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Description

Excellent 1815 B-1 Quarter, MS66
The 'Planter's Bank' Issue

1815 25C MS66 PCGS. B-1, R.1. Late Die State. This was the only quarter dollar issued during the decade from 1808 to 1817, and the first year of issue for the Capped Bust design. The mintage of 69,232 quarters of December 16, 1815, were all delivered to the Planter's Bank of New Orleans, while the 20,003 coins delivered on January 10, 1816 were probably sent to the Bank of the United States in Philadelphia, according to Steve Tompkins in Early United States Quarters 1796-1838.
The December delivery was sent upon request of the Planter's Bank, who apparently needed the coins as a replacement for Mexican two reales coins of a similar value. An exchange of letters took place between Bailly Blanchard, cashier of the Planter's Bank, and Mint Director Robert L. Patterson. Blanchard insisted that the bank could only use quarter dollars, while Patterson wanted to send the entire amount in dimes. More than six months elapsed from the first letter requesting the coins and the date they were delivered.
Several die states are known for the 1815 quarter, and this piece is a later die state with light clash marks on each side, especially visible on the reverse. It is probably one of the later January 10 coins. It is also a lovely Condition Census candidate with full silver luster beneath heavy iridescent toning, deepening to steel along the borders. Population: 3 in 66, 0 finer (8/09).(Registry values: P3)

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

Metal: 89.24% Silver, 10.76% Copper
Weight: 6.74 grams
ASW: 0.19338oz
Melt Value: $3.29
Silver Spot: $17/oz (09-10-2009)
Mintage: 89,235


View Certification Details from PCGS

Auction Info

Auction Dates
September, 2009
10th-13th Thursday-Sunday
Bids + Registered Phone Bidders: 7
Lot Tracking Activity: N/A
Page Views: 1,025

Buyer's Premium per Lot:
15% of the successful bid per lot.

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