LOT Old Heritage Auctions  /  2007 (ANA) Signature Coin Auction #444  / 

1652

1827/3 25C Restrike PR62 NGC

Currency:USD Category:Coins & Paper Money / US Coins Start Price:28,000.00 USD Estimated At:1.00 - 1,000,000.00 USD
1827/3 25C Restrike PR62 NGC
<B>1827/3 25C Restrike PR62 NGC.</B></I> B-2, High R.6. Only two die marriages of 1827-dated quarters are known, and both are very rare. They share the same obverse die, but are readily distinguished since B-1 has a Curl Base 2 in the denomination, while B-2 displays a Square Base 2 in 25 C. In a 2002 article published in Bowers and Merena's <I>Rare Coin Review,</B></I> researcher Karl Moulton concluded there were five emission periods for the 1827-dated quarters: 1. B-2 close collar experimental pieces overstruck on Capped Bust quarters, made in 1827. 2. B-1 open collar pieces, struck in 1827 for Mint officers. 3. B-2 open collar rusted silver restrikes, struck circa 1876. 4. B-2 open collar rusted <I>copper</B></I> restrikes, made circa 1877. 5. B-2 open collar "Die Scrape" silver restrikes, circa 1877 to 1878.<BR> Moulton omits a photograph of the die damage that distinguishes his fifth emission period from his third. These two periods constitute about half of all known 1827/3 quarters, and nearly all of the silver B-2 pieces, since only two close collar examples are known. The present piece is likely from Moulton's third emission, since no relevant die scrapes or damage is present on Liberty's neck. The surreptitious Mint restrikes from 1876 to 1878 were made to meet collector demand for 1827 quarters, and were struck in the same time frame (and for much the same reason) as the Class II and Class III 1804 dollars.<BR> Approximately fifty years passed between the B-2 close collar originals and the later open collar restrikes from the same dies. The dies had rusted during this long period, and to improve their eye appeal, were polished prior to use. The dozen-plus known silver restrike B-2 quarters are thus classified as proofs.<BR> The present lot is a beautiful specimen, well struck aside from the center of star 8. The deep golden-brown, olive, and gunmetal-gray toning appears original. The surfaces are far smoother than is customary for the PR62 grade, although of course the fields display rust and heavy die polish lines, as struck. A highly desirable example certain to be the centerpiece of an advanced variety collection of Capped Bust quarters. Census: 1 in 62, 8 finer (6/07).<BR><BR><B>Coin Engraver:</B> John Reich<BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>\)
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