Rare quarter sells for $2,327 – how to spot an ‘overdate’ error in your spare change... - The US Sun

Summary

A COIN collector recently added an 1806 Draped Bust Quarter to their collection.

This rare quarter was sold on eBay for $2,327 after a pretty intense bidding war.

A COIN collector recently added an 1806 Draped Bust Quarter to their collection.

This rare quarter was sold on eBay for $2,327 after a pretty intense bidding war.

2 The Draped Bust Quarter was graded by PCGS

2 This Draped Bust series were minted from 1796-1807

The value of these coins is found in its overdate and mintage as only ​​206,124 were minted.

An overdate is an error that occurs.

It features a changed date on a coin with traces of the original date still showing.

This particular coin was minted in Philadelphia and designed by Robert Scot, who engraved many of the United State's early coins, according to USA Coin Book.

Mr Scot was appointed the chief engraver of the US Mint in Philadelphia in 1793 and designed both varieties of the coin, including the Small Eagle and Heraldic Eagle.

If in average condition, USA Coin Book estimates the value of these quarters can be worth $721.

If found in mint condition, these coins can be anywhere from $11,081 and up to $18,316.

The bidding on this quarter started low, just $10.

It quickly shot up by the hundreds and ended up selling for an impressive $2,327.

The value of Draped Bust Quarters

The 1796 and 1804 Quarters are super rare and tend to be the most expensive.

Since it's rare that the 1807 is fully struck, the 1805 and 1806 years are typically more valuable.

Because the 1805 is hard to find in high grade, the 1806, is the most available in Mint State, according to Professional Coin Grading Services.

The higher grades tend to be more expensive because of the collector's demand.

In 2018, one 1806 Draped Bust Quarter sold at an auction for $102,000.

How to spot rare coins

Most people tend to keep change in their pockets, on top of dressers, or maybe in their cars.

Next time you have some spare change, try examining your pennies, nickels, dimes, and others as many of these coins could sell for thousands.

Typically, the most valuable coins are ones with a low mintage or an error, as it makes them rare.

A great website to check if your coins are worth anything is eBay.

You just need to search the full coin name, select the "sold" listing and then toggle the search to "highest value”.

If your coins are rare and valuable, you can sell them on eBay or go through a specialist site such as Coinappraiser or USA Coin Book.

An antique silver dollar sells for $2,024 online.

This rare coin collection is worth $20,000 – how he got them and the exact details to look for to find valuable pieces.