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<p>[QUOTE="johnmilton, post: 24552220, member: 101855"]The mintages you see in references like “The Red Book” are not as carved in stone as you might think. The first mint did not keep records on how many of the 1797 $5 gold pieces had the Small and Large Eagle reverses. They only recorded how many coins they made. They also did not mark down what date was on the coin. If a 1796 die was perfectly good, they didn’t toss it just because the year had changed. They kept on making coins with it in 1797 until it was worn out. </p><p><br /></p><p>Here is an example of what was done for two “Red Book” montage numbers. The the 1796 quarter eagles, the No Stars mintage is reported as 963. That was represented by two deliveries of coins, something like 80 pieces in the first (which are thought to be the rare variety of 1796 No Stars $2.50) and the rest later in the year. </p><p><br /></p><p>The reported montage for the 1796 With Stars quarter eagle is 432. There is no record that the mintage really was that. The <b><i>assumption</i></b> comes from a delivery of 432 quarter eagles in January 1797 that researchers <b><i>think</i></b> were 1796 dated pieces with the stars on the obverse.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 24552220, member: 101855"]The mintages you see in references like “The Red Book” are not as carved in stone as you might think. The first mint did not keep records on how many of the 1797 $5 gold pieces had the Small and Large Eagle reverses. They only recorded how many coins they made. They also did not mark down what date was on the coin. If a 1796 die was perfectly good, they didn’t toss it just because the year had changed. They kept on making coins with it in 1797 until it was worn out. Here is an example of what was done for two “Red Book” montage numbers. The the 1796 quarter eagles, the No Stars mintage is reported as 963. That was represented by two deliveries of coins, something like 80 pieces in the first (which are thought to be the rare variety of 1796 No Stars $2.50) and the rest later in the year. The reported montage for the 1796 With Stars quarter eagle is 432. There is no record that the mintage really was that. The [B][I]assumption[/I][/B] comes from a delivery of 432 quarter eagles in January 1797 that researchers [B][I]think[/I][/B] were 1796 dated pieces with the stars on the obverse.[/QUOTE]
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