1807 $2.50 PCGS EF40

BD-1, R-3. The Draped Bust Right variety of quarter eagle was produced from 1796 through 1807 and it is noted for being amongst the rarest of all early gold issues. The 1807 is by far the most available date of the type but even this issue is not easily found and when available, examples tend to be in the AU and lower Uncirculated grades. There is a high amount of demand for affordable middle grade quarter eagles of this design but they are seldom available as this issue just didn't circulate to wear down to the VF-EF grades. There has been just one PCGS EF40 example of the 1807 sold at auction since 2004 and this was recent (Heritage 9/11: 4201 at $13,800). The present coin is problem-free and while it shows wear, this is even and gentle. In fact, the surfaces of this coin are cleaner than usual for the type and date with nice medium green-gold and orange colors, in slightly different hues, seen on the obverse and reverse. I have handled a few reasonably priced 1807 quarter eagles this year and all of them have sold quickly.