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Uncirculated 1825/3 Quarter Enigmatic “L” Counterstamp 1825/3 Quarter B-2. L Counterstamp. MS-61 NGC

Currency:USD Category:Coins & Paper Money Start Price:10.00 USD Estimated At:NA
Uncirculated 1825/3 Quarter Enigmatic “L” Counterstamp 1825/3 Quarter B-2. L Counterstamp. MS-61 NGC
SOLD
2,000.00USD+ (400.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2018 Mar 08 @ 20:07UTC-6 : CST/MDT
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Uncirculated 1825/3 Quarter
Enigmatic “L” Counterstamp 1825/3 Quarter B-2. L Counterstamp. MS-61 NGC. Medium steel-gray throughout with warm pastel blue and gold here and there. Nicely struck and modestly prooflike in the fields. An ever-popular issue with collectors for as long as these enigmatic counterstamps – known in E and L format, and on 1815 and 1825 quarters alone - have been around. Many are the theories, each as good as the next, but no real paper trail has ever surfaced. (Walter Breen suggested the quarters, nearly all high-grade, represented school rewards for diligence in English or Latin, a neat theory but with no real evidence.) George Massamore’s auction sale of August, 1881, is seemingly the first recorded offering of one of these quarters, and collectors have been after solving the mystery ever since. A pleasing coin that will see substantial bidding activity.
From Heritage’s sale of December, 2009, lot 502.