1806/4 $2.50 Stars 8x5 (Regular Strike)

Series: Draped Bust $2 1/2 1796-1807

PCGS MS63

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PCGS MS63

PCGS #:: 7654

Designer:: Robert Scot

Edge:: Reeded

Diameter:: 20.00 millimeters

Weight:: 4.37 grams

Mintage:: 1,136

Mint:: Philadelphia

Metal:: 91.7% Gold, 8.3% Copper

Auction Record:: $120,000 • MS64 • 09-04-2025 • Stack's Bowers

ShowHide Related Coins and Varieties (3)

Major Varieties

1806/4 $2.50 Stars 8x5
1806/5 $2.50 Stars 7x6

Die Varieties

1806/4 $2.50 BD-1

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PCGS Population

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For Sale Now at Collectors Corner - PCGS Graded

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Rarity and Survival Estimates Learn More

Grades	Survival Estimate The Survival Estimate represents an average of one or more experts' opinions as to how many examples survive of a particular coin in three categories: 1) all grades, 2) 60 or better, and 3) 65 or better. These estimates are based on a variety of sources, including population reports, auction appearances, and personal knowledge. Survival estimates include coins that are raw, certified by PCGS, and certified by other grading services.	Numismatic Rarity Numismatic Rarity converts the Survival Estimate for a particular coin into a number from 1 to 10 (with decimal increments) based on the PCGS Rarity Scale. The higher the number, the more rare the coin.	Relative Rarity By Type Relative Rarity By Type ranks the rarity of this coin with all other coins of this Type. Lower numbers indicate rarer coins.	Relative Rarity By Series Relative Rarity By Series ranks the rarity of this coin with all other coins of this Series. Lower numbers indicate rarer coins.
All Grades	72	R-8.2	7 / 11	7 / 12
60 or Better	6	R-9.7	3 / 11 TIE	3 / 12 TIE
65 or Better	0	R-10.1	1 / 11	1 / 12

Survival Estimate
All Grades	72
60 or Better	6
65 or Better

Numismatic Rarity
All Grades	R-8.2
60 or Better	R-9.7
65 or Better	R-10.1

Relative Rarity By Type All Specs in this Type
All Grades	7 / 11
60 or Better	3 / 11 TIE
65 or Better	1 / 11

Relative Rarity By Series All Specs in this Series
All Grades	7 / 12
60 or Better	3 / 12 TIE
65 or Better	1 / 12

Condition Census What Is This?

Pos	Grade	Pedigree and History
1	MS64 PCGS grade
2	MS63 estimated grade
3	MS62 PCGS grade	James A. Stack Collection - Stack’s 10/1994:836 - Heritage 5/2000:7553 - Lawrence R. Stack Collection, sold privately via Kevin Lipton - D. Brent Pogue Collection - Stack’s/Bowers & Sotheby’s 5/2015:1125, $94,000
3	MS62 estimated grade
3	MS62 estimated grade
6	MS61 PCGS grade
7	MS60 PCGS grade
8	AU58 PCGS grade
8	AU58 PCGS grade
8	AU58 PCGS grade

#1 MS64 PCGS grade

#2 MS63 estimated grade

#3 MS62 PCGS grade

James A. Stack Collection - Stack’s 10/1994:836 - Heritage 5/2000:7553 - Lawrence R. Stack Collection, sold privately via Kevin Lipton - D. Brent Pogue Collection - Stack’s/Bowers & Sotheby’s 5/2015:1125, $94,000

#3 MS62 estimated grade

#6 MS61 PCGS grade

#7 MS60 PCGS grade

#8 AU58 PCGS grade

Ron Guth:

The 1806/4 Quarter Eagle is a very rare date, with less than 100 examples known. Most of the certified examples are found in either higher circulated grades or lower Uncirculated grades (meaning MS61 to MS63). The very best example is a single PCGS MS64. Even David Akers, who claimed never to have seen a legitimate Mint State 1806/4 Quarter Eagle would have loved this coin.

At least two of the known examples have a distinct cud at the top of the obverse (one of them is illustrated above). The cud may account for the rarity of this date, since the dies would have been retired early or they would have fractured soon after the cud developed.

David Akers (1975/88): The overdate is very distinct, but even without looking at the date, the 1806/4 can be easily and quickly distinguished from the 1806/5 by the arrangement of the obverse stars. On this variety, the stars are arranged 8 to the left and 5 to the right, while on the 1806/5, they are arranged 7 to the left and 6 to the right. The 1806/4 is almost always weakly struck in the centers of both the obverse and reverse, but such weak striking is characteristic of all dates of this type. Strictly mint state examples are exceedingly rare and I have never personally examined one, although a few are reported to exist.