6062

1838[25C] No Drapery MS65 NGC.

Currency:USD Category:Coins & Paper Money / US Coins Start Price:1.00 USD Estimated At:1.00 - 1,000,000.00 USD
1838[25C] No Drapery MS65 NGC.
<B>1838<25C> No Drapery MS65 NGC.</B></I> 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.<BR> Writing in 1991, Larry Briggs says of this issue: "Head, stars, and obverse dentils are poorly struck." Obviously, the author did not have the opportunity to examine the present example, as most detail on both sides is fully brought up, save for some of the denticulation. There are also remarkably few abrasions for the type. Fully frosted, completely untoned, and undeniably attractive. NGC and PCGS combined report only six coins in MS65 and seven finer (4/04). <BR><BR><B>Important notice:</B> Heritage usually auctions material at the rate of 200-250 lots per hour. On some occasions eBay Live bid software or the Internet may not be able to keep up with the pace of the auction. We recommend placing a realistic absentee bid now as insurance to avoid disappointment. Occasionally the auctioneer may eliminate or reject an eBay Live bid, and the auctioneer may also reopen a lot after the close of the eBay live bidding (usually because we missed an audience bid), and may reject your bid even if it shows you as the winning bidder. By bidding via eBay Live, you agree that Heritage may award the lot to another bidder at its sole discretion under the circumstances described above or any other reasonable circumstances. Since eBay bids are not shown to us until we open the lot on the floor, we treat those bids just like floor bids. In most cases the floor responds before the eBay bid is presented to us, due to Internet lag time, so for consistency we have made it a policy that floor bids are always considered first over tie eBay live bids. Also please note that all Heritage lots purchased through eBay Live carry a 20% Buyer's Premium. Please make sure you read the Terms and Conditions before you bid.