Scotsman Auction Co.’s 2015 Midwest Summer Sale showcased 1,118 lots
and realized $1,657,502. Among the wide range of coins in the July 24
auction were numerous key-date rarities in solid, collector grades and
group lots where the winning bid was sometimes double or triple the
estimate. The auction was held alongside the Missouri Numismatic
Society’s 155th annual coin show, July 23 to 25, at the Saint Charles
Here is one of three lots we’re analyzing that offered a blend of
rarity and value.
1796 Draped Bust, Small Eagle Quarter Dollar, Poor
Details, Obverse Graffiti
The 1796 Draped Bust, Small Eagle, quarter dollar is a rare one-year
type and is the only 18th century regular issue quarter dollar issued
by the Philadelphia Mint. This example, graded by NGC as Poor Details,
Obverse Graffiti, is among the most affordable examples to trade in
recent years, selling for $2,300.
A beauty it is not. But, looking beyond its obvious problems that
include an M that has been crudely carved at Liberty’s chin on the
obverse, it has some positive attributes including a clear date and
more details of Liberty’s profile than other examples at the lowest
end of the grading spectrum.
The issue’s popularity as a type coin is undeniable, and considering
that even ugly holed and plugged examples with barely-there details
sell for $3,000, this coin seems to be a solid value.