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1821 25C PR65 NGC. B-4, R.8 as a proof....
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Sold on Oct 27, 2014 for:
$94,000.00
Bid Source: Internet bidder
Description
1821 Capped Bust Quarter, B-4, PR65
Rare Early Proof, Only Five Examples Traced
Ex: Reed Hawn
1821 25C PR65 NGC. B-4, R.8 as a proof. Vivid shades of
gunmetal-gray, steel-blue, and greenish-gold toning enhance the
well-preserved fields of this delightful early proof, while hints
of frosty brilliance cling to the central devices. The design
elements exhibit pinpoint definition in most areas, but a few of
the upper stars are flat at the centers and the eagle's right
(facing) claw is a little soft. The fields are deeply reflective
under the toning, and definite field-device contrast is evident
when the coin is tilted in the light.Variety: Star 7 points to the headband and small die lines connect the lower leaf to the dentils, identifying the B-4 die variety. This coin is the only verified proof specimen of this variety, but another example was reported in the literature nearly 70 years ago (see Additional Appearances below).
Population Data (7/14): NGC has graded four proof specimens, one each in PR67, PR65 (the present coin), PR64+, and PR64. PCGS has graded only one coin, a PR67 example. These totals may include some resubmissions and crossovers, as we know the Smithsonian coin (see roster below) has not been submitted for certification. PCGS CoinFacts estimates the surviving population at four or five pieces in all grades.
Heritage Commentary: This coin is the second or third finest known example of this rare early proof issue. Two PR67 coins are listed in the population data, one at NGC and one at PCGS, but we suspect those represent the same coin, from the Eliasberg Collection, which was graded PR66 uncertified in its last auction appearance. Our roster below includes five different coins from three different die varieties. Three of the five known proofs represent the B-5 variety. This coin is the only proof example of the B-4 variety that can be traced with any certainty, although another specimen was offered in two auctions many years ago. This coin combines high technical quality, stunning visual appeal, and absolute rarity in one irresistible package. It may be many years before a comparable example becomes available, so advanced collectors should bid accordingly.
Roster of 1821 Proof Quarters
Grades are per last auction appearance. Some coins may have been submitted (or resubmitted) to the grading services since then. Coins are listed in Browning variety order.
1. PR64 NGC, B-3. Norweb Collection (Bowers and Merena, 3/1988), lot 1534; Auction '89 (Superior, 7/1989), lot 568; Rarities Sale (Bowers and Merena, 8/1996), lot 98; Central States Signature (Heritage, 4/2009), lot 2330; Long Beach Signature (Heritage, 9/2010), lot 3913.
2. PR65 NGC, B-4. Seen by Walter Breen in the 1950s; Reed Hawn; Hawn Collection (Stack's, 3/1977),lot 271; Paramount Rare Coin List 18-19 (1978); Auction '80 (Superior, 8/1980), lot 116; Bernard Turkus Collection (Superior, 6/1981), lot 513; Albert O. Woods Collection (Superior, 9/1986), lot 3434; Auction '90 (Superior, 8/1990), lot 1070; (Superior, 2/1999), lot 698, realized $48,875. The present coin.
3. PR66 uncertified, B-5. Thomas Cleneay Collection (S.H. & H. Chapman, 12/1890), lot 1332; Louis E. Eliasberg, Sr.; Eliasberg Collection, Part II (Bowers and Merena, 4/1997), lot 1383, realized $121,000.
4. PR65, uncertified, B-5. National Numismatic Collection, Smithsonian Institution.
5. Brilliant Proof, uncertified, B-5. Samuel W. Wolfson Collection (Stack's, 5/1963), lot 783; Ellis and Doris Robison; Robison Collection (Stack's, 2/1982), lot 1277; Auction '85 (Stack's, 7/1985), lot 1662; 64th Anniversary Sale (Stack's, 10/1999), lot 320.
Additional Appearances
Appearances are in chronological order.
A. Proof, B-5. George Earle Collection (Henry Chapman, 6/1912), lot 3054.
B. Proof, variety unknown. Exhibited by Howard Rounds Newcomb at the 1914 ANS Exhibition.
C. Proof, B-4. F.C.C. Boyd; World's Greatest Collection, Part II (Numismatic Gallery, 3/1945), lot 78; Adolph Friedman; ANA Convention Auction (Numismatic Gallery, 8/1946), lot 424, unplated in either catalog, descriptions seem to indicate a later die state than number 2 above.
D. Proof, B-3. A specimen in the possession of David M. Bullowa, shown to Walter Breen on March 18, 1952.
Note: The coin in lot 1381 of the Eliasberg Collection, Part II (Bowers and Merena, 4/1997) was called a proof by Walter Breen, but the catalogers of the Eliasberg sale classified it MS63 Prooflike.
Coin Index Numbers: (NGC ID# 27HA, PCGS# 5366, Greysheet# 5069)
Weight: 6.74 grams
Metal: 89.24% Silver, 10.76% Copper
Auction Info
2014 October 27 The Eugene H. Gardner Collection II US Coins Signature Auction - New York #1214 (go to Auction Home page)
Auction Dates
October, 2014
27th
Monday
Bids + Registered Phone Bidders: 36
Lot Tracking Activity: N/A
Page Views: 1,738
Buyer's Premium per Lot:
17.5% of the successful bid per lot.
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