The Draped Bust Quarter was the first skyblock coins quarter coin to be struck by the US Mint and it took a while to catch on. No one was really ready for a coin valued at 25 cents and it took some time for the population to begin using it. This quarter was only in production for 8 years, though records show it as being produced between 1796 and 1807. While those years were when the coin was being made, there were four years among those that were did not include minted quarters.
The coin consists of 89% silver and 11% copper and features a young woman with flowing hair and cloth draped over her bust, as the name suggests. The other side of the coin shows an eagle, though this was changed for a year. The quarter is surprisingly large for the amount as it was designed to match the Spanish Colonial reales coins.
For collectors, the Draped Bust coin from 1796 is the coin to find. This was the only year that the coin was produced with a “small eagle” reverse. These are not the rarest coins in the series, but they are certainly the most sought out, thanks to the different image on the back.
As the coins were in heavy use as quarters, it is very difficult to find any in pristine condition these days. Instead, they tend to be somewhat worn, if not downright damaged. Despite this, collectors like to collect them as some of the earliest quarters available.
What Collectors Should Know About Early Silver Dollars
Early silver dollars are extremely popular with people who collect United States coins as a hobby. Collectors should do enough research to know a few basic facts about them if they plan on searching for older silver dollars to add to a collection. The U.S. minted the first silver dollars in 1794 with a limited production run of 1,758 pieces. The fact that so few were made is the main reason they are a great find for anyone who is serious about collecting rare coins, especially since only approximately 130 are still around today.
That first silver dollar features an image of liberty with her hair blowing back over her shoulders and collectors commonly call it the Flowing Hair dollar. The mint used that original design for just one year until 1795 when the Draped Bust design took its place and remained until 1804.
Since they are so rare, collectors should always take care to verify authenticity when purchasing these coins and only buy those that are certified. Before buying any rare coin, it is crucial to look for proof of certification by ANACS, ICG, NGC or PCGS or have coins in an existing collection graded by any of those services.