Kagin’s Sale Offers the Most Unique Off-Center 1818/5 Capped Bust Quarter Dollar

01 Mar 2018  Thu

The American Numismatic Association National Money Show is all geared up for the Irving Convention Center in metropolitan Dallas on 8th and 10th March. Kagin’s Auctions will have the official auctions on March 8 and 9, with an online session on March 10, and is offering free ANA online memberships to all registered bidders.

The most impressive coins in the auction is an 1818/5 Capped Bust quarter dollar graded Mint State 65 by Professional Coin Grading Service that is struck 5 percent off center.

The coin is struck off-center at approximately 11 o’clock relative to the obverse with the unstruck portion visible at roughly 5 to 7 o’clock on the obverse. The reverse die depicts many cracks and it is the latest die state of the Browning 1 variety as cataloged in the Early Quarter Dollars of the United States: 1796-1838 by A.W. Browning. It is listed in a special section on error coins in Steve M. Tompkin’s more recent series reference of the same title.

The error is one of several off-center examples known of the Browning 1 variety and was last offered at Bowers and Merena sale where it sold for $5,060. Earlier it sold at a 1993 Heritage auction for $4,400 and was part of the James A. Stack and F.C.C. Boyd collections.

In 1815, a total of 89, 235 quarter dollars were struck and then it wasn’t produced for the next two years. When production of quarters resumed in 1818, workmen at the Philadelphia Mint punched an 8 over the 5 on an unused 1815 die and created this variety, which is listed as a distinct variety in the “Red Book.

Images courtesy of Kagin’s Auctions.

Knowledge Base