1802 DRAPED BUST $2.5 MS65
JUST 3,035 STRUCK. SOLE HIGHEST GRADED.
The young nation was certainly a force to be reckoned with after its triumph over the British Empire- which the sun supposedly never set on, until it lost the American colonies. So to strengthen its military forces congress took several steps to build the best and brightest army. One such step was the establishment of the infamous United States Military Academy at West Point, New York. This was previously the location of a Revolutionary-era fort designed to protect the Hudson River Valley and the site of Benedict Arnold’s treasonous act. Often referred to as just West Point, the academy was designed to “train and educate young men in the theory and practice of military science.” Today it is still one of the lead military training facilities for the U.S. Army that has a history of producing top ranking military personnel.
Known in its prime as the “unwanted stepchild,” the gold quarter eagle has won the hearts of collectors and numismatists alike over time. While it was a part of the original mintage act of 1792 that established the mint and authorized denominations, the quarter eagle was the last minted and so few were made. Mintage numbers have been described as “fascinatingly low,” even by 1802, six years into production, mintage only totaled 3,035 coins, and even fewer of these ever made it into circulation.