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SERIES: Capped Bust Quarters 1820-1838
LEVEL: Year, MintMark, & Major Variety

1827/3 25C Original (Proof)

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PCGS PR64
PCGS #:
5373
Diameter:
27.50 millimeters
Designer:
John Reich
Weight:
6.74 grams
Edge:
Reeded
Mintage:
12
Metal Content:
89.2% Silver, 10.8% Copper
Auction Record:
$411,250 • PCGS PR64 • 6-23-2014 • Heritage
 
Rarity and Survival Estimates (Explain)
Grades Survival
Estimate 
Numismatic
Rarity 
Relative Rarity
By Type 
Relative Rarity
By Series 
All Grades 8 R-9.6 8 / 9 15 / 16
60 or Better 5 R-9.7 8 / 9 15 / 16
65 or Better 2 R-9.9 4 / 9 TIE 9 / 16 TIE
Condition Census (Explain) Show more rows
Pos Grade Thumbnail Pedigree and History
1 PR66+CAM PCGS grade
Wayne Burt #2
 
Jeremiah Colburn Collection - John F. McCoy Colletion - W. Elliot Woodward 3/1864:508, $227 - Heman Ely Collection - W. Elliot Woodward 1/1884:244, $215 - George Massamore (as agent for the following) - T. Harrison Garrett Collection - Robert Garrett Collection - John Work Garrett Collection - Johns Hopkins University Collection - Bowers & Ruddy 3/1980:641 (as Raw PR65), $190,000 - Knoxville Collection - Jay Parrino (The Mint) - D. Brent Pogue Collection - Stack’s/Bowers & Sotheby’s 5/2015:1076 (as PCGS PR65 31385748), $705,000
2 PR65 PCGS grade  
3 PR64 PCGS grade
Wayne Burt #6
 
Pedigree marker: spot above head, two faint scratches running along the bust line just before the junction of the bust and throat; mark in field above first star (and right of second star)
 
Browning Plate Coin
 
George F. Seavey Collection - W. H. Strobridge 6/1873, not sold (Lorin G. Parmelee purchased the collection intact before the auction took place) - Lorin G. Parmelee Collection - New York Stamp & Coin Co. 6/1890:975, $171 - Col. E.H.R. Green - B.G. Johnson (invoice 6/29/1943) - F.C.C. Boyd Collection - Numismatic Gallery “World’s Greatest Collection” 3/1945:89, $2,400 -  Will W. Neil Collection - B. Max Mehl 6/1947:897, $1,700 - James A. Stack Collection - Stack’s 2/1975:29, $50,000 - Paramount International Rare Coin List 6/1975 - Dan Drykerman - Bowers & Merena 5/1992:1172 (as Raw Proof-63 or so), $60,500 (plate-matched to the following) - O’Connor Numismatics, offered in 2007 - subsequently graded PCGS PR64 50052511)
 
Plate matching by Rory Rea confirmed that the Browning plate, World’s Greatest Collection, Will W. Neil, James A. Stack, Somerset Collection, and O’Connor coins are the same.
3 PR64 PCGS grade  

Arthur G. Coffin - William Strobridge 11/1875:1236 - Thomas Elder 10/1916:1409 - Virgil Brand Collection (Journal number 81228) - Armin Brand - F.C.C. Boyd Collection - Numismatic Gallery 3/1945:89 - Will W. Neil Collection - B. Max Mehl 6/1947:897 - B. Max Mehl, offered in the 3/1952 issue of The Numismatist - R.L. Miles Collection - Stack's 4/1969:898 - H. Philip Speir Collection - Stack's 3/1974:20 - Kagin's 8/1977:1175 - Stack's “Auction ‘79” 7/1979:581 - Bowers & Merena 9/1984:2653 - Superior 7/1993:324 - Superior 1/1994:1248 - Superior 5/1994:576 - Superior 9/1998:251 - Eugene H. Gardner Collection - Heritage 6/2014:30357, $411,250

3 PR64 PCGS grade  
Condition Census (Explain) Show fewer rows
Pos Grade Thumbnail Pedigree and History
1 PR66+CAM PCGS grade
Wayne Burt #2
 
Jeremiah Colburn Collection - John F. McCoy Colletion - W. Elliot Woodward 3/1864:508, $227 - Heman Ely Collection - W. Elliot Woodward 1/1884:244, $215 - George Massamore (as agent for the following) - T. Harrison Garrett Collection - Robert Garrett Collection - John Work Garrett Collection - Johns Hopkins University Collection - Bowers & Ruddy 3/1980:641 (as Raw PR65), $190,000 - Knoxville Collection - Jay Parrino (The Mint) - D. Brent Pogue Collection - Stack’s/Bowers & Sotheby’s 5/2015:1076 (as PCGS PR65 31385748), $705,000
2 PR65 PCGS grade  
3 PR64 PCGS grade
Wayne Burt #6
 
Pedigree marker: spot above head, two faint scratches running along the bust line just before the junction of the bust and throat; mark in field above first star (and right of second star)
 
Browning Plate Coin
 
George F. Seavey Collection - W. H. Strobridge 6/1873, not sold (Lorin G. Parmelee purchased the collection intact before the auction took place) - Lorin G. Parmelee Collection - New York Stamp & Coin Co. 6/1890:975, $171 - Col. E.H.R. Green - B.G. Johnson (invoice 6/29/1943) - F.C.C. Boyd Collection - Numismatic Gallery “World’s Greatest Collection” 3/1945:89, $2,400 -  Will W. Neil Collection - B. Max Mehl 6/1947:897, $1,700 - James A. Stack Collection - Stack’s 2/1975:29, $50,000 - Paramount International Rare Coin List 6/1975 - Dan Drykerman - Bowers & Merena 5/1992:1172 (as Raw Proof-63 or so), $60,500 (plate-matched to the following) - O’Connor Numismatics, offered in 2007 - subsequently graded PCGS PR64 50052511)
 
Plate matching by Rory Rea confirmed that the Browning plate, World’s Greatest Collection, Will W. Neil, James A. Stack, Somerset Collection, and O’Connor coins are the same.
3 PR64 PCGS grade  

Arthur G. Coffin - William Strobridge 11/1875:1236 - Thomas Elder 10/1916:1409 - Virgil Brand Collection (Journal number 81228) - Armin Brand - F.C.C. Boyd Collection - Numismatic Gallery 3/1945:89 - Will W. Neil Collection - B. Max Mehl 6/1947:897 - B. Max Mehl, offered in the 3/1952 issue of The Numismatist - R.L. Miles Collection - Stack's 4/1969:898 - H. Philip Speir Collection - Stack's 3/1974:20 - Kagin's 8/1977:1175 - Stack's “Auction ‘79” 7/1979:581 - Bowers & Merena 9/1984:2653 - Superior 7/1993:324 - Superior 1/1994:1248 - Superior 5/1994:576 - Superior 9/1998:251 - Eugene H. Gardner Collection - Heritage 6/2014:30357, $411,250

3 PR64 PCGS grade  
6 PR63 PCGS grade  
7 PR63 estimated grade  
7 PR63 estimated grade  
9 PR60 estimated grade  
Ron Guth:

All 1827 Capped Bust Quarter Dollars, whether an Original struck in 1827 or a Restrike made at a later date, are overdates with a 3 visible beneath the 7 of the date. The Original 1827 Quarter Dollar has always been recognized as a classic rarity. Despite a reported mintage of 4,000 coins, only a dozen or so are known to exist. Most are Proofs, although the Eliasberg coin was well circulated. Because of its rarity, Mint employees restruck the 1827 Quarter sometime prior to 1860 using an 1827 Obverse and an 1819 Reverse. The flat based 2 of the 1819 Reverse indicates a Restrike - all of the Original 1827 Quarter Dollars have a curl based 2. Breen lists twelve different examples of the Restrike in his "Encyclopedia", to which the Byron Reed coin (illustrated at lower right) should be added. According to Breen, at least three of the Restrikes were struck over Quarter Dollars of an earlier date, including one with a visible undertype of 1806! Breen considers these the earliest Restrikes, based on die state evidence he observed (later Restrikes have dies that are "more rusty").

Restrikes were also made in Copper (Judd 48, Pollock 49).


Denis Loring: Exactly nine examples of this famous rarity are known, including one in the Smithsonian Institution. All except one are PF-60 or better. The exception is the Eliasberg specimen, a perfectly clean VF-20.