Coin Specifications

Category: Early $2.50 (1796-1834)
Mint: Philadelphia
Mintage: 963
Obverse Designer: Robert Scot
Reverse Designer: Robert Scot
Composition: Gold
Fineness: 0.9160
Weight: 4.3700g
AGW: 0.1300oz
Melt Value: $240.43 (1/27/2021)
Diameter: 20mm
Edge: Reeded
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1796 NO STARS $2.5 MS obverse 1796 NO STARS $2.5 MS reverse
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Description & Analysis

While the 1796 With Stars quarter eagle is rarer as a variety, with an estimated mintage of 432 pieces versus 963 coins (both BD-1 and BD-2) for the 1796 No Stars, the With Stars quarter eagle is grouped as a type with the 1797-1807 With Stars issues, making the 1796 With Stars an extremely overlooked issue. But the 1796 No Stars is a nonpareil one-year gold type coin, the first year of issue for what is odds-on the rarest circulating U.S. gold denomination The quarter eagle was of little use in early American commerce, too large for daily transactions and too small for the international commerce that favored the gold half eagle. From 1796 through the end of the Capped Head to Left quarter eagle design in 1834, the Mint produced approximately 64,262 quarter eagles, according to Guide Book figures. During that same time the Mint produced half eagles in the amount of 2,120,543 pieces more or less, or about 33 times the number of half eagles compared to quarter eagles. Some half eagles such as the 1820, with 263,806 pieces coined, had mintages that would represent a healthy emission even for a much-later Liberty Head half eagle--but both the early half eagles and quarter eagles (as well as gold eagles, made only from 1795-1804) were melted on a vast scale in the early 1830s, when there were still perhaps only a few coin collectors in the United States and the melt value of the coins exceeded their face value.

The estimated mintages of the 1796 No Stars and With Stars, 963 and 432 pieces respectively, are just that: estimates, which Walter Breen first propounded based on three delivery warrants. The first warrant, of Sept. 22, 1796, was for just 66 coins, while the second, from Dec. 8, was for 897 coins. The third delivery, made on Jan. 14, 1797, was for 432 coins. Breen lumped the first two deliveries together to come up with a total mintage of 963 No Stars coins--but that is just a guess, one that has been widely adopted, including by the Guide Book of United States Coins.

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: 7/31/2017

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

1796 NO STARS $2.5 MS
  GVGFVFXF505355586061626365
Base $ - - - 77500 98000 125000 142500 165000 225000 265000 370000 485000 750000 2350000
$ - - - - - - - 525000 - -

NGC Price and Value Guides Disclaimer

Disclaimer: The prices listed in the various NGC Price and Value Guides are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. Prices provided are averages, not specific prices for individual coins. Further, because these prices are only updated from time to time, they do not reflect short term pricing trends, which are quite common and are often quite dramatic, given the volatile nature of the collectible coin marketplace. This is especially true for rare coins, where there are fewer sales and greater variations in sale prices. For all of these reasons, the prices in these guides are designed to serve merely as one of many measures and factors that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and — when appropriate — expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Guides. By using the NGC Guides, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the Guides.

Census

 
NGC GRADE SUMMARY

Total Graded: 38
Low Grade: 40
Average Grade: 55
High Grade: 65

The chart showing 40 series, 45 series, 50 series, 53 series, 55 series, 58 series, 60 series, 61 series, 62 series, 63 series, 64 series, 65 series.
NGC CENSUS DETAIL Last Updated: 1/26/2021 1796 NO STARS $2.5 MS
 PrAgGVGFVF4045505355586061626364656667686970Total
Base-----33114152332-1-----38
-----------------------
-----------------------
-----------------------
Total-----33114152332-1-----38
 -----8%8%3%3%11%39%5%8%8%5%-3%----- 

NGC Registry

NGC Registry Score 1796 NO STARS $2.5 MS PL
 PrAgGVGFVF4045505355586061626364656667686970
Base59666519779610376113811330213415135271459315212160391653717692182411975922966305243391537577415244576950328
61506944865610711120211333913452138821479915487162051692217875187472082825485316543513538892429394728852844
000000134521388214799154871620516922178751874720828254853165435135388924293900
000000134891423715005157631637117307180581925321897280043278436356402084435400
1796 NO STARS $2.5 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base57406278752110036110161289313003131121415414759155681605617186177231920922352297643309436691405704474449228
59196692835910362116411292913039134591435515028157301643217365182182025624822308743429337984419614623851689
000000130391345914355150281573016432173651821820256248223087434293379844196100
000000130751380614557152981589316809175441871321304272933198435492392774335200
Registry Image Gallery

No Images Found

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NGC Auction Central Disclaimer

NGC Auction Central Disclaimer

Disclaimer: The auction prices realized listed in the NGC Auction Central are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. The auction data listed by NGC may occasionally contain typographical or input errors that can result in incorrect prices realized appearing on the NGC website. Therefore, the prices realized listed in NGC Auction Central are designed to serve merely as one of many measures and facts that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and – when appropriate – expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Auction Central. By using the NGC Auction Central, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the NGC Auction Central.