1827 $2.50 MS(PCGS#7666)

The June 2012 Baltimore Auction

拍卖行

Stack's Bowers

批号

4127

等级

MS65

价格

597,382

详细说明

Incredible Gem 1827 Capped Head Left Quarter Eagle Rarity NGC MS-65, and Tied for Finest Certified 1827 Capped Head Left Quarter Eagle. BD-1, the only known dies. Rarity-5. MS-65 (NGC). Satiny and overall smooth, this inviting Gem sports even medium gold patina to both sides. The challenging Capped Head Left quarter eagle series of 1821-1834 is not always encountered well struck -- when encountered at all in today's market -- although the present example is sharply, if not fully defined throughout. Tied for finest certified 1827 quarter eagle with a PCGS MS-65, and a lovely coin that would form the centerpiece of even the most advanced numismatic cabinet. Among early 19th century American gold coins the 1827 quarter eagle has one of the lowest mintages: just 2,800 pieces. Today this is recognized as the second rarest date of its type. The appearance of any1827 quarter eagle is a special event and the offering of the present Gem MS-65 can be viewed as a very memorable occasion! Indeed, the production quantity may even be less than stated in the Report of the Director of the Mint. In calendar year 1827, some 2,800 quarter eagles were delivered in one batch on February 19. It seems likely that some of the pieces were from the 1826 obverse die. In this era the mintages do not always correlate with the dates on the obverse dies. In 1975 David W. Akers considered the 1827 to be very rare, challenging the 1826 in this regard. Moreover, "Choice specimens of this date are extremely rare and are, in my opinion, less available than for any other date of this type." Today it is virtually impossible to ascertain the number of different1827 quarter eagles in existence, as certain pieces have been resubmitted for third-party certification multiple times. Q. David Bowers in his research notes on quarter eagles estimates that about 20 to 30 are known in circulated grades, mostly EF and AU. As to Mint State, not allowing for "gradeflation" the net is probably about 10. With some AU coins moving up the ladder to lower Mint State levels, today the number is probably around 15. A single pair of dies was used, described as follows: Obverse: Widely spaced date; base of 7 directly above dentil and closer to border than any other digit. Large stars. Details: Large stars (as also in 1826). Stars 1, 2, and 6 to 11 have rays which point to the center of a dentil or nearly to the center. Reverse: 1 in numerator of 1/2 leans left; 2 touches fraction bar; fraction bar extends far left of tip of lowest arrow feather; definitive. Details: Base of 2nd T (STATES) higher above ribbon than other letters in word. Top of O (OF) higher than top of F. M (AMERICA) in a taller font than adjacent E. This identical die was used to coin some quarter eagles of 1825 and all of 1826 and 1827. Quick reference point: Large 2 in 2 1/2 is close to leaf. Some or all 1827 quarter eagles have a faint trace of clashed dies in the reverse field, below the left side of the scroll, from contact with the 1826 obverse die during the 1826coinage. PCGS# 7666. Combined PCGS and NGC Population: just 2; and none are finer at either service.