Park Avenue Numismatics
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Miami, FL 33137
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The Mint Act of 1792, provided for the coinage of a quarter dollar denomination, "each [coin] to be of one fourth the value of the dollar or unit, and to contain ninety-two grains and thirteen sixteenth parts of a grain pure, or one hundred and four grains of standard silver." The dollar "unit" was to be exchangeable on par with the Spanish milled dollar, which dominated local commercial channels along with its subsidiary denominations. Thus, the United States quarter was equal to the Spanish two reales piece, or "two bits." The inaugural coinage was only 6,146 pieces, after which the denomination was not coined again until 1804. The 1796 is a one-year type with a Small Eagle reverse. Examples are known in low circulated grades all the way through Mint State, and collectors seek examples across the spectrum. Listed at $34,750 in “VF” in the NGC price guide and $45,000 in the PCGS price guide.
The 1911-D is unquestionably one of the keys to the five dollar Indian series, especially in high grades. Price, however, keeps most collectors from pursuing this issue in high grades (as with the 1911-D quarter eagle), which makes attractive near-Mint examples, such as this one, a collector favorite. The surfaces are bright with satiny mint luster. A few grade-consistent marks can be found with a magnifier
The 1842 ten dollar coinage is divided between the Small Date and Large Date varieties (18,623 versus 62,884 pieces, respectively), and the Small Date is by far the scarcer issue overall. Moreover, while both issues are conditionally rare in Mint State, the Small Date variant is almost entirely limited to the MS60 and MS61 grades, while the Large Date is represented by a few pieces as fine as MS64 and MS65.
This Small Date coin is tied with just two others as the finest at NGC, while PCGS reports a coin each in MS62 and MS63.. The design elements are well-defined and each side shows satiny straw-gold luster with semiprooflike reflectivity in the fields. A bisecting die crack extends from the eagle's left (facing) wingtip, across the shield, toward the opposite border. Scattered abrasions define the grade.
NGC Price Guide Value is $19,000 (7/19)