Coin Specifications

Category: Early Quarters (1796-1838)
Mint: Philadelphia
Mintage: 89,235
Catalog: KM-44
Obverse Designer: John Reich
Reverse Designer: John Reich
Composition: Silver
Fineness: 0.8920
Weight: 6.7400g
ASW: 0.1933oz
Melt Value: $2.96 (10/4/2015)
Diameter: 27mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
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1815 B-1 25C MS obverse 1815 B-1 25C MS reverse

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Description & Analysis

Certain 1815 and 1825/3 Capped Bust quarters display E and L countermarks about the upper obverse rim. The meaning of these countermarks is not known for sure, but Karl Moulton, who has been studying these pieces for quite some time, asserts that the first example, an 1815, appeared in Captain John W. Haseltine's December 12, 1881 sale. Although these pieces were absent from earlier numismatic circles, they suddenly flooded auctions throughout 1882 and 1883. Moulton believes that the death of William DuBois in July 1881 may be connected to the sudden appearance of these pieces. DuBois had served as Assayer at the Philadelphia Mint and also as curator of the Mint Collection. It is possible that the countermarked 1815 and 1825/3 quarters were dispersed to prominent dealers following DuBois' death. The high grade of these pieces, coupled with the fact that other numismatic rarities such as the 1804 silver dollars surfaced at this time, seems to support Moulton's theory.

The circumstances surrounding the production of these pieces is still cause for debate. It is obvious that the E and L counterstamps were added to the coins sometime after striking. Whether or not the letters were impressed at the Mint is not known. All of the countermarked 1825 quarters are of the 1825/3 B-2 die variety. Some authors claim that these countermarked coins served as weight standards at the Philadelphia Mint. Breen, among others, asserts that the letters were added to denote English and Latin, respectively. He believes that the coins were then distributed to students at local schools as awards for contests. Mark Hotz claims that these letters were impressed to indicate adjustments to the screw presses. The countermarked coins were then released into circulation, thus enabling the Mint to trace wear patterns and see which press adjustment produced the best coins.

Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.


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Price Guide

Last Updated: 9/10/2015

Click on a price to see historical prices, comparison charts and trends.

1815 B-1 25C MS
Base $ 200 350 575 900 2200 2650 2850 3050 3700 4250 5100 7850 15000 36500 64000 127500 - - -
$ - - - 3350 4000 - - - - 45000 - 365000 -

The World Coin Price Guide is independently compiled by Krause Publications’ NumisMaster. NGC makes this information available to its website visitors as a free service, but in no way does the information provided represent NGC’s official opinion or policy. For example, varieties listed in the World Coin Price Guide may not necessarily be recognized by NGC. Please contact NGC Customer Service with any questions.

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Total Graded: 160
Low Grade: PrAg
Average Grade: 53
High Grade: 67

Upcoming Auctions

Auction Prices Realized

A random selection of coins is shown below.

Auction House
Sale / Lot
9/4/2011 PCGS F 12   Goldberg September 4-6, 2011 The Pre-Long Beach Auction, 65/Lot# 1037 $345.00
6/3/2013 PCGS VG 8   Teletrade Auction 3433, 3433/Lot# 1638 $320.00
11/1/2013 PCGS VG 8   Heritage Auctions 2013 November 1 - 3 US Coin Signature Auction - New York Session(5), 1191/Lot# 7533 $352.50
5/18/2014 PCGS AG 3   David Lawrence Rare Coins Internet Auction # 804, 813/Lot# 10112 $120.00
6/29/2014 PCGS XF 40   GreatCollections GreatCollections Coin Auctions 06/29/2014, 187/Lot# 184677 $2,050.00
10/30/2014 PCGS VF 30   Stack's Bowers November Baltimore 2014, 6039/Lot# 4149 $998.75
1/7/2015 PCGS AU 58   Heritage Auctions 2015 January 7 - 12 FUN US Coins Signature Auction - Orlando Session(3), 1216/Lot# 4533 $5,405.00

NGC Registry

NGC Registry Score 1815 B-1 25C MS
Registry Image Gallery
Grade: MS 62
Points: 2754
Owner: rfar
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