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    1792 White Metal Quarter Dollar
    Eagle-on-Globe Judd-13, XF45
    The Sole Available Example

    1792 P25C White Metal Quarter Dollar, Judd-13, Pollock-15 XF45 NGC. The white metal strikings of the 1792 Eagle-on-Globe quarter dollar complete the experiments of the inaugural year of the United States Mint. Across the 1792 patterns (Judd-1 through Judd-13), the Mint conducted experiments with metal composition, edge devices, reeding, planchet thickness, collar usage, and die alignment. The cents were struck in copper, or copper with a silver plug, while the half dismes and dismes are found in both silver and copper. The quarter dollar was struck in copper and white metal. Edge devices similarly varied with plain, lettered, vertically reeded, and diagonally reeded edges. The Mint experimented with both regular and thick planchets, the latter of which are found on the silver disme and white metal Eagle-on-Globe quarter. The white metal Eagle-on-Globe quarter was struck with and without a collar. Finally, 1792 coins are found with both coin and medal alignment. Although the population of surviving 1792 coinage is minimal, the evidence demonstrates deliberate choices on the part of the coiners to work through a number of technical options.
    For many years, the population profile of the Eagle-on-Globe coin in white metal paralleled that of the same coin in copper - one institutional piece and one example held privately. In 2002, Anthony Terranova discovered and, along with Michael Hodder authenticated two additional white metal pieces at the New-York Historical Society. Chronicled on the front page of Coin World on June 9, 2003, the spectacular find doubled the known population from two to four. Society associate curator Margaret K. Hofer noted "We were unaware of their significance until we had them on display with other Colonial coinage." The Society initially discovered the two coins during an inventory of the coin, medal, button, and badge collections. An announcement of the discovery was made May 17, 2003 as part of the American Numismatic Society's Coinage of the Americas Conference. In email to the cataloguer, Margaret Hofer indicated that there is "no record of when the pieces entered the collection. The New-York Historical Society was founded in 1804 and numismatics were among the early items collected ... the Joseph Wright pieces were probably early gifts."

    The New-York Historical Society has revealed other numismatic treasures, including the Horatio Gates Comitia Americana medal in gold, and prototype sketches of John Ward Dunsmore's Washington Inspecting the First Money Coined by the United States. Researcher Katherine Jaeger (now Katherine Moller de Silva) hit similar paydirt with a February 2006 Numismatist article which detailed dies and medals of the American Institute discovered at the New-York Historical Society. While the two Eagle-on-Globe quarter dollars located at the New-York Historical Society are compelling from a historical point of view, they do nothing to change the collectability of the situation - with three of the four known coins permanently housed in institutional collections, the present coin remains the only example available to the collecting public.

    Extending the New York connection, the Eagle-on-Globe design is well known within American numismatics. Several of the New York pattern coppers of 1787 employ the device, including the Excelsior, George Clinton, and Standing Indian types (Breen 989, 990, and 991). The New York state coat of arms incorporated the Eagle-on-Globe in 1778. Later, the New York state flag and seal in turn included the coat of arms. The Erie Canal medal of 1826 (HK-1) depicts the New York coat of arms, including the Eagle-on-Globe design.

    As with the preceding lot, this coin is the sole example available to collectors. The current sale marks only the seventh appearance of the coin since 1863. The inclusion of either a copper or white metal Eagle-on-Globe quarter in a sale is a landmark event; the appearance of both together is unprecedented, and speaks to the dedication of the consignor in forming the premier cabinet of 1792 pattern coinage. The bidding opportunity is equally unique, and the winning bidder will add their name to the most exclusive group of 1792 specialists.

    Eagle-on-Globe Quarter Dollar (Judd-13) Roster
    1. MS63. New-York Historical Society, INV.13862a, discovered in 2002. Regular planchet. Plain edge, 16 grams (246.9 grains). Die alignment 160 degrees.
    2. MS63. New-York Historical Society, INV.13862b, discovered in 2002. Plain edge, 14 grams (216.0 grains). Die alignment 180 degrees.
    3. MS60. George F. Seavey (William Strobridge, 9/1863), lot 837, described as very fine, which corresponds to AU or better today; W. Elliot Woodward (4/1867), lot 882; Lenox Lohr (Empire Coin Company FPL, 1961); Hazen Hinman, Century Sale (Paramount, 4/1965), lot 53; Lester Merkin; Chase Manhattan Bank Money Museum, inventory number 01401; American Numismatic Society, accession number 1980.66.2. Don Taxay, writing in the Whitman Numismatic Journal (January, 1966) notes "...recently I had the privilege of acquiring it for the collection of the Chase Manhattan Bank Money Museum." While the bulk of the Chase Bank collection ultimately went to the Smithsonian, the American Numismatic Society notably procured a class III 1804 dollar, this piece, and other material. Vertical gouges in neck and bust. Thick planchet, 345.0 grains, broadstruck (struck without a collar).
    4. XF45 NGC. George F. Seavey (Descriptive Catalog, 1873), #844, described as fine; Lorin G. Parmelee; Henry Chapman (3/1930), lot 44; Morgenthau (10/1935), lot 295; New Netherlands private treaty (6/17/1955); Norweb (Bowers and Merena, 11/1988), lot 3396; Donald Groves Partrick; the present coin. Plain edge. 242.3 grains, broadstruck. Die alignment 180 degrees. NGC composition analysis is 50% lead, 48% tin.

    In addition to these four specimens, two uniface die trials have traded as a single pair since 1882:

    1. EF40. Judd-A1792-1. Uniface obverse die trial, 480.8 grains. Bushnell (S.H. & H. Chapman, 6/1882), lot 1765; Garrett (Bowers and Merena, 3/1981), lot 2354; Rare Coin Review #39 (Bowers and Merena, 7/1981); The Rarities Sale (Bowers and Merena, 1/1999), lot 1011; Bob Simpson.
    2. VF30. Judd-A1792-2. Uniface reverse die trial, 432.9 grains. Bushnell (S.H. & H. Chapman, 6/1882), lot 1765; Garrett (Bowers and Merena, 3/1981), lot 2354; Rare Coin Review #39 (Bowers and Merena, 7/1981); The Rarities Sale (Bowers and Merena, 1/1999), lot 1011; Bob Simpson.

    Physical Appearance
    This silver-gray example, the only one available to collectors, exhibits moderate wear with field marks as expected for the grade. Liberty's neckline, cheek, and hair indicate light handling with wear at the high points. The lower right obverse field presents a pair of light, curved scratches, while rim dents are found at 3 o'clock and 6 o'clock. Although broadstruck, the planchet is well centered, but as a result the lettering is weakly detailed at the extremities, particularly in the upper portion of the reverse. The reverse reveals a minor scrape at the rim adjacent to the eagle's left (facing) wing, with two perpendicular scratches surrounding this area.

    Coin Index Numbers: (NGC ID# 294M, PCGS# 11036)

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    Auction Info

    Auction Dates
    January, 2015
    7th-12th Wednesday-Monday
    Bids + Registered Phone Bidders: 18
    Lot Tracking Activity: N/A
    Page Views: 5,059

    Buyer's Premium per Lot:
    17.5% of the successful bid (minimum $14) per lot.

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