1783 P '500' 'Quint' Plain Obverse (Proof)

Series: U.S. Colonial Issues

PCGS PR55

PCGS PR55

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PCGS #:
821
Designer:
N/A
Edge:
N/A
Diameter:
N/A
Weight:
N/A
Mintage:
N/A
Mint:
Philadelphia
Metal:
Other
Major Varieties

Current Auctions - PCGS Graded
Current Auctions - NGC Graded
For Sale Now at Collectors Corner - PCGS Graded
For Sale Now at Collectors Corner - NGC Graded

Rarity and Survival Estimates Learn More

Grades Survival
Estimate
Numismatic
Rarity
Relative Rarity
By Type
Relative Rarity
By Series
All Grades 1 R-10.0 1 / 5 TIE 1 / 5 TIE
60 or Better 1 R-10.0 1 / 5 TIE 1 / 5 TIE
65 or Better 0 R-10.1 1 / 5 1 / 5
Survival Estimate
All Grades 1
60 or Better 1
65 or Better
Numismatic Rarity
All Grades R-10.0
60 or Better R-10.0
65 or Better R-10.1
Relative Rarity By Type All Specs in this Type
All Grades 1 / 5 TIE
60 or Better 1 / 5 TIE
65 or Better 1 / 5
Relative Rarity By Series All Specs in this Series
All Grades 1 / 5 TIE
60 or Better 1 / 5 TIE
65 or Better 1 / 5

Condition Census What Is This?

Pos Grade Image Pedigree and History
1 PR55 PCGS grade PR55 PCGS grade

Weight: 109.6 grains (per Bowers & Ruddy) - 109.72 grains (per Breen)
Diameter: 24 mm

Possibly owned at one time by Sylvester S. Crosby - Lorin G. Parmelee Collection - Col. James W. Ellsworth Collection - Garrett Collection - Bowers & Ruddy 11/1979:621, $55,000 - Walter Perschke - subsequently graded PCGS AU53 25562498 and offered for $3 million at the 2011 American Numismatic Association Convention in Chicago, IL - Heritage 4/25/2013:4107, $1,175,000 - Kagin’s

PR55 PCGS grade #1 PR55 PCGS grade

Weight: 109.6 grains (per Bowers & Ruddy) - 109.72 grains (per Breen)
Diameter: 24 mm

Possibly owned at one time by Sylvester S. Crosby - Lorin G. Parmelee Collection - Col. James W. Ellsworth Collection - Garrett Collection - Bowers & Ruddy 11/1979:621, $55,000 - Walter Perschke - subsequently graded PCGS AU53 25562498 and offered for $3 million at the 2011 American Numismatic Association Convention in Chicago, IL - Heritage 4/25/2013:4107, $1,175,000 - Kagin’s

Ron Guth:

Two different varieties exist of the 500 Unit (or "Quint") 1783 Nova Constellation Pattern coins. Both varieties are represented by unique examples. The first variety (Type 1) is similar in all aspects to the unique 1000 Unit, the three known 100 Units, and the unique 5 Unit. The second variety (Type 2) shares the same reverse (denomination side) with the Type 1 Quint, but has a stylistically different obverse. The all-seeing eye motif is retained, but the Type 2 lacks the NOVA CONSTELLATIO legend and has an additional circle within the beaded border. The diameter is smaller (24 mm versus the 27 mm of the Type 1) and the weight is lower (109.72 grains versus the 133.98 of the Type 1). Though inexplicable, these differences have not affected the market acceptance of the Type 2 Quint. At the Chicago ANA convention in 2011, the Type 2 Quint was offered for sale at $3 million.

Breen lists the pedigree as "Unidentified young NYC collector (1870) - W.P. Brown - S.S. Crosby - Lorin G. Parmelee - S.H. & H. Chapman - J.W. Ellsworth - Knoedler Galleries - Wayte Raymond - J.W. Garrett - Johns Hopkins Univ. (1942-79) - Garrett:621, $55,000 - Walter Perschke."

The Type 2 Quint has a thin planchet crack running from the edge through the I of LIBERTAS, through the wreath and to the U of US. This would account for Breen's note that the coin did not ring (a somewhat crude test for authenticity -- struck coins will ring, while cast coins will not). The coin also has "2 Dec." lightly scratched into the field just above U.S.

Sources and/or recommended reading: Walter Breen. Walter Breen's Complete Encyclopedia of U.S. and Colonial Coins, 114-115.

David Hall:

The Type II Nova Constellatio silver "500" pattern is unique. Interestingly, at the November, 1979 Garrett auction this coin "only" brought $55,000, about one-third the price garnered by the Type I. It is speculated that this was because the coin is a different design than the other Nova Constellatios and has a "funky" look.