Call us: 0121 355 0620 Mon - Fri: 9am - 5pm

1806/5 DRAPED BUST $2.5 NGC AU 58

$66,500.00

Total

VAT Free

4.9 out of 5 on 19,873 reviews on Trustpilot

Free fully insured delivery on all UK orders

.rcw *{margin:0; outline:0; padding:0; text-decoration:none} .rcw *, .rcw:before, .rcw:after{-webkit-box-sizing:border-box; -moz-box-sizing:border-box; box-sizing:border-box} .rcw{-webkit-text-size-adjust:none; max-width:100%; overflow-x:hidden; background-color:#fff; font:16px Merriweather,Georgia,serif; color:#777} .rcw h1, .rcw h2, .rcw h3, .rcw h4, .rcw h5, .rcw h6{font-weight:400} .rcw h1{font-size:34px} .rcw h2{font-size:28.2px} .rcw h3{font-size:23.3px} .rcw h4{font-size:19.3px} .rcw ol, .rcw ul{list-style:none} .rcw a img{border:0} .rcw a:active{outline:0} .rcw-module, .rcw-content-wrapper, .rcw-content{margin:0 auto} .rcw-module, .rcw-content-wrapper{width:1000px; max-width:100%} .rcw-module{background-color:#ccc; color:#333} .rcw .header-menu{position:relative; z-index:5; padding:25px 0; text-align:center} .rcw .header-menu>ul{display:block!important; font-size:0} .rcw .header-menu>ul.mobile{display:none!important} .rcw .header-menu>ul>li{display:inline-block; border-left:1px solid #ddd; padding:0 15px; vertical-align:middle} .rcw .header-menu>ul>li:first-child{border-left:none} .rcw .header-menu>ul>li>a{display:block; padding:5px 10px; line-height:20px; font-size:17px; color:#555; cursor:pointer} .rcw .header-menu>ul>li>a:hover{color:#daa520} .rcw-col-nav, .rcw-col-content{margin:0 32px; float:right} .rcw-col-nav{width:245px} .rcw-col-content{margin-left:0; padding:16px; width:calc(100% – 341px); min-width:300px; min-height:1352px; background:#fff} .rcw-product-name, .rcw-coin-history{border-bottom:1px solid #ddd; padding:0 0 10px} .rcw-product-name{margin:0 0 25px} .rcw-coin-history{margin:38.6px 0 19.3px} .rcw-para{margin-bottom:16px} .rcw-listbox{padding:10px 5px} .rcw-list li{padding:5px 0 5px 15px} .rcw-list a{display:inline-block; position:relative; padding:5px 0; font-size:16px; color:#444; -webkit-transition:all .1s ease; transition:all .1s ease} .rcw-list a:before{content:””; position:absolute; top:12px; left:-15px; width:5px; height:5px; background-color:#ddd} .rcw-list .active>a{color:#daa520} .rcw-list a:hover{color:#daa520} .rcw-footer{margin:16px 32px; padding:15px 0; background:#fff; text-align:center} .clearfix:before, .clearfix:after{content:””; display:table} .clearfix:after{clear:both} .clearfix{zoom:1}

1806/5 DRAPED BUST $2.5 NGC AU 58

Grading Service: NGC
Cert Number: 4627878001
SKU: 143416

Coin History

At the turn of the 19th century, two and a half dollars represented a considerable sum of money—five days wages for the average U.S. Mint employee. It was unlikely however, that anyone outside the Philadelphia Mint would see that amount in the form of the new quarter eagle coin: so few were made, and fewer still entered circulation. The denomination may as well not have existed at all. A few large Northeastern banks did occasionally order quarter eagles, but apparently more as a whim than out of necessity, as most remained in their vaults. 

Although authorized by the Mint Act of 1792, by all appearances the coin was an unwanted stepchild: it was the last denomination made, and then only in such small quantities as to be of little use in commerce. The cent, half dollar, and half eagle took center stage during this era—they were the real workhorses. The paucity of early quarter eagles has a flip side for numismatists however, as these coins—in their many variations—are among the rarest in numismatics, and have both fascinated and frustrated collectors and researchers for years. 

The first quarter eagle—the 1796 Draped Bust without stars—was designed by Chief Engraver Robert Scot. The obverse depicts Liberty facing right, wearing a soft cap, with the inscription LIBERTY above, and the date below. The cap was long thought to be a liberty or Phrygian cap, taken from an ancient Roman model. However, even Mint Director Samuel Moore identified this cap in 1825 as a fashionable headdress of the 1790s, and indeed there are portraits of Martha Washington wearing just such a hat. The coin’s reverse features a heraldic eagle—Scot’s adaptation of the Great Seal of the United States—with clouds arcing from wing to wing, enclosing stars, with the inscription UNITED STATES OF AMERICA around the margin. 

These first quarter eagles lacked stars on the obverse because they were placed on the reverse as part of the new Heraldic eagle design. However, the half eagle and eagle were still using the small eagle reverse, with stars on their respective obverses. Whether due to artistic taste or uniformity of design, the quarter eagle obverse received stars for the last coinage of 1796. With Tennessee’s recent admission to the Union, 16 stars were on the obverse: eight left, eight right. After Tennessee was admitted however, Mint Director Boudinot realized the impracticality of adding a star for each new state. Thereafter, only 13 stars were to be used, symbolizing the original states. The No Stars variety of this year stands alone as a distinct separate type, but date collectors generally include it as a part of the extended series. 

The 1797 issue had thirteen stars on the obverse, 7 left, 6 right. The reverse of the coin though, was from the previous year—it had 16 stars. Thus began the dance of changing obverse and reverse dies for this design. The position of the obverse stars changed almost every year, mimicking the arrangement on the more popular coins. The reverses genuflected within several years, reflecting the Mint’s haste or fear of waste. Reverse stars ranged from thirteen to sixteen, and not in any particular order, at that. Many reverse dies were also used to mint dimes when quarter eagle production was completed.

Only 20 examples are believed to survive of the 1797 issue out of a mintage of 427 pieces. The 1798 issue saw two reverses—with either four or five berries on the olive branch. The Five Berry reverse is significantly scarcer, but receives little attention, as the date is very scarce regardless of variety. Next came the 1802—one of the few so-called “common” dates in this series. Long attributed as an overdate, this status is now in doubt among specialists. Following was the 1804, with both thirteen and fourteen star reverses. The thirteen star variety is extremely rare and without question the key to the series: Only nine examples are believed to exist in all grades. The 1805 is one of the more frequently encountered issues, but its mintage of 1,781 pieces would certainly thrust this date to the forefront of almost any other series of U.S. coins. There are two overdates for 1806, one over a 4 and the other over a 5, the latter being considerably scarcer. The 1807 is the most available issue of the design, and is generally sought by those seeking a high grade example for a type set. 

Draped Bust quarter eagles saw production in eight years between 1796 and 1807, totaling 19,487 coins, encompassing eleven recognized varieties. More rarities are in this short-lived series than common dates. Few collectors in recent years have attempted to complete a set of these coins—most consider themselves lucky to locate a problem-free VF-AU example at a reasonable price. The With Stars issue is rarer than the No Stars variety, but it is not as widely recognized, being overshadowed by the No Stars’ significance as a one year type. 

No proofs were made, but several 1796 No Stars coins have enough mirror-like finish to support the theory that they were included in presentation sets of coins distributed on June 1 of that year—celebrating Tennessee’s admission to the Union. 

Counterfeits are virtually unknown, but there is an interesting piece with a similar design associated with the series—the Kettle token. These are actually brass gaming counters made in England, and while vaguely resembling the Draped

Item specifics

Certification
NGC
Grade
AU 58
Circulated/Uncirculated
Circulated
Year
1806/5
Strike Type
Business
Denomination
$2.50
Composition
Gold
Coin
Draped Bust
Certification Number
4627878001
Country/Region of Manufacture
United States

Excellent

Verified

Thank you Atkinsons

I’ve enjoyed dealing with Atkinsons as they have been helpful and courteous, especially as this is my first time buying from them. I will be staying with this company for the foreseeable future, thank you Atkinsons.

Verified

great service

great service

General Delivery

(Excluding Safes)

We will deliver your order in the fastest and safest way possible as soon as payment is cleared and the stock is available. We use Royal Mail and UPS for our deliveries. Most orders are sent with Royal Mail and for orders under £250 these will be sent using the Royal Mail Signed For 1st Class delivery service which is Insured by us and should arrive within 1-5 days from the day of dispatch. Orders above £250 will be delivered using the Royal Mail Special Delivery service which should be guaranteed to arrive the NEXT day after the day of dispatch. Large silver orders will be delivered by UPS and will arrive 1-2 days after the day of dispatch. For most orders within the UK the UPS service is next day except to outlying areas of the UK.

Our packaging is discreet and we do everything to minimise the chance of anyone guessing the contents of the parcel. No reference to bullion or coins will be on the packaging. We fully understand the need for discretion and security.

We ask that you assist us in getting the order to you safely by making sure that the addresses you register are correct and that any card payments are made from a card registered in both your name and also to your address.

ALL parcels of any value are fully insured by us until signed for by someone at your address.

Ownership of goods passes to the customer once full payment is received and a signature has been accepted at the address provided by the client at the time of order.

Any failure to deliver an order on our part will result in a full refund of the original amount paid or goods as a replacement. No liability will be accepted by us for any price fluctuation in those circumstances. We cannot be held responsible for delays to the postal system which may affect delivery of your goods, which are beyond our control.

Collection

Orders that have been fully paid in advance can be collected from our store after we have contacted you to inform you that your package is ready to collect.

When you come to collect you must produce identification and a copy of the invoice for the goods you are collecting. We cannot release the goods to 3rd parties.

We do NOT keep any goods on site and therefore it is not possible to collect any goods other than those ordered and packaged ready for collection.  See our FAQ for more details on our collection service.

Cancellation and Returns

The right to cancel under Regulation 13 of the Consumer Protection (Distance Selling) Regulations 2000 does not apply because the price of all goods that we sell is dependent upon fluctuations in the financial markets that are beyond our control.

In the event that you wish to cancel an order after it is placed, in consequence of a price fluctuation, the cancellation charge will be 2.5% of the total order value, plus any consequential loss owing to the fluctuation in the price of the metal.  This cancellation policy is applicable for in stock, pre-ordered and special order items.  Should you not be able to supply documents required to complete our compliance requirements which results in a cancellation of your order, the cancellation charges will apply.

You are entitled to return any product that you are dissatisfied with to us, however we will not be responsible for any postal charges. If we find that the goods you have returned are of satisfactory quality the return of the goods to yourself will be subject to a return postal charge.

Vaultor: The Ultimate Secure Storage Solution for Your Precious Metals

Vaultor by Atkinsons Bullion is a safe, convenient, and fully insured storage solution for your gold and silver. Your metals are securely held in fully allocated UK vaults, separate from other clients’ holdings, with Brink’s—an industry leader in high-value storage.

With Vaultor, you can:

  • Buy directly from Atkinsons and have your metals safely stored, providing a convenient alternative option to storing at home.
  • Track your holdings and view their real-time value 24/7 through your secure online account.
  • Easily sell from storage directly back to Atkinsons and secure a fixed price when you are ready.
  • Request withdrawal from storage with insured delivery to your pre-registered address.

How to Order to Storage

Look for the ‘V’ icon when browsing our gold and silver products on the website. At checkout, select the ‘Deliver to Storage’ option to have your metals securely stored with Vaultor.

Insured On-Demand Withdrawals

Simply contact us to request withdrawal from storage and your bullion will be securely dispatched with full tracking and insurance, ensuring a fast and reliable service from the vault to your door.

Storage fees are calculated daily and billed quarterly based on the total value of your holdings.

Related Products