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ANA Signature US Coin Sale 1258  2-6 Aug 2017
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Lot 3942

Starting price: 1 USD
Price realized: 17 000 USD
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Seated Quarters
1840-O 25C Drapery MS64 PCGS. CAC. Briggs 1-A, FS-501. Large O, Doubled Denticles on the reverse. Only 43,000 pieces were struck of the 1840-O Drapery quarters between the Large O and Small O variants combined -- an amount far smaller than the 1840-O No Drapery, struck to the extent of 382,200 coins. The mintmark is considerably larger on the Large O -- Cherrypickers' calls it "25% larger" -- than on normal O-mint quarters of this period, but an easier way to distinguish the Large O versus Small O is the centering and shape. The Large O is neatly centered at the apex of the fletchings and olive stem tip and it is elongated, where the Small O (Briggs Reverse B) is shifted perceptibly to the left (facing the coin), and it is round.
Briggs notes of this curious reverse:

"[Two] sets of dentils were hand cut into the dies. The first set was 0.9 mm high and faint. The second set was 0.7 mm high, boldly cut, and centered over the gaps of the first set. This gives the appearance of diagonal spurs running off the corners of the second cut dentils. A die crack runs from the rim through the left upright of the 'N' in 'UNITED' to the wing. A die bulge is at the juncture of right wing and shield. Also another at the lower right thigh - field area."

When writing his 1991 series reference, Briggs called the 1840-O Large O Drapery quarter R.6 in all grades, adding that it was "to date" the rarest collectible Seated Liberty quarter.
This near-Gem offers muted luster over silver-gray surfaces accented with pale blue and copper tones near the rims. This piece should create a considerable stir within the Liberty Seated collector base.

HID02901242017
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