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Lot
4732

1827 $2 1/2 MS62 PCGS. CAC. Breen-6131, BD-1, R.5....

2012 January 4-8 US Coins & Platinum Night FUN Signature Auction- Orlando #1166

 
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Auction Ended On: Jan 5, 2012
Item Activity: 5 Internet/mail/phone bidders
524 page views
Location: Orange County Convention Center
North/South Building
9899 Universal Blvd.
Hall SB - South Building
Orlando, FL 32819

Description:
1827 Quarter Eagle, BD-1, MS62
Rare Early Gold Type
1827 $2 1/2 MS62 PCGS. CAC. Breen-6131, BD-1, R.5. Bass-Dannreuther Die State a/c. The quarter eagle denomination in the early years of the U.S. Mint was apt to be a sporadic and low-mintage affair; even so, in the first decade after the quarter eagle was introduced in 1796 and up through 1808, most years saw at least a tiny mintage, even though there were gaps.
After 1808, things fell apart.
No more quarter eagles were produced until the 1821 issue, then the 1822 and 1823 were skipped, and the 1824 was produced using a die overdated from 1821, making the 1824/1. Then 1825 through 1827 saw contiguous issues, although the 1826 is actually 1826/6.
The 1827 quarter eagles were produced in the reported amount of 2,800 coins, all from a single die pair. The doughty reverse die was, however, first used in 1825, then reused in 1826 and 1827. So the reverse on the 1827 has actually been lapped, or repolished, to remove the die clashing that appears on the 1826/6. In the words of Bass-Dannreuther, 1826/6, Reverse State b, clashed: "This combination has the outline of the wing in front of the neck and the chin and neck area is evident as a triangular area below the left end of the scroll to the wing on the reverse."
The surfaces on this piece are understandably prooflike -- understandably, more so on the obverse than on the reverse. The peripheries are well-detailed and the centers, even though they are stronger than usual, show a tad of softness on the high-point hair curls of Liberty and the shield stripes on the reverse. A small cluster of tiny marks in the obverse field near stars 1 and 2 fails to detract from the overall excellent eye appeal. Population: 5 in 62, 8 finer (11/11).(Registry values: P5) (NGC ID# 25FJ, PCGS# 7666)

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