1838 25C NO DRAPERY

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Sold on Jul 27, 1994 for:

$13,200.00 Bid Source: Internet bidder

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Description

1838 No Drapery MS 64. First year of the Liberty Seated design type. This example is well struck, with full radial lines in each of the stars, a strong head and cap on the obverse, and with no weakness of any kind on the eagle, shield, denticles or lettering on the reverse. The surfaces, even the wide-open fields, are nice and clean; a couple of scattered bagmarks are noted on the reverse. Over the years, this piece has acquired a light, golden toning which is both original and attractive. All in all, the eye appeal on this piece is outstanding. Despite a seemingly high mintage of 466,000 pieces, this date remains elusive in mint state. For instance, the PCGS Population Report (4/94) shows only twenty-six pieces in mint state, the best of which is a lone MS 65. In MS 64, PCGS has graded only 7 examples. From this information, it is easy to understand the importance of the piece offered here--it certainly ranks as one of the finest examples known of the date. Purchased by the consignor, Mr. Faraday, from Bill Mitkoff on 2/9/74, previously attributed to a New Netherlands sale.

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

View Certification Details from PCGS