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1832 Capped Bust Quarter - Browning-1 Large Arrows?

 
 
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Pillar of the Community
United States
6696 Posts
 Posted 03/08/2019  6:05 pm Show Profile   Bookmark this topic Add numismatic student to your friends list Get a Link to this Message
Picked this up for $379. I think this is the Browning-1 variety with the first reverse die featuring the large arrows. The 1832 only is known to have been struck with one obverse die. Thoughts on grade and problems? Thanks!


Edited by numismatic student
03/08/2019 7:27 pm
Pillar of the Community
United States
4448 Posts
 Posted 03/08/2019  6:09 pm  Show Profile   Check GrapeCollects's eBay Listings Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply
AU Details if that strip is on the reverse
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Pillar of the Community
United States
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 Posted 03/08/2019  8:51 pm  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply
Yours is definitely a Browning-1.
It is a Rarity-1 (Common).
I agree with AU.
A DETAILS designation is a close call.
Describe it as if there were no picture.
Picture it as if there were no description.
Pillar of the Community
United States
6696 Posts
 Posted 03/08/2019  9:21 pm  Show Profile   Bookmark this reply Add numismatic student to your friends list Get a Link to this Reply

Quote:
It is a Rarity-1 (Common).


PCGS estimates that approximately 2,300 examples of the 1832 quarter survive out of a total mintage of 320,000. That would correspond to R4.5 in any grade.

PCGS has graded 92 coins in au grades and NGC has graded 53 coins in au grades. ANACS has graded 36 and icg has slabbed another 8. Further assume that these were all different coins ignoring resubmissions. That adds up to 189 coins by the four services. Say maybe another 50 aren't slabbed in au. At about 239 existing pieces at au, this coin would be closer to R6.7 in this grade.

At PCGS R1.0 means that over 1 million surviving specimens of a coin exist. This coin had a mintage of just 320,000 in total.

Using other rarity scales, 239 coins usually falls between R3 and R5.

Edited by numismatic student
03/08/2019 10:20 pm
Bedrock of the Community
Australia
15566 Posts
 Posted 03/09/2019  12:07 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
AU55.
I think the 'details' only apply to the patina.

If sent to a TPGrader, there is a strong chance that the 'details' will not be mentioned.
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United States
38023 Posts
 Posted 03/09/2019  08:47 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
AU-50 straight.
Pillar of the Community
United States
1322 Posts
 Posted 03/09/2019  09:21 am  Show Profile   Check babysitr's eBay Listings Bookmark this reply Add babysitr to your friends list Get a Link to this Reply
That is a nice rare coin! not sure it's a details coin. probably not.IMHO
Pillar of the Community
United States
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 Posted 03/09/2019  10:19 am  Show Profile   Bookmark this reply Add numismatic student to your friends list Get a Link to this Reply
To me it was interesting that according to Joe O'Connor (Is that our Connor on these boards-our resident cbq specialist?), the two reverse dies for this coin were known to have been used to strike the 1831 issue. In spite of that it looks like the strong, sharp reverse strike appears to be the product of a still early die state (EDS) impression. Maybe the reverse dies were still fresh after striking a few 1831 coins and it makes sense that Mint officials would have chosen the best reverse dies remaining from the 1831 run. It appears that dies and hubs were more expensive to produce back then and the Mint tried to save where it could. Given that the obverse die was unique to this date run, I would have expected the obverse strike to be stronger than the reverse strike, but the opposite seems to be true in the case of this coin.
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 Posted 03/09/2019  7:50 pm  Show Profile   Bookmark this reply Add SilverDollar2017 to your friends list Get a Link to this Reply
AU-53
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United States
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 Posted 03/11/2019  2:00 pm  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
AU-53
Pillar of the Community
United States
6696 Posts
 Posted 03/11/2019  9:57 pm  Show Profile   Bookmark this reply Add numismatic student to your friends list Get a Link to this Reply
This one came in. I looked carefully at the vertical mark on the face of liberty and it is a raised metal mark. It looks like a die scratch. The coin looks normal metal grey until you shine a light on the obverse and it lights up with bright green iridescent toning which was a nice surprise...

Further thoughts? Thanks!




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