Rare 1796 Quarter: In an extraordinary discovery, a rare 1796 quarter emerged from an antique coin chest, capturing the attention of collectors worldwide. This coin, with its historical significance and rarity, recently sold for a staggering $6.813 million, setting a new benchmark in the numismatic world.
1796 Quarter: A Numismatic Gem
The 1796 quarter is a monumental piece of numismatic history, representing the early years of American coinage. Minted in the same year as the first U.S. quarters, these coins are highly sought after due to their limited mintage. Only 6,146 pieces were produced, making surviving specimens incredibly rare. The coin’s design, featuring the Draped Bust obverse and a small eagle reverse, adds to its allure, capturing the artistry of the era.
- Minted in 1796
- Only 6,146 minted
- Draped Bust design
- Small Eagle reverse
- Iconic among collectors
- High historical value
- Symbol of early U.S. minting
Discovery of the Antique Coin Chest
The discovery of this rare 1796 quarter was nothing short of a treasure hunt tale. Unearthed from an antique coin chest, the coin was found alongside a trove of other historical coins, each with its own story to tell. The chest belonged to a long-forgotten collector, whose passion for rare coins was evident in the assortment of pieces found. This treasure trove provided a glimpse into the past, revealing the collector’s meticulous eye for numismatic gems.
- Found in antique coin chest
- Part of a larger collection
- Belonged to a forgotten collector
- Included various historical coins
- Unveiled stories of the past
- A testament to numismatic passion
- Rediscovered after decades
Record-Breaking Sale: $6.813 Million
The sale of the 1796 quarter for $6.813 million was a historic event in the numismatic community. Collectors and enthusiasts gathered to witness the auction, where the coin’s rarity and condition sparked intense bidding. The final price shattered previous records for similar coins, underscoring the high demand and appreciation for such rare pieces. This sale not only highlighted the coin’s monetary value but also its cultural and historical significance.
| Year | Sale Price |
|---|---|
| 1796 | Original minting |
| 2023 | $6.813 million |
| Historical context | Priceless |
| Collector interest | High |
| Numismatic value | Immense |
| Market impact | Significant |
| Record-breaking | Yes |
| Global attention | Wide-reaching |
Why the 1796 Quarter is So Valuable
Several factors contribute to the 1796 quarter’s immense value. First, its age and limited mintage make it a rare find. The historical context of its production during the early years of the U.S. Mint adds to its significance. Additionally, the coin’s condition plays a crucial role; coins in pristine condition fetch higher prices. The allure of owning a piece of early American history also fuels demand, driving up the coin’s market value.
| Factor | Impact |
|---|---|
| Age | High value |
| Mintage | Rare |
| Historical context | Significant |
| Condition | Crucial |
| Demand | High |
| Ownership allure | Strong |
The Artistry of the 1796 Quarter
The 1796 quarter is a testament to the artistry and craftsmanship of early American coinage. The Draped Bust design, created by renowned engraver Robert Scot, showcases a classical representation of Liberty, embodying the ideals of the young nation. The small eagle on the reverse is equally significant, symbolizing America’s aspirations. This intricate design has captivated collectors and historians alike, making the 1796 quarter a cherished piece of numismatic art.
| Design Element | Significance | Engraver | Impact |
|---|---|---|---|
| Draped Bust | Liberty | Robert Scot | Iconic |
| Small Eagle | National symbol | Robert Scot | Symbolic |
| Artistry | High | Robert Scot | Notable |
| Numismatic value | Immense | Robert Scot | Historical |
| Collectible | Highly | Robert Scot | Sought after |
| Historical narrative | Rich | Robert Scot | Compelling |
| Market influence | Strong | Robert Scot | Enduring |
1796 Quarter: A Collector’s Dream
For collectors, the 1796 quarter represents the pinnacle of numismatic achievement. Its rarity, combined with its historical and artistic significance, makes it a coveted piece for any serious collection. Owning such a coin is not just about monetary investment; it is about possessing a tangible piece of history that connects the present to the past. This connection is what drives collectors to pursue such rare finds, underscoring the quarter’s enduring appeal.
- Rarity
- Historical significance
- Artistic value
- Collector appeal
- Investment potential
- Historical connection
- Cultural impact
Factors Influencing the Sale Price
The sale price of the 1796 quarter was influenced by several key factors. The coin’s condition was paramount, as coins with minimal wear command higher prices. Provenance also played a role; the coin’s history and previous ownership added to its allure. Market trends and collector demand further impacted the final price, as did the coin’s rarity and historical significance. Each of these elements combined to create a perfect storm of desirability and value.
- Condition
- Provenance
- Market trends
- Collector demand
- Rarity
- Historical significance
- Desirability
The Auction: A Historic Event
The auction of the 1796 quarter was a historic event, drawing attention from collectors and enthusiasts around the globe. Hosted by a prestigious auction house, the event was marked by intense bidding as collectors vied for the chance to own this rare piece. The atmosphere was electric, with each bid raising the stakes and the anticipation. The final hammer price not only set a new record but also reaffirmed the coin’s status as a numismatic masterpiece.
- Prestigious auction house
- Global attention
- Intense bidding
- Electric atmosphere
- Record-setting price
- Numismatic masterpiece
- Collector interest
The Future of Rare Coin Collecting
The sale of the 1796 quarter has sparked renewed interest in rare coin collecting, highlighting the potential for both historical and financial rewards. As collectors continue to seek out unique and significant pieces, the market for rare coins is expected to grow. This trend underscores the enduring appeal of numismatic treasures and the stories they tell. For both seasoned collectors and newcomers, the world of rare coin collecting offers endless possibilities and discoveries.
- Renewed interest
- Historical rewards
- Financial potential
- Market growth
- Enduring appeal
- Numismatic treasures
- New discoveries
FAQs About the 1796 Quarter
| Question | Answer |
|---|---|
| What makes the 1796 quarter so rare? | Its limited mintage and historical significance. |
| Why did it sell for $6.813 million? | Due to its rarity, condition, and collector demand. |
| How many 1796 quarters were minted? | Only 6,146 were originally minted. |
| Who designed the 1796 quarter? | It was designed by Robert Scot. |
| What is the significance of its design? | The Draped Bust and small eagle symbolize early American ideals. |
| Where was the 1796 quarter discovered? | In an antique coin chest. |
| What factors influence its value? | Condition, rarity, historical significance, and market demand. |
| What is the future of rare coin collecting? | It is expected to grow with increased interest and market expansion. |
The 1796 quarter’s journey from an antique coin chest to a record-breaking sale is a testament to its enduring allure and historical importance. As collectors continue to seek out such treasures, the world of numismatics remains vibrant and full of potential.
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