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1815 B-1. Rarity-1. E Counterstamp. MS-64+ NGC.

Currency:USD Category:Coins & Paper Money Start Price:2,500.00 USD Estimated At:NA
1815 B-1. Rarity-1. E Counterstamp. MS-64+ NGC.
SOLD
6,500.00USD+ (1,300.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2020 Feb 27 @ 19:14UTC-5 : EST/CDT
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1815 B-1. Rarity-1. E Counterstamp. MS-64+ NGC.

An exceptional early quarter dollar at every turn. The frosty silver centers on both sides yield quickly to fiery orange and crimson iridescence, with splashes of vibrant electric blue at the rims as well. Sharply struck from clashed dies. Entirely unmarked to the unassisted eye; a glass reveals some nondescript ticks on the obverse but a pristine reverse. As for the enigmatic E counterstamp, its history begins in the late 1870s when specimens were first announced, and then into the early 1880s, when the items were first offered in numismatic auction catalogs. The E counterstamp – along with its equally famous L counterpart – is always seen on 1815 or 1825-dated Capped Bust quarters, though only the E is found on the 1815-dated pieces. Here is an issue whose mysterious beginnings elude today’s collectors, but has nonetheless been readily endorsed by the collecting community for decades now. This beautiful coin will be embraced by serious bidders for both its sparkling beauty and its near-flawless physical quality.
Many theories – or should we say stories – have been advanced regarding these pieces, including the one we are about to make up on-the-fly so to speak about two brothers, Edward, the elder of the two, and younger sibling Lawrence. In 1815, Edward’s father presented him with a sack of freshly minted quarter dollars, a sack of silver coins which Edward came to cherish over the years, especially knowing his younger brother, Lawrence, did not have a leather purse of sparkling new quarters to call his own. When Lawrence turned 12, however, his dad presented him a sack of freshly minted 1825 quarter dollars, a goodly sack to rival Edward’s earlier sack, which of course turned Edward envious. Not to worry, for the wise father also gave Edward a sack of 1825 quarter dollars, fresh from the source. Now, however, the siblings were torn as to how they might ever tell the two hoards apart…well, you’ve guessed it by now, we’re sure.

Grading Company: NGC MS64+

Pedigree/Collection: From Heritage’s sale of the Hamilton Collection, August 2016, lot 3719