1836 $2.50 HM-7 Block 8 MS(PCGS#764706)

The Summer 2022 Global Showcase Auction U.S. Coins

拍卖行

Stack's Bowers

批号

5013

等级

MS61

价格

34,749

详细说明

Very Rare HM-7 Variety of the 1836 $2.50 Condition Census Mint State Preservation 1836 Classic Head Quarter Eagle. HM-7. Rarity-6. Head of 1837, Block 8, No Berry. MS-61 (PCGS). Die Variety:HM-7. Obverse 5: Head of 1837 with Liberty's nose, forehead and front of the fillet forming a nearly straight line. Distinguished from Obverses 3 and 6, the other Head of 1837 obverse dies of this issue, by a block 8 in the date and star 6 pointing to the upper edge of the fillet, respectively. HM-7 represents the only use of this obverse die. Reverse E: The only reverse of the issue with no berry in the branch. The 1836 HM-7 joins the 1835 HM-3, 1836 HM-3 and 1836 HM-4 as one of four uses of this workhorse reverse die. Die Emission Sequence: This attribution represents the final use of Reverse E in the Classic Head quarter eagle series, examples struck after the 1836 HM-4, 1835 HM-3 and 1836 HM-3 pairings. Die State: The paucity of 1836 HM-7 quarter eagles is due to a small press run caused by the early break up of Obverse 5. Evidence for this is clearly seen on the offered coin, which shows three prominent cracks: a branching one at the back of Liberty's head to the border between stars 11 and 12; from the lower border through the digit 6 in the date and into the portrait; and from the border between stars 3 and 4 through Liberty's nose, cheek and ear. The reverse of this piece exhibits a crack from the eagle's right wing tip through the letters ST in STATES. Branches from this crack extend to the top of the adjacent A and, more prominently, through the bases of the letters ATES. There is a die chip between the left upright and diagonal of the letter N in UNITED. This is the only die state known for the attribution. Estimated Surviving Population for the Variety: Just 22 coins in all grades (per Daryl J. Haynor, 2020), or only 0.9% of extant 1836 Classic Head quarter eagles. Strike: Softly struck in the centers, and more so than usual for an early date Classic Head quarter eagle, although this feature is perhaps insignificant given the rarity of this die pairing. For accuracy's sake we note considerable bluntness to Liberty's ear, the surrounding hair curls, the curls above the forehead, the upper edge of the fillet, and on the reverse over and around the left half of the shield. The dies were obviously spaced too far apart in the press, as often noted for the issue, and typically the detail is considerably sharper toward the borders. Surfaces: Vivid golden-yellow surfaces reveal subtle olive highlights under a light. The texture is frosty with good luster quality and a very smooth appearance for the assigned grade. A thin, shallow graze in the right obverse field above the die crack is a useful identifier for tracing this significant coin through future market appearances. Commentary: Among circulation strike die pairings of the 1836 Classic Head quarter eagle issue, only HM-3 is rarer than HM-7. Given its extreme rarity, in fact, it is little wonder that the 1836 HM-7 is a variety seldom offered in today's market. All of the auction offerings that we have traced for coins attributed to these dies were for circulated, if not also impaired coins. The Virginian Collection specimen is the only Mint State 1836 quarter eagle attributed as HM-7 by PCGS, and it certainly qualifies as Condition Census for the die pairing. An important bidding opportunity that demands attention from advanced Classic Head gold coinage specialists. Provenance: From the Daryl J. Haynor Virginian Collection. The plate coin for the 1836 HM-7 variety in the 2020 Haynor reference on Classic Gold coinage. PCGS Population (HM-7 attribution only): 3 in all grades, of which this MS-61 if the only Mint State example. PCGS# 764706. NGC ID: 25FU. Click here for certification details from PCGS. Image with the PCGS TrueView logo is obtained from and is subject to a license agreement with Collectors Universe, Inc. and its divisions PCGS and PSA. Click here to see Coins in Motion.[“Coins]