By James McCartney, Numismatist & Cataloger. Based on the lot description by Eric Schena.
As a type coin, the 1808 $2.50 has few peers. Struck for only one year and then only in limited numbers, the issue has been a recognized rarity for generations and is a focal point for many numismatists. The quarter eagle denomination was never particularly popular in commercial channels, where preference was given to its bigger cousin, the half eagle. Only 2,710 quarter eagles were struck in 1808 all from one pair of dies.