4007

1840-O[25C] No Drapery MS64 PCGS.

Currency:USD Category:Coins & Paper Money / US Coins Start Price:650.00 USD Estimated At:1.00 - 1,000,000.00 USD
1840-O[25C] No Drapery MS64 PCGS.
<B>1840-O<25C> No Drapery MS64 PCGS.</B></I> Christian Gobrecht's Seated Liberty Quarter made its debut in 1838 with a mintage of 466,000 pieces. The Philadelphia Mint produced a further 491,146 coins in 1839, followed by the New Orleans Mint's initial delivery of 382,200 pieces in 1840. These three issues are unique in that they are the only coins in the Seated Quarter series that do not show extra drapery folds at Liberty's right (facing ) elbow. The 1840-O No Drapery is even more distinct from the 1838 and 1839 in that the denticles on the obverse are small and, in some cases essentially non-existent. This feature results in greater field area around Liberty's portrait and the peripheral stars.<BR> Along with the 1841-O, the 1840-O No Drapery was well represented in the New Orleans Hoard of 1982. As many coins from this hoard were heavily abraded and/or corroded, we suspect that the present coin was preserved in some other manner, perhaps as part of a long-time collection. Both sides display a rich, satiny sheen that swirls gently around the uncommonly clean surfaces. The strike is also impressive, being free of the often-seen softness of detail over the star centrils, Liberty's head, and the eagle's portrait. For pedigree purposes, we mention a small, powdery blue-green spot near the upper left obverse rim, just below and to the left of star 7. This is the finest example certified of this scarce issue, by PCGS. Population: 1 in 64, 0 finer (3/04).<BR><I>From the JFS Collection.</B></I> <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. </span></font></tr></table></td></tr></table>