates among all early quarter eagles. Approximately the same quantities of each were struck and they remain about equally rare. Rated R.7 by Walter Breen who suggested that nine examples were known when his New Varieties monograph was published. By the time of publication of his Complete Encyclopedia, Breen had raised his estimate to 20 coins. The actual population is likely in the range of 40 to 50 coins. This equates very closely to 10% of the total struck from February 28, 1797 to June 29, 1797. Aside from five assay pieces recorded for December 30, the June 29 delivery was the last of quarter eagles for the calendar year. Delivery Warrants 82, 83, and 93 accounted for 427 coins struck.

Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.


GRADE SUMMARY

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Price Guide

Last Updated: 8/13/2013

Click on a price to see historical prices, comparison charts and trends.

1797 $2.5 MS
  GVGFVF4045505355586061626364656667686970
Base $ - 10000 16000 24000 39000 39000 72500 93500 113000 123500 155000 175000 189000 250000 525000 900000 - - - - -
$ 48500 82500 106000 125000 140000 170000 190000 205000 275000 575000 1000000 - - -
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Census

 
NGC GRADE SUMMARY

Total Graded: 14
Low Grade: VF
Average Grade: 53
High Grade: 64


Upcoming Auctions


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
1/6/1993 PCGS AU 53   Heritage Auctions FUN Bullet Sale #99, 99/Lot# 805 $23,100.00
8/19/1995 PCGS AU 53   Heritage Auctions 1995 ANA Sale #139, 139/Lot# 7606 $15,400.00
8/6/2001 NGC MS 60   Heritage Auctions 2001 Atlanta, GA Signature Sale #267, 267/Lot# 7583 $59,800.00
7/30/2008 NGC AU 55   Heritage Auctions 2008 July-August Baltimore, MD (ANA) US Coin Signature Auction #1114, 1114/Lot# 1453 $103,500.00
1/1/2013 NGC XF 40   Stack's Bowers The January 2013 Americana Sale, 180/Lot# 13285 $9,517.50


NGC Registry

NGC Registry Score 1797 $2.5 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base4103452449765836669484839337100551134112048129601349514098144501609520159236882650629565328783645840319
424346745262612272908767957610483115761235213138136961421514998174492133524627275253066934071377450
00000095761048311576123521313813696142151499817449213352462727525306693407100
00000098151091211812126561331613897143321554618804225112556628545317733526400
1797 $2.5 MS Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base4279471351796064694687849660103961171412437133711391814535148961657820729243292720330320336953734041269
442348685474635875589076990510835119551274813553141231465515456179612192925287282423144534910386490
00000099051083511955127481355314123146551545617961219292528728242314453491000
000000101501127412196130591373514329147751601719345231292624529281325703612500
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