Coins can be valuable, but some are worth far more than others. One such coin is the 1806 Draped Bust quarter, a rare find that can fetch an astounding $58,750 at auction. What makes this coin so special? The answer lies in a small but significant flaw known as the “missing serif” error on the number 1 in the date. This tiny mistake, combined with its history and condition, makes it highly prized by collectors.
What Makes the 1806 Draped Bust Quarter So Valuable?
The 1806 Draped Bust quarter is rare for several reasons. First, its production was limited, with only 206,124 pieces minted. This alone makes it an uncommon item for collectors. However, the real draw is the “missing serif” error, which occurs on the number 1 in the year 1806. The missing serif is a small detail on the coin’s design where part of the number’s line is missing. This tiny flaw is what makes this coin stand out.
In addition to the error, the coin is part of the B-3 variety, which is one of the rarest. The coin is also in excellent condition, graded MS65. This grade means it has very few imperfections and retains its lustrous, frosty appearance. Coins in this condition are highly sought after by collectors, as they are hard to find.
The Fascinating History of the 1806 Quarter
The story behind the 1806 Draped Bust quarter is intriguing. The dies used to mint this coin were also used for other varieties, which led to a “remarriage” of the dies. This process resulted in the creation of the B-3 variety, which features the missing serif error. These remarriages are carefully documented by experts, making this coin even more valuable to numismatists.
The 1806 Draped Bust quarter has a rich auction history. Over the years, it has passed through significant collections, increasing its value with each sale. Notable auctions include the ANA Signature auction in 1997, the Richard Jewell Collection in 2005, and the FUN Signature auction in 2009. Each auction has seen the coin attract more attention and higher bids.
| Date | Amount at Auction | Keywords |
|---|---|---|
| 1806 | $58,750 | rare coin, Draped Bust quarter, missing serif, numismatics, B-3 variety |
Condition and Its Impact on Value
The condition of a coin plays a huge role in its value. Coins are graded on a scale from 1 to 70, with 70 being the best possible grade. The 1806 Draped Bust quarter is graded MS65, meaning it is in near-perfect condition for its age. Coins in Mint State (MS) condition are typically more valuable, and those with a grade between MS60 and MS69 are especially prized.
This particular coin’s frosty, lustrous surface with only minor imperfections adds to its value. It also has a slight champagne toning, a subtle coloring that enhances its visual appeal. These small details make the coin highly desirable to collectors.
Conclusion: A Coin with Incredible Value
The 1806 Draped Bust quarter is a rare and valuable coin, worth up to $58,750 at auction. Its missing serif error, combined with its excellent condition and fascinating history, make it a prized possession for collectors. If you ever find one of these coins in your collection, it might just be worth a fortune.
FAQ’s
What is the “missing serif” error on the 1806 Draped Bust quarter?
The “missing serif” error refers to a small flaw where part of the number 1 in the year 1806 is missing.
How much is the 1806 Draped Bust quarter worth?
This rare coin can be worth up to $58,750 at auction, depending on its condition.
What does MS65 grade mean for this coin?
MS65 is a high grade indicating the coin is in excellent condition with minimal imperfections.