As the primary main U.S. coin rarity to transact in 2022, GreatCollections is happy to announce the acquisition of one of many best 1796 Quarters identified at $2.35 million. Formally from the Pogue Assortment, it’s graded MS-66 by PCGS with CAC approval.
Representing a 38% premium to the PCGS Worth Information worth at $1.7 million, the sale additional confirms the power of the general coin market, after a big variety of file costs had been set within the second half of 2021.
“We have now wished to amass this explicit 1796 Quarter for a while attributable to its superior eye enchantment. It ranks because the second best with CAC approval with an impeccable pedigree relationship again over a century. It is a coin that’s extremely wanted in all grades, wanted for units of quarters, kind units, collections of key dates, to not point out rarity collectors,” mentioned Ian Russell, President of GreatCollections.
GreatCollections bought the coin from Blake Duncan of U.S. Cash based mostly in Houston, who had beforehand offered the coin to a non-public collector two years in the past.
The pedigree of this explicit 1796 Quarter dates again to 1922, the place it was offered as a part of the Ten Eyck Assortment. It then appeared within the 1960 public sale of the Milton A. Holmes Assortment.
In 2015, its final public sale look was a part of the spectacular Pogue Assortment, of which it was thought-about one of many particular highlights.
All one-year kind points are widespread amongst collectors, however as well as, 1796 was the primary 12 months that the quarter denomination was issued for the then-young United States. It took one other eight years earlier than they had been issued once more in 1804, and by then, the design had modified with the addition of “25” for the denomination and “E PLURIBUS UNUM” each on the reverse.
That is yet one more main rarity to be acquired by GreatCollections over the previous 12 months.
Different high-profile rarities embody the best 1804 Draped Bust Silver Greenback PCGS Proof-68 for $7.68 million, 1861 Paquet Liberty Gold Double Eagle PCGS MS-67 CAC for $7.2 million, and 1794 Flowing Hair Silver Greenback PCGS MS-66+ CAC for $6.6 million. In November, GreatCollections bought the best 1913 Liberty Nickel and second 1804 Draped Bust Silver Greenback in a three-coin transaction for $13.35 million.