1876 25C BG-799 MS (PCGS# 10626)

ANA09 PN

  • Auctioneer:
    Heritage Auctions
  • Lot Number:
    1378
  • Grade:
    MS65
  • Price:
    $17,250.00
Lot Description
1876 25C Indian Octagonal 25 Cents, BG-799GG, R.8, MS65 PCGS. The discovery piece and currently the only known example of this variety, which is unlisted in the 2003 second edition of the standard Breen-Gillio reference. The present coin was the subject of a May 18, 2009 Coin World article written by Heritage cataloger Brian Koller, who tentatively designated the variety as BG-799GG. The obverse die is shared with BG-799A through BG-799D, but the reverse die is previously unknown. Its distinguishing feature is the D in DOLLAR, which shows recutting within the upper half of its inner loop. PCGS has certified the coin as BG-799GG. The maker is Christopher Ferdinand Mohrig, the prolific manufacturer of BG-790 through BG-799V. Mohrig was arrested by the Secret Service on August 10, 1876, in violation of the 1864 law against private coinage. His stock and dies were seized and melted, which may explain the great rarity of BG-799GG. Most discovery pieces are in low to medium grades, but this is a full Gem with smooth and reflective yellow-gold fields. The strike is sharp aside from minor incompleteness on the wreath near 9 o'clock. Two very faint luster grazes near the jaw provide the only indication of post-strike contact. This coin will be the centerpiece of an advanced collection of small denomination gold.
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