The Mint Act of 1792, provided for the coinage of a quarter dollar denomination, "each [coin] to be of one fourth the value of the dollar or unit, and to contain ninety-two grains and thirteen sixteenth parts of a grain pure, or one hundred and four grains of standard silver.
" The dollar "unit" was to be exchangeable on par with the Spanish milled dollar, which dominated local commercial channels along with its subsidiary denominations.
Thus, the United States quarter was equal to the Spanish two reales piece, or "two bits."
The inaugural coinage was only 6,146 pieces, after which the denomination was not coined again until 1804.
The 1796 is a one-year type with a Small Eagle reverse.
Examples are known in low circulated grades all the way through Mint State, and collectors seek examples across the spectrum.
Listed at $34,750 in “VF” in the NGC price guide and $45,000 in the PCGS price guide.
All items are shipped within 3 – 5 business days after receipt of payment unless otherwise stated at the time of purchase. Sets may require an additional 2 – 3 days for assembly and completion.We ship via US Postal Service: First Class Mail, Priority Mail and Express Mail services are available.
With the exception of Bullion Items, Eastern Numismatics offers a 30-day unconditional return guarantee covering our Numismatic and Collectible Items. Returned items must be received at ENI within 30-days of their delivery to the client for this guarantee to be in effect. Items must be sent to: ENI, 642 Franklin Avenue, Garden City NY 11530 Attn: Returns.
Let our four decades of honest service and industry networks work for you. Our efforts to improve product quality and service has led us to a diverse and exeptional numismatic inventory in order to meet the challenges of today’s rare coin market and the needs of our clients. We have been servicing investors and collectors since 1974 and are members of all major consumer and trade organizations, including the American Numismatic Association, the Better Business Bureau, the Professional Numismatists Guild. At Eastern Numismatics we are ready to work for you and help turn your rare coin investment into gold. Call today and speak with one of our qualified ENI coin consultants. They will help you select the best quality rare coins and precious metals for your hard earned money.
“I received my Morgan in the mail today. What a beautiful coin. Thank you for fast shipping. Looking forward to being a repeat customer. ”
- Kevin B
“Received my coin and I'm very pleased. Very nice coin at a great price and excellent service. ”
- Bryant N.
“Great company to deal with! ”
- Patrick B.