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Lot
7437

1804 $2 1/2 14 Star Reverse MS61 PCGS. CAC. Breen-6119, BD-2, R.4. ...

2011 August Chicago Signature US Coin & Platinum Night Auction #1158

 
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Auction Ended On: Aug 12, 2011
Item Activity: 11 Internet/mail/phone bidders
849 page views
Location: Marriott - Chicago O Hare
8535 W. Higgins Road
Chicago, IL 60631

Description:

1804 14 Star Reverse Quarter Eagle, BD-2
MS61
, Rare Late Obverse Die State
1804 $2 1/2 14 Star Reverse MS61 PCGS. CAC. Breen-6119, BD-2, R.4. Bass-Dannreuther Obverse State c/Reverse State a. A late obverse die state, apparently only the second known along with the ANS coin. The top 12 stars appear as intersecting grids of seven stars each, and as Bass-Dannreuther puts it, "The only [Robert] Scot quarter eagle reverse with an obvious cross pattern of stars." The authors estimate that of the recorded 3,327-piece mintage, from 2,300 to 2,800 pieces were of the R.4 14 Star reverse (est. 150-200 pieces existing), with the remaining 250 to 1,000 pieces the R.6 13 Star reverse (12 to 14 pieces believed extant). The two reverses shared a common obverse. On the 14 Star reverse, the leftmost top star is partially tucked away behind the eagle's left (facing) wing.
John Dannreuther writes:

"The reverse die of this pairing was used to strike the slightly rarer variety of 1804 dimes. Although the extra star may have been noticed by Mint personnel, a perfectly good die would not have been thrown away while it was serviceable. Thus, we have another cross-denominational use of a die."


In this die state, a faint crack runs from the rim to the bust, just right of the date. A second crack runs vertically upward in the left field to near star 7. The BD reference notes of this state, "... the only example seen is the ANS coin, likely ex-Brock, from the J.P. Morgan donation, museum number 1908.93.414)." If this remains so since that was written, the present coin represents only the second known occurrence of this die state. A few trivial adjustment marks appear at the obverse rim above stars 4-7, and considerable weakness occurs on much of the reverse dentilation. Generous luster radiates from the apricot-gold surfaces, and there are no individually distracting abrasions.
Ex: Long Beach Signature (Heritage, 6/2007), lot 2147, which realized $43,125.
From The Oliver Collection.(Registry values: P6) (NGC ID# 25F8, PCGS# 7652)

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