1815 25C E Counterstamp MS65 NGC. B-1, R.5 With ...

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Gem Uncirculated 1815 "E" Counterstamp Quarter

1815 25C E Counterstamp MS65 NGC. B-1, R.5 With Counterstamp. The most plausible theory to date for the E and L quarters has just been published in the John Reich Journal. It is a long but well researched article, and we highly recommend it. In short, the author proposes that the Utopian community of Harmonists that lived around Economy, Pennsylvania used these coins as a method of voting during the time of The Great Schism in 1832. The community was divided between the original members who founded the colony in Economy in 1815 and those who wanted to take the community in a different direction, that faction being led by Count Leon. The vote was two to one against the Leon faction, which is the approximate ratio that we find the E to L counterstamps today. The coins are generally found in high grades, indicating short-term usage.
The coin itself is a remarkable Gem bathed in mostly concentric shades of apricot-gold, steel-violet, and turquoise. Although richly toned, abundant mint luster shines forcefully through the coloration. The design elements are well, though not fully defined, in all areas. A fascinating, high quality Capped Bust quarter.

Coin Index Numbers: (PCGS# 5321, GSID# 5061)

Metal: 89.24% Silver, 10.76% Copper
Weight: 6.74 grams
ASW: 0.19338oz
Mintage: 89,235

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