The mintage of the 1796 quarter was extremely small at a mere 6,146 pieces. This mintage is spread out unevenly over two different die varieties, using a common reverse paired with a different obverse. The easiest way to identify the two different varieties is by noting the position of the 6 in the date in relation to the other numerals.
B-1 (after Browning, who wrote the definitive reference on the early quarter dollar series) is the scarcer variety of the two. It is the variety with the lower 6 in the date. Although in previous time it was considered rarer than it currently is, it still is offered less frequently than B-2, which has the six in the date higher in relationship to the other numerals. Because of the overall rarity of the 1796 quarter dollar prices for the two varieties are relatively similar, also because the total number of collectors who collect Browning varieties is relatively small, especially when compared to the number of collectors assembling such sets in the half dollar series.
As previously mentioned no quarter dollars were struck after this issue for the next eight years. The main reason was that private depositors did not request this denomination. For them, it was cheaper, and more convenient to have their silver minted in silver dollars or half dollars. As for the use in general commerce, 25 cents was a large denomination in a time when average daily wages were not much more than that. As a result, this denomination was more or less forgotten, as preference was given to smaller half dimes and dimes for general commerce and half dollars and silver dollars for private depositors of silver.
Another factor that needs to be taken into account to explain the lack of coinage of this issue is the fact that the majority of silver coins that were in circulation at the time were of foreign origin. In fact, this would not be outlawed until 1857, and was a major problem in the United States of the first part of the 19th century. Many of these coins were underweight and had seen much prior circulation. This would eventually play a role in the banking crisis of the 1830s, which as a major effect on the American economy of the times.