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Lot 1815 |
1796 25C XF40 NGC....
2008 September Long Beach, CA US Coin Signature Auction #1116
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Bid Information
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It is possible under several circumstances for winning bids to be between increments. It is also possible for an existing bid to be outbid by less than a full increment, sometimes by only $1. This usually happens when two bidders feel that a lot is worth about the same amount, but one places an off-increment bid. Generally when this happens, the Current Bid was much lower than the high secret maximum bid when the off-increment bidder placed his bid.
For example: On Tuesday, you bid $1500 against Bidder A's Maximum Bid of $1000, raising Current Bid to $1100. Then on Thursday, Bidder B, seeing a Current Bid of $1100, guesses the final price and decides to bid $1501, outbidding your Maximum Bid by $1. You would now have to bid $1600 through Heritage Internet bidding or $1550 on Heritage Live (if available for the auction) to possibly win that lot. Next time, maybe you'll bid $1502 and outbid Bidder B by $1!
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Consignor Has Not Yet Submitted a Reserve:
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Reserve Met:
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What's This?
The owner of this item has indicated that they would sell this item at the amount, although their acceptance of your offer is required before the item can be purchased.Our Auction Results Archives now allow our members to make anonymous offers on items that may not be auctioned again for some time. Please note that the winner of this Heritage auction lot may or may not still own this item and may or may not be willing to sell.
This Make Offer to Owner (MOTO) program is still in the Beta Test phase, and we would appreciate any suggestions to help us improve our system. Please email your suggestions to Webmaster@HA.com.
Heritage retains 10% of the total price as its commission (compared with a 12%-25% Buyer's Premium charged on auction transactions), from which Heritage absorbs all credit card/PayPal costs. This service is free to the buyer (no Buyer's Premium), includes a 7 day return policy, and protects the identity of both parties. Because no Buyer's Premium is charged on Make Offer to Owner transactions, auction consignment discount coupons are invalid.
Our software allows offers and counter-offers, but we suggest making your best offer the first time as most owners will not respond to low offers at all. You will receive a response or no-response email from Heritage within 72 hours.
BP - Buyer's Premium
A Buyer's Premium will be added to each successful bid. For this sale: 15% of the successful bid (minimum $9) per lot. Please see #2 in our Terms & Conditions.Not Sold
This indicates an item that did not sell at auction because it did not receive bids equal to or greater than the reserve (minimum bid) amount set by the consignor, or the opening bid.Opening Bid
The opening bid is the minimum amount required to begin bidding, and is generally a percentage of the low estimate.
| Sold for: |
$40,250.00
(includes BP  ) Bid Source: Live: Floor bidder |
| Auction Ended On: | Sep 18, 2008 |
| Item Activity: |
8 Internet/mail/phone bidders
3,159 page views |
Description:
Famous Key 1796 Quarter XF40, B-2
1796 25C XF40 NGC. High 6. B-2, R.3. Two varieties are known for the Draped Bust, Small Eagle quarter dollar coinage, a single year design and the first year of issue for the denomination. The two varieties can be quickly distinguished by the position of the digit 6, high and almost touching the bust on this B-2 variety, and lower, nearly centered between the bust and border, on the rarer B-1 variety. The next quarter dollar issue, struck eight years later in 1804, has the new Heraldic Eagle design. Mintage of these early issues was limited with just 6,146 quarters produced in 1796 and 6,738 more in 1804. It is reasonable to assume that the 1796 calendar year mintage corresponds with the actual production of coins bearing the 1796 date. One researcher, Robert Hilt, claimed that the 1796 B-1 variety was actually struck in 1804! He further claimed that the survival rate for the early quarter dollars was only 1.32%, a figure that is much too low. His figures suggest that only about 170 quarter dollars survive from both years, 1796 and 1804. The actual survival rate is probably more in the order of 8% to 10%, or about 1,000 to 1,200 examples for both years.The present example is an attractive, well balanced, copper-gray representative, perfectly centered, with strong dentils around both sides, which is typical for the issue. Faint mint luster still radiates from some of the recessed areas, and examination under a loupe reveals no marks worthy of singular mention. For possible pedigree purposes, we point out a small linear mark equidistant between star two and the dentils, and another just to the left of the middle of the right ribbon coming out of the bowknot. Nice definition is displayed in most of Liberty's hair, and in the eagle's wing feathers. A desirable coin sure to appeal to a number of audiences.
From The Menlo Park Collection.(Registry values: P7) (#5310)
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Service and Handling Description: Coins & Currency (view shipping information)
Sales Tax information | NGC Coin Grading Guarantee | Terms and Conditions
Guides and Pricing Information:
Previous Prices from Heritage Auctions
| Lot | Date | Grade | Service | Realized |
|---|---|---|---|---|
| Auction 27042, Lot 11254 | Tuesday, April 10, 2007 | 40 | NGC | $35,937.50 |
| Auction 422, Lot 901 | Saturday, January 6, 2007 | 40 | NGC | $34,500.00 |
| Auction 1104, Lot 2272 | Saturday, April 19, 2008 | 40 | PCGS | $46,000.00 |
| Auction 454, Lot 2773 | Saturday, January 12, 2008 | 40 | PCGS | $48,875.00 |
| Auction 300, Lot 6466 | Saturday, September 28, 2002 | 40 | PCGS | $14,950.00 |
| View prices realized from this item in other grades (you must be signed in) | ||||
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PLEASE NOTE:
All prices realized reflect the final hammer price PLUS the buyer's premium
in auctions that charge a buyer's premium.
Each item has a notation at the top of the listing indicating whether that lot included a buyer's premium.
All information listed is intended to be as accurate as possible, but errors are possible.
Please use this guide carefully and inform us of any inaccuracies.
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BP - Buyer's Premium
A "Buyer's Premium" is charged in addition to the successful bid according to the rate defined in our terms and conditions.Previous Prices Reported By Other Auction Firms (Not Verified By Heritage)
| Source | Date | Grade | Service | Realized |
|---|---|---|---|---|
| Unconfirmed | Tuesday, November 15, 2011 | 40 | PCGS | $46,000.00 |
| Unconfirmed | Friday, August 11, 2006 | 40 | PCGS | $42,550.00 |
| Unconfirmed | Monday, July 25, 2005 | 40 | PCGS | $40,250.00 |
| Unconfirmed | Wednesday, June 23, 2004 | 40 | PCGS | $34,500.00 |
| PLEASE NOTE: Heritage has not verified this data, which represents the sale or auction of an item from a third party (and includes the Buyer’s Premium where applicable). All information listed is intended to be as accurate as possible, but it has been taken from sources that may or may not be reliable and errors are possible. Please use this guide carefully and inform us of any inaccuracies. | ||||
Price Guide*
| Grade | Coin World (Coin Values) |
Numismedia Retail |
Numismedia Wholesale |
Numismedia NGC (nmn) |
Numismedia PCGS (nmp) |
PCGS Price Guide |
PCGS+ |
|---|---|---|---|---|---|---|---|
| 35 | --- | $42,923 | $34,338 | $31,978 | $31,978 | $42,500 | --- |
| 40 | $52,500 | $47,190 | $37,750 | $35,000 | $35,000 | $46,000 | --- |
| 45 | --- | $48,832 | $39,063 | $36,225 | $36,225 | $47,500 | $48,000 |
| *All information listed is intended to be as accurate as possible, but errors are possible. No item may be returned or refused based on this information which is provided as a service to our customers. You should contact each pricing source directly to determine the accuracy of this information. | |||||||
Population Guide
| Service | Grade | Population in this Grade | Population of Higher Grade | Population in All Grades | + | Mintage | Engraver |
|---|---|---|---|---|---|---|---|
| PCGS | Not available from PCGS | 6,146 | Robert Scot | ||||
| NGC | 40 | 4 | 69 | 144 | - | ||
| CAC | 40 | 0 | 11 | 21 | - | ||
| *This information is provided and owned by PCGS. Its display and use are subject to the licensed agreement between PCGS and Heritage Auctions. | |||||||
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