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Lot
1461

1805 $2 1/2 Double Struck AU58 NGC....

2008 July-August Baltimore, MD (ANA) US Coin Signature Auction #1114

 
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Auction Ended On: Jul 31, 2008
Item Activity: 10 Internet/mail/phone bidders
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Location:

Baltimore, MD

Description:
Double Struck 1805 BD-1 Quarter Eagle, AU58
1805 $2 1/2 Double Struck AU58 NGC. BD-1, R.4. Boldly defined with lovely greenish yellow-gold surfaces. The fields exhibit considerable satin luster with reflective, mirrored fields. A small dig in the left obverse field is the only noticeable mark. A few light adjustment marks are noted on the bust.

The double strike is obvious on both sides, with considerable detail that develops with careful examination. Immediately obvious are Liberty's forecurl on the cheek and three star points at the upper edge of the cap. Closer inspection also reveals TY and three stars in the right obverse field, a star at the end of the drapery. The reverse has considerable additional detail, including stars and the first A in AMERICA superimposed on the clouds.

Die State.
The obverse is cracked from star 7 to the tops of LIB.

Appearances.
None known.

Obverse Die. The upper left serif of 1 lightly joins the hair curl and 5 is smaller than the other digits.
180 are closely spaced with 05 even closer. LIB are more closely spaced than other letters. Top left serif of E is missing. L is slightly low. Seven stars left and six right. Stars 1 and 13 are distant from the hair and bust, while stars 7 and 8 are closer to the cap and Y. Star pairs 8-9 and 10-11 are slightly closer than others. A dentil over the right side of star 9 is larger than others and triangular in shape, almost reaching the star.
State a. Perfect. State b. Cracked from star 7 to the tops of LIB.

Reverse Die. Star 11 is sharply recut with a total of 10 points.
All E's are missing their upper left serif. D is equally close to the third and fourth feathers. ITED are each slightly higher than their adjacent letter to the left. E and D lean slightly right. First S is slightly low and A is slightly high. The upright of E is over the space between clouds 4 and 5. First A in AMERICA close to the third and fourth feathers. Final A touches the claw. AME and RI are close while ER and ICA are widely spaced. Leaves join I under the right foot and C at the center. Five berries with one stemless, two having short stems, and two having long stems. Only one arrow point extends past the right side of U with the outer arrow point below center of that letter. Thirteen large stars with only star 5 in the top row not touching the clouds. Star 12 has a point between the lower and upper beak with another point touching the ribbon. Star 13 is isolated in the field, not touching devices.
State a. Perfect.

Heritage Commentary.
Early quarter eagle errors are extremely rare, at best. Ed Price notes that he has never seen or heard of any other errors from 1796 to 1807, and neither have we.

Consignor Commentary.
This coin is among my favorites in the collection. I have never seen or heard of any other error in the early quarter eagle series (1796-1807). This error is spectacular. Stu Levine and I drove to Bowers and Merena in New Hampshire to view lots for the Russ Logan sale in 2002. Stu was driving. He pulled a coin out of his pocket and asked for my opinion. I didn't say anything for a while. As I looked at the coin, I gradually saw more and more of the double strike on both the obverse and reverse. I had never seen an early quarter eagle error. This coin was high grade and problem-free and the error was clear. There were extra stars on both the obverse and reverse and many other interesting details. I was awed.

Provenance.
Purchased from Stuart Levine (11/2002).
From The Ed Price Collection.
(Registry values: P6) (NGC ID# 25F9, PCGS# 7653)

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