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Lot
7446

1827 $2 1/2 AU55 PCGS. CAC. Breen-6131, BD-1, R.5. ...

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
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Location: Marriott - Chicago O Hare
8535 W. Higgins Road
Chicago, IL 60631

Description:
Elusive 1827 Quarter Eagle, AU55, BD-1
1827 $2 1/2 AU55 PCGS. CAC. Breen-6131, BD-1, R.5. This is the only known variety of 1827 quarter eagle; it is doubtful that any others will be found, as the mintage was limited to a mere 2,800 coins, according to the Guide Book. The Bass-Dannreuther Early U.S. Gold Coin Varieties estimate the actual mintage in the range of 1,750 to 2,800 coins.
There was actually only one quarter eagle die produced for this coinage, as the reverse was carried over from its earlier use for both some 1825 quarter eagles and all 1826 pieces. This example appears to be an early die state before the reverse die was lapped, as traces of clash marks appear at the left end of the scroll, nearly identical to late states of the 1826 quarter eagles. This Choice AU piece displays attractive greenish-gold surfaces with considerable luster. Both sides are lightly abraded, typical in appearance to nearly all known examples of the design type issued from 1821 to 1827.
Ex: Central States Signature (Heritage, 5/2007), lot 2217.
From The Oliver Collection.(Registry values: P5) (NGC ID# 25FJ, PCGS# 7666)

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