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SERIES: Liberty Seated Quarters 1838-1891
LEVEL: Year, MintMark, & Major Variety

1838 25C Seated, No Drapery (Regular Strike)

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PCGS MS68

PCGS MS66

PCGS MS65
PCGS #:
5391
Diameter:
24.30 millimeters
Designer:
John Reich
Weight:
6.74 grams
Edge:
Reeded
Mintage:
466,000
Metal Content:
90% Silver, 10% Copper
Auction Record:
$195,500 • PCGS MS68 • 4-1-2009 • Heritage
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75,000
3
Rarity and Survival Estimates (Explain)
Grades Survival
Estimate 
Numismatic
Rarity 
Relative Rarity
By Type 
Relative Rarity
By Series 
All Grades 1,500 R-4.8 3 / 3 89 / 114 TIE
60 or Better 120 R-7.8 3 / 3 69 / 114 TIE
65 or Better 10 R-9.5 2 / 3 42 / 114 TIE
Condition Census (Explain) Show more rows
Pos Grade Thumbnail Pedigree and History
1 MS68 PCGS grade

James W. Lull Collection - Bowers & Merena 2/2005:681, $155,250 - Joseph C. Thomas Collection - Heritage 4/2009:2338, $195,500 - High Desert Collection (PCGS Set Registry)

2 MS66 PCGS grade

D. Brent Pogue Collection

2 MS66 PCGS grade  
2 MS66 PCGS grade  
2 MS66 estimated grade  
Condition Census (Explain) Show fewer rows
Pos Grade Thumbnail Pedigree and History
1 MS68 PCGS grade

James W. Lull Collection - Bowers & Merena 2/2005:681, $155,250 - Joseph C. Thomas Collection - Heritage 4/2009:2338, $195,500 - High Desert Collection (PCGS Set Registry)

2 MS66 PCGS grade

D. Brent Pogue Collection

2 MS66 PCGS grade  
2 MS66 PCGS grade  
2 MS66 estimated grade  
6 MS65+ estimated grade  

Eric P. Newman Numismatic Education Society - Heritage 11/2013:33360, $141,000

7 MS65 PCGS grade

Heritage 9/2002:6477 - Eugene H. Gardner Collection - Heritage 6/2014:30359, $32,900

7 MS65 PCGS grade  
7 MS65 PCGS grade  
7 MS65 estimated grade  

Ron Guth: In mid-1838, Christian Gobrecht's Seated Liberty design finally made it to the Quarter Dollar -- two years after it had appeared on the Silver Dollar and a full year after it appeared on the Half Dimes and Dimes.  Gobrecht's original design did not have any drapery under Liberty's left elbow (viewer's right); the drapery was not added on the Quarters until 1841.  Some collectors believe the No Drapery design should be recognized as a separate type and we tend to agree.  Regardless, the only option for the 1838 Quarter is the No Drapery version.

This date is fairly common and can be found in circulated grades with relative ease.  Mint State examples are scarce, bordering on rare, and the typical grade falls into the MS62 to MS64 range.  Gems are very rare, and the finest example is a stunning, blast white PCGS MS68 currently in the High Desert Collection.  This very same coin set the record price of $195,500 in 2009.