Sold for: Sign-in or Join (free & quick)
includes Buyer's Premium (BP) 

    Description

    1840-O No Drapery Quarter, MS65
    Single Finest PCGS-Certified

    Possible New Orleans Hoard Coin

    1840-O 25C No Drapery MS65 PCGS. Large O. Construction had begun for a new Meridien Hotel on Canal Street near the New Orleans French Quarter on October 29, 1982, when earthmoving equipment brought forth a treasure trove of silver coins. New Orleans coin dealer James H. Cohen reported certain details to Coin World slightly under one month later. No accounting exists of the hoard that is said to have contained considerable quantities of Spanish-American silver coins. For U.S. numismatists, New Orleans Mint Seated quarters were well represented. Most of those coins were 1840-O and 1841-O quarters, along with a single AU 1842-O quarter that suggests the date of burial.

    In American Coin Treasures and Hoards (pp. 63-65), Q. David Bowers describes the typical piece from the New Orleans treasure: "Survivors from this hoard can be identified by having a somewhat matte-like surface, usually with some traces of gray or black in areas." The present Gem appears much like that description, with matte-like luster beneath medium gold toning over both surfaces, and splashes with minimal black and gray patina. Although undocumented as such, this piece is likely an extraordinary find from a famous hoard, considerably increasing its importance to numismatics today.

    PCGS has certified 125 No Drapery quarters in all Mint State grades, but only 17 of those are 1840-O quarters, and the specimen offered here is the only MS65 of that issue, the single finest 1840-O No Drapery quarter that PCGS has certified. In fact, that grading service has only certified 11 submissions of the three-year design type in MS65 or better grades. We have offered just one other Gem example of this issue, a MS65 NGC coin that appeared a dozen years ago in our January 2001 FUN Signature sale.(Registry values: P6) (NGC ID# 23SG, PCGS# 5393)


    Fees, Shipping, and Handling Description: Coins & Currency (view shipping information)

    Sales Tax information  | PCGS Guarantee of Grade and Authenticity  |  Terms and Conditions

    Bidding Guidelines and Bid Increments

    Glossary of Terms

    Auction Info

    Auction Dates
    April, 2013
    24th-28th Wednesday-Sunday
    Bids + Registered Phone Bidders: 9
    Lot Tracking Activity: N/A
    Page Views: 868

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

    Heritage membership

    Join Now - It's Free

    VIEW BENEFITS
    1. Past Auction Values (prices, photos, full descriptions, etc.)
    2. Bid online
    3. Free Collector newsletter
    4. Want List with instant e-mail notifications
    5. Reduced auction commissions when you resell your
      winnings 
    Consign now
    • Cash Advances
    • More Bidders
    • Trusted Experts
    • Over 200,000 Satisfied Consignors Since 1976
    Consign to the 2017 June 21 - 23 World Coins Signature Auction - Hong Kong.

    Learn about consigning with us

    I have a feeling you will leave behind your logo of the 'third largest auction house', to the soon be the: 'leading auction house in the USA'
    A.D.,
    n/a
    View More Testimonials

    HA.com receives more traffic than any other auction house website. (Source: Similarweb.com)

    Video tutorial

    Getting the most out of search

    Recent auctions

    2017 February 16 - 19 Long Beach Expo US Coins Signature Auction - Long Beach
    2017 February 16 - 19 Long Beach Expo US Coins Signature Auction - Long Beach
    REALIZED $11,096,031
    2017 January 17 - 18 World Coins Signature Internet Auction - Dallas
    2017 January 17 - 18 World Coins Signature Internet Auction - Dallas
    REALIZED $2,406,663
    2017 January 5 - 9 FUN World Currency Signature Auction -
    2017 January 5 - 9 FUN World Currency Signature Auction -
    REALIZED $1,283,235