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: $2.74 (11/25/2015)
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 -

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

Upcoming Auctions

A random selection of NGC coins is shown below.

Auction House
Sale / Lot
12/6/2015 AU 55   Heritage Auctions 2015 December 3 - 6 Houston Money Show US Coins Signature Auction - Houston Session(3), 1227/Lot# 4272

Auction Prices Realized

A random selection of coins is shown below.

Auction House
Sale / Lot
1/22/2001 NGC MS 63   Teletrade Auction 1398, 1398/Lot# 1183 $3,210.00
1/25/2004 PCGS MS 63   Goldberg January 25-28, 2004 Pre-Long Beach Coin and Currency Auction, 23/Lot# 2061 $4,370.00
6/18/2007 NGC F 12   David Lawrence Rare Coins Internet Auction # 151, 156/Lot# 6118 $529.00
1/3/2012 NGC VG 10   Heritage Auctions 2012 January 4-8 US Coins & Platinum Night FUN Signature Auction- Orlando Session(9), 1166/Lot# 10774 $359.95
10/28/2012 NGC Details FA Details  Heritage Auctions Internet Coin Auction Session(2), 131245/Lot# 26856 $50.00
2/22/2013 PCGS F 12   Stack's Bowers The March 2013 Baltimore Auction, 181/Lot# 7008 $453.55
6/29/2014 PCGS Genuine VF   GreatCollections GreatCollections Coin Auctions 06/29/2014, 187/Lot# 172243 $900.00
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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