1837 25C B-2, R.1, MS66+ PCGS. CAC....

Click the image to load the highest resolution version.

Sold on May 3, 2023 for:

$38,400.00 Bid Source: Internet bidder

Get one of these:

Share this lot

Track Item Printable Auction Results

Sell One of These

Description

Auction Info

Guides & Info

Description

1837 B-2 Quarter, MS66+
Conditionally Scarce, Beautifully Preserved
Ex: Foxfire and Eugene H. Gardner Collections

1837 25C B-2, R.1, MS66+ PCGS. CAC. Tompkins Die State 1/1. Silver coinage traded at a premium in 1837, partially the result of suspended specie payments by many banks fearing financial panic. Few silver coins circulated; instead, they were hoarded and spent only when silver or gold was required in trade, often at a premium that exceeded their nominal value. Still, only a few examples were saved for their numismatic value -- in 1837, it was a concept that had no meaning for public at large.

The Mint struck 252,400 quarters in 1837, just over half the 1836 mintage and considerably less than the 366,000 quarters that would be struck in 1838, when the Capped Bust quarter series came to an end. Six die marriages accomplished the 1837 mintage. Among those varieties, the B-2 quarters are the most frequently encountered. Most examples show slight weakness at stars 6, 7, and 8 and at the uppermost areas of Liberty's curls and cap. Corresponding weakness on the eagle's talons and arrow fletchings are seen on even high-grade Uncirculated pieces. The finest 1837 circulation strike quarter is generally thought to be the D. Brent Pogue Collection example that sold in Part One of that multi-part sale by Stack's Bowers/Sotheby's. In that lot description, the cataloger noted: "The next closest competitor, the Gene Gardner PCGS MS-66+, brought $76,375 in 2014."

The present coin is that Gene Gardner specimen. This is an attractive coin with rich and vivid iridescent toning on each side in variegated hues of plum, cobalt-green, and copper-red that gather primarily near the peripheries. The strike definition is slightly weak on the eagle's talons and arrow feathers as always seen, and on the left-side obverse stars, but all else is sharp. Semireflective fields contrast boldly with the frosty devices, especially on the obverse, which portrays a cameo appearance. All in all, this is a lustrous and impressively preserved high-end Premium Gem example with tremendous eye appeal, especially for the collector who favors deep, original patina. PCGS reports this sole B-2 example at MS66+ plus two examples at MS67.
Ex: Foxfire Collection; Bill Nagle (8/2005); The Eugene H. Gardner Collection, Part II (Heritage, 10/2014), lot 98352.
From The Stephenville Collection.

Coin Index Numbers: (NGC ID# 23S4, Variety PCGS# 39011, Base PCGS# 5356, GSID# 212984)

Metal: 90% Silver, 10% Copper
Weight: 6.68 grams
ASW: 0.19329oz
Mintage: 252,400

View all of [The Stephenville Collection. ]

View Certification Details from PCGS