NOT SOLD (BIDDING OVER)
0.00USD+ applicable fees & taxes.
This item WAS NOT SOLD. Auction date was 2005 Jan 11 @ 09:00UTC-8 : PST/AKDT
A landmark rarity in American numismatics and one of only 5 specimens traced, this being the highest certified by a third-party grader. The brilliant surfaces exhibit delicate and lightly mottled gold on the obverse, while on the reverse, magenta and gold toning. Deep mirror fields. Exquisitely detailed in all areas. About on a par with the Norweb Collection coin sold in March 1988, the Eliasberg specimen of this famous date is from the holdings of Jerome David Kern, the American composer.
In 1842 a small number of Proofs, possibly fewer than 10 or 15, were struck for collectors, presentation to foreign personages, use by government officials, and so on. The Proof obverse die was prepared by using a very small date logotype, thus creating the Small Date." By contrast, dies used to strike business or regular production issues had the date in larger numerals. The 1842 Small Date quarter are believed to have been issued only as part of 1842 silver Proof sets (or, in another possibility, to fill requests for individual Proofs, but this is unlikely); no examples were made for general circulation or, so far as is known, for individual numismatic sale.
Presumably the 1842 Small Date obverse dies in the this and the half dollar series were made early in the year 1842, at which time it was thought that the logotype was too small, and the later business strikes, constituting the majority, were of the Large Date format. This would also explain the rarity of the 1842-O Small Date quarter and half dollar.
The registry of pieces known to exist includes the following: (1) ANA Specimen; (2) Smithsonian Specimen; (3) This Ex Eliasberg specimen; (4) Shilke Specimen; and (5) Stack specimen.
Even allowing for the specimens not accounted for in the preceding list, it is apparent that the population of the 1842 Small Date quarter ranks it as one of the greatest of all American classic silver rarities. The precise number known is not certain, but a reasonable estimate would be from the five pieces listed to seven, at least two of which are permanently impounded in museums. The coin as it now appears is in PCGS holder 50033476 with the proper labeling as being from the Eliasberg collection.
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SUPERIOR GALLERIES TERMS AND CONDITIONS OF SALE TERMS AND CONDITIONS OF SALE -- 1. This is a public auction sale conducted by bonded Auctioneers. The bonded Auctioneer is Superior Galleries, Inc. (hereinafter referred to as "Auctioneer" and at times as "Superior"). 2. Bidding in this sale constitutes acceptance by you of all the Terms and Conditions of Sale stated herein, ("Bidder).
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ALL ITEMS OFFERED IN THIS CATALOGUE ARE GUARANTEED TO BE AUTHENTIC. THIS IS A LIMITED WARRANTY THAT THE ITEM SOLD IS NOT COUNTERFEIT, THAT ITS DATE OR MINTMARK HAS NOT BEEN ALTERED, AND THE ITEM HAS NOT BEEN "REPAIRED." ANY OTHER WARRANTY IS EXPRESSLY DISCLAIMED; THERE IS NO REPRESENTATION OR WARRANTY THAT A NUMISMATIC ITEM HAS OR HAS NOT BEEN CLEANED; THAT ANY TONING IS NATURAL OR ARTIFICIAL; THAT ANY ITEM WILL MEET THE STANDARDS OR GRADE OF ANY INDEPENDENT GRADING SERVICE; THAT ANY ITEM HAS A PARTICULAR PROVENANCE OR PEDIGREE, OR THAT AN ITEM IS STRUCK OR PRODUCED IN A PARTICULAR STYLE. ANY STATEMENT CONCERNING THIS IS A MATTER OF OPINION ONLY. NO WARRANTY, WHETHER EXPRESSED OR IMPLIED, INCLUDING A WARRANTY OF MERCHANTABILITY IS MADE WITH RESPECT TO ANY GRADE DESCRIPTION OR VALUE, WHICH IS ONLY AN OPINION THAT IS LIKELY TO DIFFER, EVEN AMONG EXPERTS. PURCHASER HEREBY ASSUMES ALL RISKS CONCERNING AND RELATED TO THE GRADING OF A LOT.
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29. If a dispute arises concerning ownership of a lot that has been bid upon, Superior reserves the right to commence a statutory interpleader proceeding at the expense of the Consignor and successful Bidder and any other applicable party, and in such event shall be entitled to its reasonable attorneys' fees and costs.
30. Superior reserves the right to postpone the auction sale or any session thereof for a reasonable period of time for any reason whatsoever. No Bidder shall have any claim as a result thereof, including incidental or consequential damages.
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33. If the Bidder fails to comply with one or more of these Terms and Conditions of Sale, then, in addition to all other remedies which it may have at law or in equity, Superior may at its sole option, either (a) cancel the sale, retaining all payments made by Bidder as liquidated damages, it being recognized that actual damages may be speculative or difficult to compute, or (b) sell a portion or all of the lot(s) held by Superior, in a quantity sufficient in the opinion of Superior to satisfy the indebtedness, plus all accrued charges. More than one such sale may take place at the option of Superior. Notice of the sale shall be by U.S.P.S. Certified Mail, Return Receipt Requested to the address utilized on the Bid Sheet, Auction Consignment and Security Agreement or other last known address by Superior. Such sale will be at Superior's standard commission rates at public or private sale. The proceeds shall be applied first to the satisfaction of any damages occasioned by Bidder's breach, then to any other indebtedness owed to Superior, including without limitation, commissions, handling charges, the expenses of both sales, reasonable attorneys' fees, costs, collection agency fees and costs and any other costs or expenses incurred. Bidder is also liable to Superior if the proceeds of such sale or sales is insufficient to cover the indebtedness.
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Bidder acknowledges and agrees that the competent courts of the State of California shall have exclusive jurisdiction over any dispute(s) arising hereunder, and Bidder hereby agrees that any dispute arising hereunder shall be litigated exclusively in the courts of the State of California, regardless of any party's current or future residence or domicile. Bidder further agrees that venue shall be in the Superior Court for Los Angeles County, in the State of California.
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