Announcement: Sunday & Tuesday Internet Coin Auctions and Weekly World and Ancient Coin Auctions move to Heritage Live!

Our Weekly Internet Coin Auctions and World and Ancient Coin Auctions are closing with live, online auctions on HA.com's Heritage Live! platform beginning with the Internet Coin Auction that ends Sunday, September 21st and the World and Ancient Coin Auction that ends on Thursday, September 25th. Each lot is offered one at a time, in lot number order, in live auctions beginning at 8:00 PM CT. During this part of the auction, live bidders will be on Heritage Live! competing with each other and with previously placed Internet bids. The lot opens, requests live bids, and then closes when the bidding is finished. There is no change in how you place your secret maximum bids during the week the auctions are open on HA.com. In addition, once bidding on HA.com ends, 2 hours before the live sessions start, you still have the option to leave proxy bids through Heritage Live!

For more information about Heritage Live!, please visit HA.com/live. If you have any questions about this exciting format change, please contact us at 800-872-6467 or Bid@HA.com.

X
There are currently no items available for purchase in this Department. Search our Auction Archives below to find item values.
Opening Bid
:
Current Bid:
Reserve Amount:

You are the current high bidder on this lot with a secret maximum bid of %bidPretty%.
(%bidBP% w/Buyer's Premium (BP) ).


Notice: You are the current high bidder on this lot, but the next highest bid is within one increment. That means that any additional bids on this lot will outbid you. To increase your chances of winning, enter your highest maximum bid.

You are the current high bidder on this lot with a secret maximum bid of %bidPretty%.
(%bidBP% w/Buyer's Premium (BP) ).

You are the current high bidder on this lot.
(Sign-In to see your maximum bid)

Your secret maximum bid of %bidPretty% has been outbid.

Your secret maximum bid of %bidPretty% does not meet the reserve.

(Sign-In to see your maximum bid)

Your secret maximum bid does not meet the reserve.
(Sign-In to see your maximum bid)

Lot
5586

1840 25C Drapery PR65 NGC. Briggs 1-A....

2013 August 8 - 10 US Coins Signature Auction - Rosemont #1188

 
Sold for: Sign-in or Join (free & quick)
Claim Item: Sign-in or Join (free & quick)
Auction Ended On: Aug 9, 2013
Item Activity: 10 Internet/mail/phone bidders
596 page views
Location: Hyatt Rosemont
6350 N. River Road
Rosemont, IL
60018
Description:

1840 Drapery Quarter, PR65
The Eliasberg-Kaufman Coin
Only Three Examples Known
1840 25C Drapery PR65 NGC. Briggs 1-A. Ex: P. Kaufman. Incorrectly identified in the Eliasberg catalog as Briggs 2-B. A remarkable and extremely rare issue, tied with the Pittman coin for the finest of just three known pieces and the only two that are available to collectors.

The modified With Drapery (at Liberty's elbow) hub was used for all 1840 quarters coined at the Philadelphia Mint. New Orleans coined both types, No Drapery and With Drapery. Inexplicably, Breen included an entry for 1840 "No Drapery" quarters in his 1977 Proof Encyclopedia. He also included another entry for 1840 With Drapery quarters. In his 1989 revised and corrected edition, Breen advised deletion of the No Drapery section. However, the reader is not told how to handle the deleted information. In the Eliasberg catalog, Dave Bowers elected to quote Breen's passage about the "No Drapery" quarters when this coin was offered, but failed to acknowledge the additional information provided for the With Drapery coins.

Regardless of who said what and when, the fact remains that the 1840 Seated quarter issue is exceedingly rare, likely Low R.8 with three known specimens, all With Drapery; accounting for the Smithsonian piece makes precisely two coins that are apparently available -- at least theoretically -- in the marketplace.

1840 With Drapery Seated Quarter Roster
1. PR65 NGC. The present coin. Louis E. Eliasberg, Sr. (Bowers and Merena, 4/1997), lot 1422; Phil Kaufman Collection / Milwaukee ANA Signature (Heritage, 8/2007), lot 1781, which realized $149,500.
2. PR65 NGC. Allenburger Collection (B. Max Mehl, 3/1948), lot 984; John Jay Pittman (David Akers, 5/1998), lot 1300; Superior (1/2004), lot 284.
3. Proof. National Numismatic Collection; Smithsonian Institution.


A faint die crack from the second T in STATES to the top of the eagle's head positively identifies the reverse die. The die crack becomes extremely faint but can be followed through the eagle, shield, right wing, middle arrowhead, and finally to the lower right border.

Every feature that was engraved in the die is fully visible on this sharp proof. The fields have excellent depth of the mirrored finish. Light champagne and gold toning on the obverse is accented by peripheral lilac and blue. Deeper gray toning on the reverse is framed by peripheral blue, green, amber, and gold. Census: 2 in 65, 0 finer (5/13).
From The Greensboro Collection, Part IV. (PCGS# 5529)

View all of [The Greensboro Collection, Part IV ]
View large image(s) of this item

Service and Handling Description: Coins & Currency (view shipping information)

Sales Tax information  | NGC Coin Grading Guarantee  |  Terms and Conditions

Bidding Guidelines and Bid Increments

Guides and Pricing Information:

Previous Prices from Heritage Auctions
Sign-in or Join (free & quick)
Price Guide
Sign-in or Join (free & quick)
Population Guide
Sign-in or Join (free & quick)
Find Auction Prices for Comparable Items:

Photographs:
Sign-in or Join (free & quick) to see the full image




Videos:
FLOOR AUCTIONS View All
Open For Bidding
Coming Soon
HERITAGE MEMBERSHIP
884,661
bidder-members
$1,006,650,755
sold in the last year
VIEW BENEFITS
  1. Past Auction Values (prices, photos, full descriptions, etc.)
  2. Bid online
  3. Free Collector newsletter
  4. Want List with instant e-mail notifications
  5. Reduced auction commissions when you resell your
    winnings 
CONSIGNMENTS WANTED
Only 3 days left to consign to the 2014 November 6 - 10 US Coins Signature Auction - Beverly Hills!
Learn About Consigning With Us
Today, I stand gladdened and honored that your staff members worked as though the collection was their own to return to the world. Congratulations on a job well done… strike that, add...for a job magnificently done.
J.M.
HA.com receives more traffic than any other auction house website. To compare for yourself, visit: compete.com
Take our 2014 Coin
and Currency Survey
Grand prize:
A Certified Uncirculated
1907 High Relief $20!*
Take the Survey
HERITAGE VIDEO TUTORIAL
GETTING THE MOST OUT OF SEARCH
RECENT AUCTIONS
2014 September 4 - 6 Long Beach Expo US Coins Signature Auction - Long Beach
2014 September 4 - 6 Long Beach Expo US Coins Signature Auction - Long Beach
REALIZED $13,398,253
2014 September 3 - 10 Long Beach Expo World Coins Signature Auction - Long Beach
2014 September 3 - 10 Long Beach Expo World Coins Signature Auction - Long Beach
REALIZED SO FAR $9,119,480
2014 September 4 - 8 Long Beach Expo World Currency Signature Auction - Long Beach
2014 September 4 - 8 Long Beach Expo World Currency Signature Auction - Long Beach
REALIZED $1,847,114