1836 $2.50 HM-1 Block 8 MS (PCGS#764705)
The Summer 2022 Global Showcase Auction U.S. Coins
- 拍卖行
- Stack's Bowers
- 批号
- 5008
- 等级
- MS63
- 价格
- 47,573
- 详细说明
- Scarce Choice Uncirculated 1836 Quarter Eagle
1836 Classic Head Quarter Eagle. HM-1. Rarity-3. Large Head, Block 8. MS-63 (PCGS).
Die Variety: HM-1. Obverse 1: The Large Head, Block 8 combination readily attributes this obverse, which is used only in the HM-1 pairing. The style of hair curls along the top of Liberty's head is very distinct on this device punch, with deep indentations between broadly sweeping curls. There is also a prominent indentation within the curls along the back of Liberty's head. Reverse F: There is a weak, detached tongue in the eagle's mouth and small, split berry at the end of a branch stem that varies from strong to weak depending on die state. The letter D in UNITED is slightly lower than the adjacent E. Reverse F appears in the 1836 HM-1 and HM-8 pairings, the extremely rare 1837 HM-2 attribution, and the only known variety of the 1839 quarter eagle.
Die Emission Sequence: The berry stem is always strong to full on examples of this variety, indicating that the 1836 HM-1 was struck before the shared reverse HM-8 pairing of the issue. It is thought to be a product of calendar year 1836.
Die State: An early to middle die state of the 1836 HM-1 attribution, the berry stem on this piece is attenuated from die lapping, yet still complete.
Estimated Surviving Population for the Variety: 285 coins in all grades (per Daryl J. Haynor, 2020), or 13% of extant 1836 Classic Head quarter eagles.
Strike: Crisply impressed, both sides exhibit sharp to full detail from a nicely executed strike. Indeed, the 1836 HM-1 variety as a whole is one of the most consistently well produced in the entire Classic Head quarter eagle series.
Surfaces: Soft satin luster on the obverse yields to a somewhat more frosty texture on the reverse. The luster is full on both sides and blends nicely with handsome light golden-apricot color. The surfaces are uncommonly smooth for the assigned grade and would not be out of place at the near-Gem level.
Commentary: Writing of this variety Daryl J. Haynor (2020) states:
It is not too difficult to locate an 1836 HM-1 quarter eagle, as there are an estimated 285 examples, representing a Rarity-3 rating. Locating a higher end Mint State coin, however, is nearly impossible.
Clearly this upper end Choice survivor ranks among the finer known, and with its minimally abraded surfaces it a strong candidate for Condition Census standing. Whether one is assembling a high grade gold type set or specialized collection of this underrated quarter eagle series, here is a significant offering that should not be missed.
Provenance: From the Daryl J. Haynor Virginian Collection. The plate coin for the 1836 HM-1 variety in the 2020 Haynor reference on Classic Gold coinage.
PCGS Population (all die marriages of the Block 8 variety): 16; 14 finer (MS-66 finest).
PCGS# 764705. NGC ID: 25FU.
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