1827 Capped Head Left Quarter Eagle. BD-1, the only known dies. Rarity-5. Die State a/c. AU-58 (PCGS).
Desirable 1827 Capped Head Left Quarter Eagle
Ex Dallas Bank/Jeff Browning Collection.
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Die Variety: The standard large stars continue from 1826, and the 1 is centered over the right edge of a dentil and the 8 is centered over a dentil. 96 dentils surround the obverse. The reverse is the 1825 die-A with the close fraction where the 2 touches the fraction bar, and the lowest arrow point touches the center of the C in AMERICA.
Die State: a/c. The obverse die state is unchanged through this production run, while the reverse was lapped to remove minor die clashing evidence that formed during the 1826 BD-1 production. No later die states are known, but could possibly exist.
Mintage: 2,800 coins.
Estimated surviving population: 45 to 55 coins. (This date has probably had a large number of resubmissions to the grading services, thus negating the value of population reports.)
Strike: Sharp enough to bring up all the central star radial lines and each of Liberty's curls. The reverse has minor softness in the striking definition on the usual central portions of the eagle.
Surfaces: The obverse and reverse show residual satiny luster in the fields and are uniformly bright yellow gold. The brilliant surfaces are very attractive. A well balanced example of this rare coin, and one that would add considerably to any advanced collection.
Commentary: The total mintage for this series was a scant 17,000+ coins in all. Only a few hundred or so exist today of all issues from 1821 to 1827 to represent this type. The balance of the production was melted long ago and likely was turned into later-issue gold coins starting in mid-1834.
Q. David Bowers: Again we have a "high end" example of a rarity. Excellent eye appeal adds to its desirability.
PCGS# 7666. NGC ID: 25FJ.
Pedigree: From the Dr. James A. Ferrendelli Collection. Earlier from our (Stack's, in conjunction with Sotheby's) sale of the Jeff Browning/Dallas Bank Collection, October 2001, lot 311.
PCGS Population: 5; 15 finer (MS-65 finest).
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