1838 25C No Drapery MS65 NGC....

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Gem 1838 No Drapery Quarter

1838 25C No Drapery MS65 NGC. The device punches for what would become the Seated Liberty quarter were completed by Christian Gobrecht during the summer of 1838. After 20 "specimens" were sent to Treasury Secretary Levi Woodbury, regular production commenced on September 29. The Philadelphia Mint produced at least 466,000 examples this year, all of which, like their 1839 and 1840-O No Drapery counterparts, lacked obverse drapery folds at Liberty's right (facing) elbow.
All three of these issues are scarce in problem-free Uncirculated preservation, and what few coins have been certified at the upper reaches of the Mint State grading scale are usually snatched up quickly by type collectors when they appear on the market. This example sports an uncommonly bold strike, and there are remarkably few abrasions for the type. It is frosty and undeniably attractive with just a hint of golden patina over the obverse. Census: 5 in 65, 3 finer (11/09).
From The Five Point Collection.(Registry values: P5)

Coin Index Numbers: (NGC ID# 23SE, PCGS# 5391, GSID# 5108)

Metal: 90% Silver, 10% Copper
Weight: 6.68 grams
ASW: 0.19329oz
Mintage: 466,000

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