Heritage World Coin Auctions
FUN Signature US Coin Sale 1251 4-6 & 8-9 Jan 2017
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Bust Quarters
1825/4/(2) 25C "E" Counterstamp, B-2, R.2, AU58 NGC. Tompkins Die State 1/1. In a recent discussion with Karl Moulton, who has done extensive research on the counterstamped 1815 and 1825 quarters, the rarity of the "E" counterstamp on 1825 quarters came up. He surmised only about six examples exist in any grade. This example is richly toned and shows virtually no signs of circulation, with razor-sharp definition. Any 1825 with the E counterstamp is a prize for specialists, and this is an especially nice one.
That said, it is almost certain no quarters at all would have been struck at all in 1815 without the input of silver bullion from the New Orleans Planters Bank to coin 69,232 quarters, representing almost 78% of the total 1815 mintage that was shipped to the New Orleans bank. Some 1815 quarters display the counterstamp of either an E or an L above the cap of Liberty. It is also almost certain no 1825 quarters would show the same mysterious counterstamps unless they were connected in some way to the 1815 mintage. I
n 1825, an audit of the New Orleans Planters Bank showed a shortage from the 1815 shipment amounting to 147 quarters, either through an accounting Error or Loss (reportedly, coins fell out of their shipping crates during transport). Based on the original claim made in 1816 and confirmed in the 1825 audit, did the Mint set aside counterstamped quarters for this Error and Loss, as requested by Planters Bank?
Planters Bank was no stranger to counterstamped coinage, having released multiple issues of cut-and-counterstamped coins in the early 1800s, many of which made up the bullion used to strike the federal quarters they requested from the Mint. Soon after in 1826, Planters Bank was out of business.
1825/4/(2) 25C "E" Counterstamp, B-2, R.2, AU58 NGC. Tompkins Die State 1/1. In a recent discussion with Karl Moulton, who has done extensive research on the counterstamped 1815 and 1825 quarters, the rarity of the "E" counterstamp on 1825 quarters came up. He surmised only about six examples exist in any grade. This example is richly toned and shows virtually no signs of circulation, with razor-sharp definition. Any 1825 with the E counterstamp is a prize for specialists, and this is an especially nice one.
That said, it is almost certain no quarters at all would have been struck at all in 1815 without the input of silver bullion from the New Orleans Planters Bank to coin 69,232 quarters, representing almost 78% of the total 1815 mintage that was shipped to the New Orleans bank. Some 1815 quarters display the counterstamp of either an E or an L above the cap of Liberty. It is also almost certain no 1825 quarters would show the same mysterious counterstamps unless they were connected in some way to the 1815 mintage. I
n 1825, an audit of the New Orleans Planters Bank showed a shortage from the 1815 shipment amounting to 147 quarters, either through an accounting Error or Loss (reportedly, coins fell out of their shipping crates during transport). Based on the original claim made in 1816 and confirmed in the 1825 audit, did the Mint set aside counterstamped quarters for this Error and Loss, as requested by Planters Bank?
Planters Bank was no stranger to counterstamped coinage, having released multiple issues of cut-and-counterstamped coins in the early 1800s, many of which made up the bullion used to strike the federal quarters they requested from the Mint. Soon after in 1826, Planters Bank was out of business.