The 1802 $2.50 gold coin, often referred to as a Quarter Eagle, holds a special place in the hearts of numismatists for its historical significance and rarity, especially when certified in Mint State (MS) condition by the Numismatic Guaranty Corporation (NGC) at MS65 or higher. In fact, this example is the SINGLE FINEST KNOWN! Amongst early gold coins, very few have ever achieved this lofty state of preservation and each becomes a major cornerstone in any world class collection.
The early 19th century was a pivotal time for the United States, marked by economic growth and the expansion of coinage to support the burgeoning economy. The $2.50 denomination was introduced as part of the Coinage Act of 1792, intended to fill the gap between the $1 coin and the $5 half eagle. However, by 1802, the production of gold coins was still relatively new, making any surviving piece from this era particularly valuable.
The 1802 Quarter Eagle features the classic design by Robert Scot, with Lady Liberty facing right on the obverse, her hair flowing, and the word "LIBERTY" inscribed above. The reverse showcases a small eagle with a shield, an olive branch, and arrows, surrounded by "UNITED STATES OF AMERICA" and "2 1/2 D." The mintage for 1802 was modest, which contributes to its rarity today.
