1827 25C RESTRIKE

Click the image to load the highest resolution version.

Sold on Aug 6, 2000 for:

$32,200.00 Bid Source: Live: Floor bidder

Get one of these:

Share this lot

Track Item Printable Auction Results

Sell One of These

Description

Auction Info

Guides & Info

Description

1827 Restrike Quarter, A PR 63 PCGS Example

1827/3 25C Restrike PR 63 PCGS. B-2, High R.6. Taken as a whole, the Capped Bust quarter series from 1815-1838 is one of the most maligned series in all of U.S. numismatics. Most collectors seem to overlook the fact that none of the issues are even remotely common, even in the lower circulated grades. As such, the series offers some scarce coins at relatively reasonable prices. There is, on the other hand, a single issue in this series whose importance is enough to guarantee it a place in the pantheon of numismatic rarities--the 1827.
Mint records indicate that only 4,000 1827 quarters were originally produced. Numismatists assume that these coins were all business strikes, but if they were, then not a single example has survived. The only representatives that we have of this initial delivery are perhaps ten proofs.
By the late 1850s, there were enough collectors looking for an 1827 quarter that the Mint decided to produce a limited number of restrikes. As such, the Philadelphia Mint mated the old 1827 obverse die with one of the reverses of the 1819 quarter delivery (B-2) and struck perhaps 10-15 examples. One of these coins, the Eliasberg specimen, was overstruck on an 1806 quarter. Since the Class II 1804 silver dollar was overstruck on a Swiss shooting thaler, it seems likely that both of these pieces were produced around the same time (probably circa 1858) and by the same people. If we extrapolate even further, then it would seem probable that all of the 1827 restrike quarters were produced circa 1858.
The present example was not overstruck and, as such, it displays a partially reeded edge from the close collar in which it was impressed. It was definitely one of the later strikings as the reverse die has become noticeably rusted. There are numerous die rust lumps throughout the field and around some of the devices. There is a die crack on the reverse from the rim, through the U in UNITED, and into the eagle's left (facing) wing. In addition, the obverse die has also started to rust, evidence of which can be seen around the date and in the field behind Liberty's portrait. Although struck as a proof, this coin has lost much of its flashy proof qualities and has now assumed a somewhat muted, smoky-gray appearance. There are a few isolated areas of darker coloration in the obverse field before Liberty's chin and behind the cap, these being the only worthwhile pedigree markers. Sharply struck with the exception of the star centrils and the eagle's right (facing) talon.
Ex: R.L. Miles, Jr. Collection (Stack's, 9/75), lot 182, where it realized $13,000; Robert E. Branigan Estate Collection (Bowers & Ruddy, 8/78), lot 722, where it realized $10,250.

Coin Index Numbers: (NGC ID# 23SA, PCGS# 5374, GSID# 5076)

Metal: 89.24% Silver, 10.76% Copper
Weight: 6.74 grams
ASW: 0.19338oz
Mintage: 12

View Certification Details from PCGS