LOT #1082 |
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1827/3 25C Restrike PR66 NGC....
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Sold on Jul 31, 2009 for:
$69,000.00
Bid Source: HA.com/Live bidder
Description
Classic Rarity 1827/3 Quarter, B-2, PR66
Tied for Finest Certified, Restrike
1827/3 25C Restrike PR66 NGC. B-2, High R.6, Square Base 2
in 25C. During the third quarter of the 19th century, when coin
collecting first became a popular hobby in this country, the Big
Three coins in American numismatics were the 1804 dollar, the 1802
half dime, and the 1827/3 quarter. Collector demand for these dates
was overwhelming and, in the case of the dollar and quarter issues,
original dies were still on hand at the Mint. Giving in to
temptation, Mint officials restruck specimens of these dates for
private sale to favored collectors on more than one occasion. The
effects of extensive rust on both obverse and reverse dies can be
seen on the coin offered here, indicating this piece is a Restrike
example, probably produced circa 1876, during Mint Director Henry
Linderman's second tour at the Mint. Linderman was known for the
large number of numismatic delicacies created during his tenure,
and his collection featured two examples of the 1827/3 Restrike
quarters when it was offered by Lyman Low after his death.In Early United States Quarters 1796-1838, Steve Tompkins mentions another feature observed on some 1827/3 quarters, a small dent at the base of Liberty's throat, near the lower curl, caused by some damage to the die. This dent does not appear on Original 1827/3 quarters, nor on the copper Restrikes from rusted dies that have appeared over the years. Some examples of the silver Restrikes from rusted dies are known without this feature, but it appears on at least seven Restrike specimens, including the present coin. This feature clearly indicates the coin offered here must be part of the final emission from these dies.
Auction descriptions of the Restrike quarters began appearing in the 1880s, usually referring to "roughness in the dies" caused by the extensive rust. An example of such an appearance is found in the Burton Collection (Woodward, 10/1881), lot 694. Woodward stated, "1827 Splendid proof; rev. shows slight roughness in the die; this is the rarest quarter in the series; it was purchased at the Haines sale for $160. See Haines Catalogue for illustration." Woodward's short commentary might well describe the present coin, as far as it goes. If one of the rare plated copies of the Ferguson Haines Sale (Woodward, 10/1880) was available for consultation, it would be interesting to attempt a plate match.
The coin offered here is a magnificent specimen of this classic date. The deeply mirrored fields are enhanced by lovely iridescent shades of blue, rose, gold, and gray toning. The usual effects of die rust can be observed on both sides, and heavy die striations can be seen in the pristine fields. NGC has certified only one specimen at the Premium Gem proof level, with none finer; while PCGS has graded two examples in PR66, with none finer (6/09).
Coin Index Numbers: (NGC ID# 23SA, PCGS# 5374, GSID# 5076)
Metal: 89.24% Silver, 10.76% Copper
Weight: 6.74 grams
ASW: 0.19338oz
Mintage: 12
Auction Info
2009 August Los Angeles, CA US Coin Auction #1128 (go to Auction Home page)
Auction Dates
Jul-Aug, 2009
31st-2nd
Friday-Sunday
Bids + Registered Phone Bidders: 6
Lot Tracking Activity: N/A
Page Views: 1,700
Buyer's Premium per Lot:
15% of the successful bid per lot.
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