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
2338

1838 25C No Drapery MS68 PCGS....

2009 April-May Cincinnati, OH (CSNS) US Coin Auction #1124

 
Sold for: Sign-in or Join (free & quick)
Claim Item: Sign-in or Join (free & quick)
Auction Ended On: Apr 30, 2009
Item Activity: 7 Internet/mail/phone bidders
4,612 page views
Location:

Duke Energy Center
525 Elm Street
Cincinnati, OH 45202

Description:
Fantastic 1838 No Drapery Quarter, MS68
1838 25C No Drapery MS68 PCGS. R.W. Julian's article "Gobrecht's Seated Liberty," published in the July 2003 edition of the magazine Coins, offers an excellent overview of how the eponymous design made its way to the quarter dollar. The Liberty Seated obverse, which Julian credits to a collaboration between engraver Christian Gobrecht and artists Titian Peale and Thomas Sully, was created for the silver dollar, but its use spread quickly to other denominations:

"The designs were so well received that [Mint Director Robert] Patterson soon sought permission to improve the looks of the dimes and half dimes by putting the seated figure on the obverse. ... Once the dimes and half dimes had received the seated figure of Liberty, the quarter dollar came next. Gobrecht prepared the dies in the summer of 1838 and in September several trial pieces were sent to Treasury Secretary Levi Woodbury and President Martin Van Buren for their inspection. Approval was soon forthcoming and coinage quickly began. Demand was strong enough that 466,000 pieces were struck by year's end."

Julian further notes that while Gobrecht's obverse design was artistically successful, it created certain technical challenges that Mint Director Patterson decided to rectify. In a different article, "Collectors Clamor for Seated Liberty Quarters" in the February 29, 2000 edition of Numismatic News, Julian describes the change made and how it affects the way today's collectors approach the series:

"The quarter coinage of 1838-1840, without drapery, is increasingly obtained by type collectors because of the distinct difference in the obverse dies. This variety was struck at Philadelphia in 1838 and 1839 but also at New Orleans in 1840; the dies for the latter were sent off before all the changes were in place. Philadelphia coined only the variety with drapery in 1840.
"Sculptor Robert Ball Hughes had been hired by Director Patterson to slightly redesign the silver coinage, especially the Seated Liberty figures; the change of drapery at the elbow is a mark of Hughes' work. The point of the make-over was to reduce the height of the figure so that the coins would strike up better in the available coining presses."

While the 2009 edition of the Guide Book does not specify the No Drapery Seated quarters as a subtype, many collectors do consider them such, among them James W. Lull, previous owner of the present example; he assembled a high-end type collection which included both this 1838 quarter and an 1857 quarter, which would be redundant for type purposes if not for the No Drapery versus Drapery nicety.
The second Julian quote references what may be considered this Superb Gem beauty's only flaw, that its strike is soft at the peripheries; still, in light of the issue's striking weakness being ever-present, this is forgivable. Otherwise, the eye appeal has no need for redemption; the bold silver-white luster on each side shines through occasional splashes of milky patina. Essentially unmarked and frosty, with a small sliver of startling brilliance between the T and E of STATES on the reverse. In a prior appearance, the cataloger mentioned that this MS68 PCGS example had a peer at NGC, a coin graded MS68 ; this listing no longer appears in the Census Report, and the logical conclusion is that the MS68 coin was recertified, this time by PCGS; possibly that coin and the present lot are one and the same. Population: 1 in 68, 0 finer (3/09).
Ex: James W. Lull Collection (Bowers and Merena, 1/2005), lot 681.
From The Joseph C. Thomas Collection.(Registry values: P5) (NGC ID# 23SE, PCGS# 5391)

View all of [The Joseph C. Thomas Collection, Part Two ]
View large image(s) of this item

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

Sales Tax information  | PCGS Guarantee of Grade and Authenticity  |  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
880,799
bidder-members
$974,001,871
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 4 days left to consign to the 2014 October 8 - 12 PNG New York Invitational Coin Show US Coins Signature Auction - New York!
Learn About Consigning With Us
Heritage has provided essentially flawless service.
J.T.
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 August 5, 7 & 9 ANA US Coins Signature Auction - Chicago
2014 August 5, 7 & 9 ANA US Coins Signature Auction - Chicago
REALIZED $36,100,727
2014 August 8 ANA World and Ancient Coins Platinum Night Auction - Chicago
2014 August 8 ANA World and Ancient Coins Platinum Night Auction - Chicago
REALIZED SO FAR $10,493,377
2014 August 6 ANA Currency Platinum Night Auction - Chicago
2014 August 6 ANA Currency Platinum Night Auction - Chicago
REALIZED $2,960,604