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YoloBagels's Blog

15 Feb 2020

An American Classic | The Buffalo Nickel

Coins-United States | YoloBagels

The Buffalo nickel, also known as Indian head nickel, is generally regarded as one of the most sacrosanct coins of the twentieth century. The obverse features an American Indian Chief facing towards the right, with the inscription "LIBERTY" and the date of its mintage (1913-1938) on the Chief's shoulder. On the reverse is an American Buffalo, for which the coin is named after. "United States of America", "E Pluribus Unum", and "FIVE CENTS" is inscribed on the reverse as well, with the mint mark located right under the buffalo.

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22 Nov 2019

The Draped Bust Quarter | Basic info

Coins-United States | YoloBagels

The draped bust quarter | basic infoThe US draped bust quarter is one of the most classic pieces in US coinage. Struck in .8924 silver from the years 1796 to 1807, these quarters camein two major varieties; the small eagle (1796 only) and the large eagle (1804-1807). With a very small total mintage of 561,045 (The US produced 1,390,114,000 quarters in 2018 alone) the draped bust quarter has maintained its place as a heavily sought after yet beautiful design. The design is generally accepted to be done by Robert Scot.The draped bust quarter consists of an obverse design featuring lady Liberty, with her hair flowing over her shoulder. In the 1796 type there are 15 stars present, while on the 1804-1807 types there are only 13 stars, as the coin was redesigned to only include the original thirteen states. On the reverse of the type 1 there is a rather skinny looking eagle standing on clouds surrounded by a wreath. Both versions have the wording "UNITED STATES OF AMERICA" on the reverse, however on the type two (1804-1807) the eagle is much bulkier and has a union shield for a body. It is carrying eight arrows in one claw and an olive branch in the other, much like its modern counterpart minted from 1932-1999. Above the large eagle resides thirteen stars contained by a row of clouds. Under the eagle is a large "25 C."With that said, they tend to sell for a demanding price, even in lower grades. Not many draped bust quarters survived in higher grades. They were minted in a period of economic and political trouble in a young, bucolic United States. The fact that most collectors of the time preferred coins of ancient Rome and Greece didn't care much for "modern" coinage did not help at all either. Mostly in specific hoards and collections , like the Pogue collection, did these coins survive in uncirculated grades. For the 1796 variety, PCGS estimates that only 10% survived circulation, and that only a handful of their 6,146 mintage still exists in original proof like condition, which will usually cost the same as a decent house.My one and only draped bust quarter (pictured) is an 1805 Browning-4 with F details (holed). While it does have a hole I was able to acquire it for a low price, especially for the detail that is on the coin; and today it remains one of my most cherished coins. The draped bust quarter is a truly remarkable coin not only for its rarity but also for its beautiful design and overall eye appeal in any condition.

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