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1840-O 25C No Drapery MS64 PCGS. Christian Gobrecht's ...

2004 August Pittsburgh, PA Signature Sale #352

 
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Auction Ended On: Aug 18, 2004
Item Activity: 8 Internet/mail/phone bidders
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Location: Pittsburgh, PA
Description:
Lovely Near-Gem, 1840-O Seated Liberty Quarter, No Drapery
1840-O 25C No Drapery MS64 PCGS. Christian Gobrecht's Seated Liberty Quarter made its debut in 1838 with a mintage of 466,000 pieces. The Philadelphia Mint produced a further 491,146 coins in 1839, followed by the New Orleans Mint's initial delivery of 382,200 pieces in 1840. These three issues are unique in that they are the only coins in the Seated Quarter series that do not show extra drapery folds at Liberty's right (facing ) elbow. The 1840-O No Drapery is even more distinct from the 1838 and 1839 in that the denticles on the obverse are small and, in some cases essentially non-existent. This feature results in greater field area around Liberty's portrait and the peripheral stars.
Along with the 1841-O, the 1840-O No Drapery was well represented in the New Orleans Hoard of 1982. As many coins from this hoard were heavily abraded and/or corroded, we suspect that the present coin was preserved in some other manner, perhaps as part of a long-time collection. Both sides display a rich, satiny sheen that swirls gently around the uncommonly clean surfaces. The strike is also impressive, being free of the often-seen softness of detail over the star centrils, Liberty's head, and the eagle's portrait. For pedigree purposes, we mention a small, powdery blue-green spot near the upper left obverse rim, just below and to the left of star 7. This is the finest example certified of this scarce issue, by PCGS. Population: 1 in 64, 0 finer (3/04).
From the JFS Collection.(#5393) (Registry values: P6) (NGC ID# 23SG, PCGS# 5393)

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