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1806/5 25C MS64 PCGS. CAC....

Lot: 341, Auction: 2008 February Long Beach, CA Signature Coin Auction #460

Sold for: $69,000.00 (includes BP )
Bid Source: Live: Floor
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Ended: Feb 13, 2008
Item Activity: 8 Internet/mail bidders
1,282 page views

Description:

Prized 1806/5 B-1 Overdate Quarter, MS64
Ex: Garrett Collection

1806/5 25C MS64 PCGS. CAC. Ex: Garrett. B-1, R.3. The 1806/5 overdate quarter is one of the prominent, "naked eye" overdates that are so popular with collectors today. It is an easily visible overdate that can be seen without any magnification.
Certain experimentation was undertaken in the engraving and coinage department during 1806. Seldom do overdates of any era originate with dies that were actually used in previous years. Nearly all overdates, especially in the early dies of our coinage, resulted from dies engraved in previous years but unused. It is believed that dies actually used became "work hardened" and brittle, and were unable to be successfully altered in the mint. Such dies remained in use until they wore out, producing backdated coinage that now renders original Mint coinage records almost obsolete.
However, 1806/5 overdates are known for quarters, half dollars, and quarter eagles. In each of these three instances, the previous dies dated 1805 were actually used during the year, then altered by Mint engravers after the beginning of the new year. In the case of the quarter dollar, the obverse and reverse are each from the dies that were previously used to coin the 1805 B-4 quarter.
Graded MS65 in 1980, and certified MS64 today, this beauty has exquisite surfaces and sharp details with lustrous satin surfaces that are graded by warm gray and gold, accented by lilac and iridescent toning. Today, this wonderful near-Gem matches the color plate in the 1980 Garrett catalog. Comments made by Q. David Bowers in that catalog are equally true today: "In today's era of 'dipped' and 'cleaned' issues, such specimens as this from the previous century [now two centuries] with beautiful original toning are to be prized."
Ex: Randall Collection; Garrett Collection; Johns Hopkins University (Bowers and Ruddy, 3/1980), lot 625.
From The Southwest Collection.
(Registry values: P6) (#5315)

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Guides and Pricing Information:


Previous Prices from Heritage Auctions

Lot Date Grade Service Realized
Auction 1124, Lot 2314 Sunday, May 3, 2009 64 PCGS $32,200.00
Auction 414, Lot 5166 Monday, August 14, 2006 64 PCGS $37,375.00
View prices realized from this item in other grades (you must be signed in)
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.

Price Guide*

Grade Coin World
(Coin Values)
Numismedia
Retail
Numismedia
Wholesale
Numismedia
NGC (nmn)
Numismedia
PCGS (nmp)
PCGS
Price Guide
63 $32,500 $24,380 $19,500 $17,500 $17,750 $27,500
64 $40,000 $51,350 $39,500 $36,000 $36,500 $52,500
65 $100,000 $100,630 $80,500 $74,500 $74,500 $120,000
*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 64 3* 2* 150 206,124 Robert Scot
NGC 64 2 1 93
*This information is provided and owned by PCGS. Its display and use are subject to the licensed agreement between PCGS and Heritage Auction Galleries.

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