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: $2.83 (8/29/2015)
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.


GRADE SUMMARY

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Price Guide

Last Updated: 5/26/2015

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1815 B-1 25C MS
  GVGFVFXF5053555861626364656667686970
Base $ 200 350 575 900 2200 2650 2850 3050 3600 4250 5100 7850 15000 35000 64000 132500 - - -
$ - - - 3350 4000 - - - - 45000 - 350000 -

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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Census

 
NGC GRADE SUMMARY

Total Graded: 159
Low Grade: PrAg
Average Grade: 53
High Grade: 67


Upcoming Auctions

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Images
Date
Grade
Auction House
Sale / Lot
9/20/2015 XF 45   Heritage Auctions 2015 September 17 - 20 Long Beach Expo US Coins Signature Auction - Long Beach Session(1), 1224/Lot# 3500


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
6/18/2007 NGC F 12   David Lawrence Rare Coins Internet Auction # 151, 156/Lot# 6118 $529.00
9/4/2011 PCGS F 12   Goldberg September 4-6, 2011 The Pre-Long Beach Auction, 65/Lot# 1037 $345.00
2/7/2013 NGC AU 58   Heritage Auctions 2013 February 7 -8 & 10 US Coin Signature Auction - Long Beach Session(1), 1182/Lot# 3396 $2,702.50
2/22/2013 PCGS F 12   Stack's Bowers The March 2013 Baltimore Auction, 181/Lot# 7008 $453.55
6/3/2013 PCGS VG 8   Teletrade Auction 3433, 3433/Lot# 1638 $320.00
6/29/2014 PCGS Genuine VF   GreatCollections GreatCollections Coin Auctions 06/29/2014, 187/Lot# 172243 $900.00
10/30/2014 PCGS VF 30   Stack's Bowers November Baltimore 2014, 6039/Lot# 4149 $998.75


NGC Registry

NGC Registry Score 1815 B-1 25C MS
 PrAgGVGFVF4045505355586061626364656667686970
Base3155183304597113813771583180519382121223323352555296036835524654511047211633310052294
5316422340177712171445165718491999215822672408269032014296586480451441925142394980
000000144516571849199921582267240826903201429658648045144192514200
000000151417311893206021952301248128253442491062049546177912912100
Registry Image Gallery
Grade: MS 62
Points: 2754
Owner: rfar
 
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