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3144

1796 25C MS63 PCGS. B-2, R.3. This is the High 6 obverse with the top of the digit 6 nearly touching the drapery. The other...

2006 January Orlando, FL (FUN) Signature Auction #394

 
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Auction Ended On: Jan 5, 2006
Item Activity: 8 Internet/mail/phone bidders
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Location: Orlando, FL
Description:
Prooflike Mint State 1796 Quarter Dollar
1796 25C MS63 PCGS. B-2, R.3. This is the High 6 obverse with the top of the digit 6 nearly touching the drapery. The other variety of this date, B-1, has the digit 6 about centered between the bust and border. It is believed by most that the B-1 die combination was struck first, followed by this variety. Four deliveries totaled 6,146 coins, the generally accepted mintage figure for all 1796 quarters. It is likely that the delivery of April 9, 1796, consisting of 1,800 coins were all of the B-1 coins, and the remaining three deliveries of May 27, 1796 (2,530 coins), June 14, 1796 (1,564 coins), and February 28, 1797 (252 coins) were all the B-2 examples. One numismatist, Robert Hilt, switched the emission sequence, suggesting that all 6,146 coins were the B-2 variety, and the rare B-1 coins were struck in 1804!
This example is an intermediate die state. The obverse has an extremely faint die crack from the border, between two dentils, to the top of I in LIBERTY. Another die crack from the border to the nearby E, is virtually invisible above that letter, but quite strong below, continuing into Liberty's hair, to the curl behind her neck, and beyond. Other cracks and tiny die chips are visible on the obverse. With the exception of the eagle's head and nearby leaves, this is a sharply struck example. The fields on both sides are fully prooflike beneath warm sea-green, gold, and rose toning. Light hairlines are visible, especially in the fields, but these are hardly discernible without careful scrutiny.
Walter Breen discussed a hoard of these coins in the estate of Col. E.H.R. Green. He related information obtained from Abe Kosoff that the hoard consisted of about 200 Mint State examples, with nearly half of those having prooflike surfaces. Kosoff and Andre DeCoppet were reportedly responsible for the disbursement of those coins. While we certainly don't want to discount such a report, we consider Mint States examples to be much too rare for such a hoard. If this accumulation did exist, there seems to be little evidence today. Population: 8 in 63, 14 finer (11/05).(Registry values: P7) (NGC ID# 23RA, PCGS# 5310)

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