Rare, First and Only Year of Type
The Small Eagle quarter ranks among the rarest silver types. It was struck only in 1796, due to the preference of bullion depositors for the dollar, the largest silver denomination. The mintage was a meager 6,146 pieces. The Spanish Colonial two reales coins were also widely available in the late 18th century and the first half of the 19th century in America and elsewhere, worth 25 American cents and widely accepted as an alternative to the U.S. quarter. The fledgling U.S. Mint, with its limited bullion deposits and meager capacity, could scarcely compete with the pervasive Spanish Colonial coins. NGC has graded only 195 examples (including re-submissions) in all grades combined.
Offered at $46,000 delivered
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