PCGS MS66
PCGS MS65+
- PCGS #:
- 5321
- Designer:
- John Reich
- Edge:
- Reeded
- Diameter:
- 27.50 millimeters
- Weight:
- 6.74 grams
- Mintage:
- 89,235
- Mint:
- Philadelphia
- Metal:
- 89.2% Silver, 10.8% Copper
- Auction Record:
- $282,000 • MS67+* • 11-15-2013 • Heritage Auctions
Major Varieties
- 1815 25C
Rarity and Survival Estimates Learn More
| Survival Estimate | |
|---|---|
| All Grades | 1,875 |
| 60 or Better | 67 |
| 65 or Better | 6 |
| Numismatic Rarity | |
|---|---|
| All Grades | R-4.6 |
| 60 or Better | R-8.3 |
| 65 or Better | R-9.7 |
| Relative Rarity By Type All Specs in this Type | |
|---|---|
| All Grades | 13 / 15 |
| 60 or Better | 12 / 15 TIE |
| 65 or Better | 8 / 15 TIE |
| Relative Rarity By Series All Specs in this Series | |
|---|---|
| All Grades | 15 / 24 TIE |
| 60 or Better | 16 / 24 TIE |
| 65 or Better | 13 / 24 TIE |
Condition Census What Is This?
#1 PCGS MS66+
Hank Rogers, via Stack’s, ca. 1940s; Jimmy Hayes, by sale, ca. early 1970s; “The Jimmy Hayes Collection of United States Silver Coins,” Stack’s, October 1985, Lot 35; E. Richard; “The E. Richard Collection of United States Type Coin,” Stack’s, October 1989, Lot 684; Pogue Family. As PCGS MS66 #02807894. “The D. Brent Pogue Collection, Part I,” Stack’s Bowers / Sotheby’s, May 2015, Lot 1057 – $96,937.50. As PCGS MS66+ #34980722. Struck with clashed dies. Toned with reddish-grey centers and greenish blue color along the periphery and at high points. Lustrous. |
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#1 Est. MS66+
“Colonel” E.H.R. Green; Green Estate; Partnership of Eric P. Newman / B.G. Johnson d.b.a. St. Louis Stamp & Coin Co.; Eric P. Newman – $12.50; Eric P. Newman Numismatic Education Society. As NGC MS67+* #2037631-009. “Selections from the Eric P. Newman Collection, Part II,” Heritage Auctions, November 15, 2013, Lot 33335 – $282,000; “The Bob R. Simpson Collection, Part IV,” Heritage Auctions, February 23, 2021, Lot 3041 – $198,000; Heritage Auctions, August 24, 2022, Lot 3912 – $168,000. As CACG MS67 #592602453. Heritage Auctions, December 14, 2023, Lot 3026 – $126,000. Vivid rainbow target toning. Curved mark from 5 to star 13. |
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#3 PCGS MS66
As NGC MS68 #1727945-050. Heritage Auctions, July 26, 2003, Lot 6908 – $60,950. As NGC MS67 #1727945-050. “The Haig Koshkarian Collection,” American Numismatic Rarities, March 9, 2004, Lot 532 – $50,600. “The Scott Rudolph Collection,” Heritage Auctions, January 8, 2009, Lot 3718 – $48,875. Coin regraded by NGC. Downgraded one point. Retained the same certification number; “The Joseph C. Thomas Collection, Part Two,” Heritage Auctions, May 28, 2009, Lot 603 – $27,600. As PCGS MS66 #14962425. Heritage Auctions, January 7, 2010, Lot 2503 – $37,375; "The Dr. Charles Link Collection." Fiery gold centers with orange-red and aubergine toning along the periphery. Toning spots nearly touching the eagle's left wing and between the top two arrow tips at the right serve as pedigree markers. |
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#3 PCGS MS66
"The James W. Lull Collection," Bowers & Merena, January 2005, Lot 679 – $46,000.00; “The Joseph C. Thomas Collection, Part One,” Heritage Auctions, April 30, 2009, Lot 2319 – $48,875. Predominatly brilliant with areas of wispy gold toning. Struck with clashed dies. Small diagonal hit above eagle’s head. |
#5 PCGS MS65+
As PCGS MS65. Bowers and Merena, April 2005, Lot 440; “The Richard C. Jewell Collection,” Stack’s Bowers, August 13, 2011, Lot 7305 – $41,400. As PCGS MS65+ #25561700. "The Perfection Collection of Capped Bust Quarters," Legend Rare Coin Auctions, November 2, 2023, Lot 85 – $52,875. Bold aqua toning on the obverse. Rainbow target toning on the reverse. |
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#5 PCGS MS65+
Dell Loy Hansen; "The D.L. Hansen Capped Bust Complete Circulation Strikes" (PCGS Set Registry). Struck with clashed dies. Obverse displays rose-colored toning. Sporadic toning streaks on the obverse and reverse. |
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#7 PCGS MS65
Stack's Bowers & Sotheby's, October 2015, Lot 26 - Passed; Stack's Bowers & Sotheby's, February 2016, Lot 110 - Passed; Legend Rare Coin Auctions, May 2016, Lot 138 - $32,900.00; Legend Rare Coin Auctions, September 2, 2021, Lot 253 - $29,375. Struck with clashed dies. Champagne-gold hue with olive and teal accents. |
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#7 Est. MS65
As "Gem Brilliant Uncirculated." "The Northern Bay Collection," Stack's 5/2006: 4215 - $26,000. As PCGS MS65 #05988633. "The Eugene H. Gardner Collection, Part III," Heritage Auctions, May 2015, Lot 98319 - $25,850. Early die state. Light clashing. Salmon, blue, and gold-orange toning. Scattered "untoned" areas in the left obverse field and above Liberty's cap. Certification number inactive. |
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#7 Est. MS65
As NGC MS66 #698635-008. “The Trane Collection, Part II,” Heritage Auctions, May 30, 2003, Lot 5950 – $15,525; Heritage Auctions, May 31, 2007, Lot 866 – $32,200; “The Scott Rudolph Collection,” Heritage Auctions, January 8, 2009, Lot 3717 – $21,850. As NGC MS66* #3314519-002. Heritage Auctions, August 3, 2012, Lot 5108 – $31,725. Cobalt toning around the periphery. Cobalt spot above 8. Champagne and steel grey centers. Reverse is more colorful. |
The 1815 Capped Bust Quarter
The production of 1815 Capped Bust Quarters (#5321) was primarily driven by a July 1815 order from the Planter’s Bank of New Orleans. At the time, the United States Mint lacked both an inventory of quarters and the dies required to strike them. Although the Mint initially requested the bank accept dimes instead, an August 14 letter saw the bank double down on its demand for quarters. In response, engraver John Reich was tasked with creating new designs.
| 1815 Capped Bust Quarter Dollar Deliveries | |||
| December 16, 1815 | 69,232 delivered | January 10, 1816 | 20,003 delivered |
| Total: 89,235 coins | |||
By December, between 60,000 and 69,000 quarters were struck and shipped to New Orleans. Most of the remaining mintage went to Jones, Firth and Company, which received another 20,000 coins dated 1815 in early 1816.
The "E" and "L" Counterstamps
Numismatists have recognized two distinct counterstamps—"E" (#809461) and "L" (#809323)—since the 1870s, with the "L" variety being significantly scarcer.
In a July 2004 John Reich Journal article, researcher Ted McAuley posited that these marks originated at the Harmonist Community of Economy in Harmony, Pennsylvania. Under this theory: "E" stands for Economite. "L" stands for Leonite.
Technical Specifications & Die States
The 1815 Capped Bust Quarter was struck by a single known die marriage, catalogued as Browning-1 (B-1). The die is clashed early in production, but in Die State III, the distinct die clash mark is joined by a repunching at the second "T" in STATES—the result of the dies being lapped (polished) to remove clash marks.
* * *
While regularly available in Choice grades, true Gems with original surfaces are elusive.