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Description

Conditionally Rare 1838 No Drapery Seated Quarter, MS65 NGC

1838 25C No Drapery MS65 NGC. The device punches for what would become the Seated Liberty Quarter were completed by Christian Gobrecht during the summer of 1838. After 20 "specimens" were sent to Treasury Secretary Levi Woodbury, regular production commenced on September 29. The Philadelphia Mint produced at least 466,000 examples this year, all of which, like their 1839 and 1840-O No Drapery counterparts, lacked obverse drapery folds at Liberty's right (facing) elbow. All three of these issues are scarce in problem-free Uncirculated preservation, and what few coins have been certified at the upper reaches of the Mint State grading scale are usually snatched up quickly by type collectors when they appear on the market.
Writing in 1991, Larry Briggs says of this issue: "Head, stars, and obverse dentils are poorly struck." Obviously, the author did not have the opportunity to examine the present example, as most detail on both sides is fully brought up, save for some of the denticulation. There are also remarkably few abrasions for the type. Fully frosted, completely untoned, and undeniably attractive. NGC and PCGS combined report only six coins in MS65 and seven finer (4/04). (#5391) (NGC ID# 23SE, PCGS# 5391)

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Auction Dates
June, 2004
3rd-5th
Internet/Mail/Phone Bidders: 2
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Page Views: 123

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