LOT Old Heritage Auctions  /  2007 Summer F.U.N. Sig. Coin Auction #442  / 

671

1827/3 25C Restrike PR66 NGC.

Currency:USD Category:Coins & Paper Money / US Coins Start Price:37,500.00 USD Estimated At:1.00 - 1,000,000.00 USD
1827/3 25C Restrike PR66 NGC.
<B>1827/3 25C Restrike PR66 NGC.</B></I> B-2, High R.6. Square Base 2 in 25C. Two varieties of the celebrated 1827 quarter exist, known as Original and Restrike pieces, and they are quickly distinguished by the base of the 2 in 25C, curved or curled on the Originals, and squared on the Restrikes. <BR> The 1827 Restrike quarters are known from two distinct die states, called Period One and Period Two in the Eliasberg catalog. Perhaps these could be labeled with three different classifications like the 1804 dollars. The 1804 Original dollars are now called Class I, the unique Restrike over the Swiss thaler is called Class II, and the later 1804 Restrike dollars are called Class III. Similarly, the 1827 Original quarters could be called Class I, the Period One Restrikes could be called Class II, and the Period Two Restrikes could be called Class III. Naturally, collectors of these coins may resist such a nomenclature, as it means that three coins are required for a complete set.<BR> Like all 1827 Restrike quarters, Class II and Class III, this piece has a die crack through the right side of U in UNITED, from the border to the ring. The Class II coins, a.k.a. the Period One Restrikes, have little die rust and are struck over Draped Bust quarters. The Eliasberg specimen, the example offered by Bowers and Merena in their 1992 Somerset sale, and possibly one other piece are members of this category. It is believed that these coins were struck in the late 1850s. In his 1992 revision of the Browning reference, Walter Breen identified 14 pieces, including four examples of this Class, and 10 examples of the Class III state.<BR> The remaining examples including this piece, perhaps as many as a dozen specimens, along with the copper strikes, belong to Class III, the Period Two Restrikes. These pieces are immediately recognized by their heavy die rust on both sides. This piece is sharp enough in strike and quality that it also shows extremely heavy die polishing lines on both sides, obviously an attempt to minimize the appearance of the die rust. These later Restrikes were struck at an unknown date, probably many years after the early Restrikes.<BR> This is the fifth appearance of an 1827 quarter (all Class III) in one of our auctions since 1993, and it represents the third distinct example we have handled. The surfaces are toned steel-gray with strong underlying elements of rose, blue, and sea-green. The surfaces display the characteristic raised bumps produced when rusted dies were used to produce this restrike. The strike is razor-sharp and a few tiny hairlines are visible but these are well concealed by the toning and are obviously so minor from the grade given that they pose no threat to the technical grade of the coin.<BR><I>Ex: Heritage (7/1997), lot 6234.</B></I><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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