There are currently no items available for purchase in this Department. Search our Auction Archives below to find item values.
Lot
4206

1840-O 25C No Drapery MS65 PCGS....

2013 April 24 - 28 CSNS US Coin Signature Auction - Chicago #1184

 
Sold for: Sign-in or Join (free & quick)
Claim Item: Sign-in or Join (free & quick)
Auction Ended On: Apr 25, 2013
Item Activity: 9 Internet/mail/phone bidders
559 page views
Location: Renaissance Schaumburg Convention Center Hotel
1551 North Thoreau Drive
Schaumburg, IL 60173

Description:

1840-O No Drapery Quarter, MS65
Single Finest PCGS-Certified

Possible New Orleans Hoard Coin
1840-O 25C No Drapery MS65 PCGS. Large O. Construction had begun for a new Meridien Hotel on Canal Street near the New Orleans French Quarter on October 29, 1982, when earthmoving equipment brought forth a treasure trove of silver coins. New Orleans coin dealer James H. Cohen reported certain details to Coin World slightly under one month later. No accounting exists of the hoard that is said to have contained considerable quantities of Spanish-American silver coins. For U.S. numismatists, New Orleans Mint Seated quarters were well represented. Most of those coins were 1840-O and 1841-O quarters, along with a single AU 1842-O quarter that suggests the date of burial.

In American Coin Treasures and Hoards (pp. 63-65), Q. David Bowers describes the typical piece from the New Orleans treasure: "Survivors from this hoard can be identified by having a somewhat matte-like surface, usually with some traces of gray or black in areas." The present Gem appears much like that description, with matte-like luster beneath medium gold toning over both surfaces, and splashes with minimal black and gray patina. Although undocumented as such, this piece is likely an extraordinary find from a famous hoard, considerably increasing its importance to numismatics today.

PCGS has certified 125 No Drapery quarters in all Mint State grades, but only 17 of those are 1840-O quarters, and the specimen offered here is the only MS65 of that issue, the single finest 1840-O No Drapery quarter that PCGS has certified. In fact, that grading service has only certified 11 submissions of the three-year design type in MS65 or better grades. We have offered just one other Gem example of this issue, a MS65 NGC coin that appeared a dozen years ago in our January 2001 FUN Signature sale.(Registry values: P6) (NGC ID# 23SG, PCGS# 5393)

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
911,074
bidder-members
$969,656,186
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
Consign to the 2015 April 8 - 14 CICF World Coins & Ancient Coins Signature Auction - Chicago.
Learn About Consigning With Us
In arriving at the selection of Auctioneer, ANA has considered primarily the reputation, proficiency, and character of the Auctioneer and its ability to provide personnel of corresponding quality.
The American Numismatic Association,
Colorado Springs, CO
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 December 4 - 7 Houston Money Show US Coins Signature Auction - Houston
2014 December 4 - 7 Houston Money Show US Coins Signature Auction - Houston
REALIZED $9,614,728
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 $9,041,265
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 $1,817,724