Coins Certified as of 1/20

My Coin #-39788

1826/'5' $2.50 AU55

PCGS#: 7665

Owner's Comments

Estimated grade. Sold by B. Max Mehl Jun '41 price realized $195

Expert Comments

David Akers (1975/88): The 1826 is the lowest mintage date of this type and also one of the lowest mintage dates in the entire quarter eagle series. I have seen fewer of this date than I have of any other of this type, although the 1827 is a close second. As a general rule, the 1826 is probably the most sharply struck of all dates of this type, with the possible exception of the 1821.

Most cataloguers claim that the 1825 is an overdate but I feel that this is extremely doubtful. It is my guess that the abnormalities under the 6 are the result of recutting and not a numeral 5. The known specimens of 1826 are certainly from a different obverse die than any known 1825 and this is most obvious by comparing the size of the stars. The stars are much larger on the 1826 than they are on the 1825. (Note: the stars on the 1821, 1824/1 and 1825 are all very small, while those on the 1826 and 1827 are relatively large.)

Ron Guth: The 1826 Quarter Eagle is a very rare date, created by an initially low mintage, followed by the destruction of most examples in subsequent meltings whenever the gold price exceeded the face value.  The majority of the survivors are in relativrly high grade (Extremely Fine or better), indicating that most were saved by collectors.  Only one Mint State example is known, that being the Garrett Collection piece sold in 1980 for a record price (then and still) of $75,000.

How many 1826 Quarter Eagles exist today?  A survey of the auction appearances over the past twenty years results in at least 17 demonstrably different examples.  Thus, a guesstimate in the range of 30-35 survivors seems reasonable.

Diameter: 18.50 millimeters Designer: Robert Scot Edge: Reeded
Mintage: 760 Weight: 4.37 grams Metal Content: 91.7% Gold, 8.3% Copper

Rarity and Survival Estimates

Grades Survival Estimate Numismatic Rarity Relative Rarity by Type Relative Rarity by Series
All Grades 32 R-8.8 1 / 5 2 / 12
60 or Better 9 R-9.6 1 / 5 2 / 12 TIE
65 or Better 0 R-10.1 1 / 5 1 / 12

Condition Census

Pos Grade Thumbnail Pedigree and History
1 MS61 PCGS grade  
1 MS61 PCGS grade  
3 MS60 PCGS grade  
3 MS60 estimated grade  

National Numismatic Collection at the Smithsonian Institution

3 MS60 estimated grade  

William Sumner Appleton Collection - Joseph J. Mickley Collection - W. Elliot Woodward, sold privately on 1/23/1883 - T. Harrison Garrett Collection - Robert Garrett Collection - John Work Garrett Collection - Johns Hopkins University Collection - Bowers & Ruddy 3/1980:746, $75,000