Coin Specifications

Category: Early $2.50 (1796-1834)
Mint: Philadelphia
Mintage: 3,035
Catalog: KM-27
Obverse Designer: Robert Scot
Reverse Designer: Robert Scot
Composition: Gold
Fineness: 0.9160
Weight: 4.3700g
AGW: 0.1287oz
Melt Value: $147.39 (10/8/2015)
Diameter: 20mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
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1802 $2.5 MS obverse 1802 $2.5 MS reverse

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Description & Analysis

There exist three known die combinations for the quarter eagles of 1802, and all share a common obverse die that is routinely called an overdate. However, its status as an overdated die is highly questionable. As John Dannreuther notes in Early U.S. Gold Coin Varieties: 'The fact that there were no quarter eagles dated 1799, 1800, or 1801 should lend credence to the overdate status of the 1802, but most researchers have come to the conclusion that whatever is under the 2 is not the vestiges of a 1.' Dannreuther continues: 'Some have suggested the calling of this quarter eagle an overdate is due to the obvious 1802/1 half eagle--an analogy easily seen. A defective 2 punch or break is now considered the likely culprit for the '1' below the 2 in the date.'

Although all quarter eagles from 1796 (With Stars) through 1807 are considered a single design type, Draped Bust With Stars, with the Heraldic Eagle reverse, there are actually six different subtypes, highly unusual with only 13 known die marriages for this series. The subtypes include: the 1804 14 Stars reverse, 1796 with eight obverse stars on each side, 1797 with obverse stars arranged seven by six and with 16 reverse stars, 1798 with obverse stars arranged six by seven, 1802, 1804, and 1806/4, all with obverse stars arranged eight by five, and 1805, 1806/5, and 1807, all with seven by six obverse stars.

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


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Price Guide

Last Updated: 5/29/2015

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

1802 $2.5 MS
Base $ 2750 3600 6150 8750 16350 21250 22500 26000 29000 41500 57000 90000 185000 350000 - - - - -
$ - - - - - - - - 275000 - - - -

The World Coin Price Guide is independently compiled by Krause Publications’ NumisMaster. NGC makes this information available to its website visitors as a free service, but in no way does the information provided represent NGC’s official opinion or policy. For example, varieties listed in the World Coin Price Guide may not necessarily be recognized by NGC. Please contact NGC Customer Service with any questions.

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Total Graded: 73
Low Grade: VF
Average Grade: 58
High Grade: 65

Upcoming Auctions

Auction Prices Realized

A random selection of coins is shown below.

Auction House
Sale / Lot
5/31/2004 NGC MS 63   Goldberg May 31 - June 2, 2004 Pre-Long Beach Coin and Currency Auction, 25/Lot# 2397 $50,600.00
7/30/2008 NGC MS 63   Heritage Auctions 2008 July-August Baltimore, MD (ANA) US Coin Signature Auction #1114, 1114/Lot# 1458 $60,375.00
1/6/2011 NGC AU 58   David Lawrence Rare Coins Thursday - Internet Auction # 547, 554/Lot# 5059 $21,562.50
5/29/2011 NGC MS 62   Bonhams Coins and Banknotes, 19158/Lot# 1177 $31,590.00
3/20/2014 NGC AU 50   Heritage Auctions 2014 March 20 The Collection of Donald E. Bently - Bently Foundation US Coins Signature Auction - San Francisco Session(1), 1205/Lot# 30205 $16,450.00
4/6/2014 PCGS Genuine AU   GreatCollections GreatCollections Coin Auctions 04/06/2014, 175/Lot# 184558 $7,852.77
8/6/2014 PCGS XF 45   Stack's Bowers August 2014 Chicago ANA, 6014/Lot# 13177 $15,275.00

NGC Registry

NGC Registry Score 1802 $2.5 MS
1802 $2.5 MS Prooflike
Registry Image Gallery
Grade: MS 62
Points: 9223
Owner: American Independence Collection
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