The 1806 Draped Bust quarter is a rare gem in the world of numismatics, valued at an astonishing $58,750. Its incredible worth lies in its scarcity, unique variety, and pristine condition, making it one of the most coveted pieces among coin collectors.
Let’s explore what sets this coin apart and why it remains a priceless artifact of early American history.
The Rarity and the B-3 Variety
Minted in 1806 with a modest production run of 206,124 pieces, the Draped Bust quarter was already a rare coin. However, what distinguishes this particular coin is its B-3 variety, marked by a subtle but significant flaw:
- The Missing Serif: The lower-left serif on the number 1 in the date is absent, making this variety highly sought-after.
- The 12 Arrowheads: The reverse side of the coin features 12 arrowheads, further confirming its rarity.
Why the B-3 Variety Matters
Coin specialists, such as Steve Tompkins, who meticulously catalog early American coins, rank this B-3 variety as one of the finest examples of its kind. In fact:
- Only one other coin has received a higher grade from the Numismatic Guaranty Corporation (NGC).
- This specific quarter holds a prestigious MS65 grade, meaning it is in near-perfect condition despite being over 200 years old.
The Story Behind the Coin’s Creation
The 1806 B-3 variety has a complicated and fascinating history. Both the obverse (front) and reverse (back) dies used to mint this coin were reused for other varieties:
- The obverse die also struck B-2 variety quarters.
- The reverse die was previously used for the B-4 variety.
After producing the B-4 coins, the dies were repaired and paired again to create more B-3 quarters—an event numismatists call a “remarriage” of the dies.
Documenting these remarriages requires expert analysis, as collectors must identify tiny variations in strike patterns and production details. Coins like this B-3 quarter showcase the intricate craftsmanship of early American minting.
Why Condition Matters: The Coin’s Immaculate State
The condition of a coin significantly influences its value, and this 1806 Draped Bust quarter stands out for its remarkable preservation:
- Surface Quality: The coin features frosty, lustrous surfaces with only minor imperfections, including a small impurity on the obverse rim.
- Toning Appeal: Faint champagne toning adds a subtle and desirable aesthetic quality.
- Strike Quality: While there is slight weakness in the strike on the lower obverse and upper reverse, these details do not detract from the coin’s overall allure.
Auction History: A Coin with Prestige
This exceptional quarter has passed through some of the most renowned collections and auctions in history, including:
- 1997: The ANA Signature Auction
- 2005: The Richard Jewell Collection
- 2009: The FUN Signature Auction
Each sale has added to the coin’s reputation, drawing admiration from collectors and increasing its value over time.
Composition and Specifications
The 1806 Draped Bust quarter weighs 6.74 grams and contains:
- 89.24% silver
- 10.76% copper
This composition was standard for the early 19th century, reflecting the coin’s importance as both a currency piece and a historical artifact.
Conclusion: A Numismatic Masterpiece
The 1806 Draped Bust quarter (B-3 variety) is more than just a rare coin—it is a testament to America’s early minting history, craftsmanship, and the passion of dedicated collectors. Its rarity, unique die flaw, and pristine condition elevate it to the pinnacle of coin collecting.
With an estimated value of $58,750, this quarter is a true treasure, blending history, artistry, and numismatic prestige into a single remarkable piece.
If you ever have the opportunity to see or acquire one of these quarters, you’ll be holding a piece of early American history in your hands.
My Name is Chris Mueller , I Work as a Content Writer for Sugyan and I like Writing Articles
