Following the issuance of the 1808 Quarter
Eagle, there were no more coins of the $2.50 denomination until 1821,
when the Capped Head style debuted.
The Capped Head Quarter Eagles ran until 1834. By far the rarest of the
series is the 1826. Mint records indicate only 760 pieces were coined
that year, though numismatic scholars think a fair number of them were
actually minted in 1827, still bearing the 1826 date.
While there may be some uncertainty as to the
original mintage, no one
denies their extreme scarcity today. Fewer than two dozen have survived
the rigors of time. All 1826 Quarter Eagles are 6/5 overdates.
On the seldom occasion when an 1826 Capped Head Quarter Eagle goes onto
the marketplace, deep-pocketed collectors try to elbow past one another
to become the next proud owner. We can expect the 1826 Quarter Eagle to
be a headline coin for generations to come.
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