LOT #2310 |
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1796 25C MS64 NGC....
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Sold on Apr 30, 2009 for:
$80,500.00
Bid Source: HA.com/Live bidder
Description
Classic Rarity 1796 Quarter, B-2, MS64
1796 25C MS64 NGC. B-2, R.3. The quarter was an inherently difficult coin to produce in 1796. The specified weight was 6.74 grams, with a composition of .8924 silver and .1076 copper. The designed diameter of the coin was 27.5 mm. The edge was reeded. To contain the specified amount of metal in a coin with such a large diameter the planchets had to be unusually thin. The planchets were cut from sheets of metal of the required composition that were repeatedly drawn through horse-powered rollers. The distance between the rollers was reduced with each pass until the desired thickness was attained. Before each pass, the metal sheets were annealed to make the metal softer and more ductile.It was necessary to repeat this process more times than usual to prepare the quarter planchets. In addition to the extra work involved in rolling, many of the planchets became brittle because of the repeated annealing. When the coins were struck on the screw press, some of the brittle planchets developed edge splits, and small pieces of metal broke off. The effects of this process can be seen on many 1796 quarters today.
The strike is particularly sharp on this example, especially on the obverse. Crisp detail shows in all devices, even star centrils and hair strands are bold. The reverse has a better than average strike, with some detail showing on the eagle's head. The eagle's nostril shows plainly, a detail rarely seen on this variety. The fields are free of distractions, and lovely lilac and gray toning accents both sides. Stunning eye appeal. This coin, although unlisted there, would be tied for fourth place in the Condition Census as presented by Steve Tompkins in his new reference.(Registry values: P7)
Coin Index Numbers: (NGC ID# 23RA, PCGS# 5310, GSID# 5056)
Metal: 89.24% Silver, 10.76% Copper
Weight: 6.74 grams
ASW: 0.21oz
Mintage: 6,146
Auction Info
2009 April-May Cincinnati, OH (CSNS) US Coin Auction #1124 (go to Auction Home page)
Auction Dates
Apr-May, 2009
29th-3rd
Wednesday-Sunday
Bids + Registered Phone Bidders: 12
Lot Tracking Activity: N/A
Page Views: 1,875
Buyer's Premium per Lot:
15% of the successful bid per lot.
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