1807 25C

1818 25C

1815 25C (Regular Strike)

Series: Capped Bust Quarters 1815-1838

PCGS MS66+

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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

ShowHide Related Coins and Varieties (4)

Major Varieties

1815 25C

Die Varieties

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Rarity and Survival Estimates Learn More

Grades	Survival Estimate The Survival Estimate represents an average of one or more experts' opinions as to how many examples survive of a particular coin in three categories: 1) all grades, 2) 60 or better, and 3) 65 or better. These estimates are based on a variety of sources, including population reports, auction appearances, and personal knowledge. Survival estimates include coins that are raw, certified by PCGS, and certified by other grading services.	Numismatic Rarity Numismatic Rarity converts the Survival Estimate for a particular coin into a number from 1 to 10 (with decimal increments) based on the PCGS Rarity Scale. The higher the number, the more rare the coin.	Relative Rarity By Type Relative Rarity By Type ranks the rarity of this coin with all other coins of this Type. Lower numbers indicate rarer coins.	Relative Rarity By Series Relative Rarity By Series ranks the rarity of this coin with all other coins of this Series. Lower numbers indicate rarer coins.
All Grades	1,875	R-4.6	13 / 15	15 / 24 TIE
60 or Better	67	R-8.3	12 / 15 TIE	16 / 24 TIE
65 or Better	6	R-9.7	8 / 15 TIE	13 / 24 TIE

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?

Pos	Grade	Pedigree and History
1	MS66+ estimated grade	"Colonel" E.H.R. Green - Green Estate - Partnership of Eric P. Newman & B.G. Johnson (St. Louis Stamp & Coin Co.) - Eric P. Newman, who paid $12.50 - Eric P. Newman Numismatic Education Society - Heritage 11/2013:33335, $282,000
2	MS66 PCGS grade	Stack’s, sold privately in the 1940s - Hank Rogers Collection, sold privately in the early 1970’s - Jimmy Hayes Collection - Stack’s 10/1985:35 - E. Richard Collection - Stack’s 10/1989:684 - D. Brent Pogue Collection - Stack’s/Bowers & Sotheby’s 5/2015:1057, $96,937.50
2	MS66 PCGS grade	Heritage 7/2003:6908, $60,950.00 - American Numismatic Rarities 3/2004:532, $50,600.00 - Heritage 1/2005:30173, not sold - Stack's 11/2005:221, $55,200.00 - Stack's 1/2008:327, $57,500.00 - Heritage 1/2009:3718, $48,875.00 - Heritage 5/2009:603, $27,600.00 - Heritage 9/2009:559, not sold - Heritage 1/2010:2503, $37,375.00 - Dr. Charles Link Collection
2	MS66 PCGS grade	Bowers & Merena 1/2005:679, $46,000.00 - Heritage 4/2009:2319, $48,875.00
5	MS65+ PCGS grade	Bowers & Merena 4/2005:440 4/2005:440, not sold - Richard C. Jewell Collection - Stack's/Bowers 8/2011:7305, $41,400.00 (p) - “Perfection 4” Collection (PCGS Set Registry)
6	MS65 PCGS grade	Stack's/Bowers & Sotheby's 10/2015:26, not sold - Stack's/Bowers & Sotheby's 2/2016:110, not sold - Legend Rare Coin Auctions 5/2016:138, $32,900.00
6	MS65 PCGS grade	Stack's 5/2006:1425, not sold - Eugene H. Gardner Collection, Part III - Heritage 5/2015:98319, $25,850
6	MS65 estimated grade	Heritage 1/2007:905, $34,500.00 - Heritage 1/2008:2776, $35,937.50

#1 MS66+ estimated grade

"Colonel" E.H.R. Green - Green Estate - Partnership of Eric P. Newman & B.G. Johnson (St. Louis Stamp & Coin Co.) - Eric P. Newman, who paid $12.50 - Eric P. Newman Numismatic Education Society - Heritage 11/2013:33335, $282,000

#2 MS66 PCGS grade

Stack’s, sold privately in the 1940s - Hank Rogers Collection, sold privately in the early 1970’s - Jimmy Hayes Collection - Stack’s 10/1985:35 - E. Richard Collection - Stack’s 10/1989:684 - D. Brent Pogue Collection - Stack’s/Bowers & Sotheby’s 5/2015:1057, $96,937.50

#2 MS66 PCGS grade

Heritage 7/2003:6908, $60,950.00 - American Numismatic Rarities 3/2004:532, $50,600.00 - Heritage 1/2005:30173, not sold - Stack's 11/2005:221, $55,200.00 - Stack's 1/2008:327, $57,500.00 - Heritage 1/2009:3718, $48,875.00 - Heritage 5/2009:603, $27,600.00 - Heritage 9/2009:559, not sold - Heritage 1/2010:2503, $37,375.00 - Dr. Charles Link Collection

#2 MS66 PCGS grade

Bowers & Merena 1/2005:679, $46,000.00 - Heritage 4/2009:2319, $48,875.00

#5 MS65+ PCGS grade

Bowers & Merena 4/2005:440 4/2005:440, not sold - Richard C. Jewell Collection - Stack's/Bowers 8/2011:7305, $41,400.00 (p) - “Perfection 4” Collection (PCGS Set Registry)

#6 MS65 PCGS grade

Stack's/Bowers & Sotheby's 10/2015:26, not sold - Stack's/Bowers & Sotheby's 2/2016:110, not sold - Legend Rare Coin Auctions 5/2016:138, $32,900.00

#6 MS65 PCGS grade

Stack's 5/2006:1425, not sold - Eugene H. Gardner Collection, Part III - Heritage 5/2015:98319, $25,850

#6 MS65 estimated grade

Heritage 1/2007:905, $34,500.00 - Heritage 1/2008:2776, $35,937.50

1815 is the first year for the Capped Bust Quarter type, and all known survivors are struck from a single die pair. In his “Early United States Quarters 1796-1838”, Steve Tompkins includes correspondence between Bailly Blanchard, head cashier of the Planters Bank of New Orleans, and Mint Director Robert L. Patterson, where Blanchard pleaded with Patterson to return only quarter dollars in exchange for the bank’s deposit of silver. After much hesitation, as no quarter dollar dies were available, Patterson gave in to Blanchard’s request, and production of the quarter dollar denomination was resumed.

While regularly available in Choice grades, true Gems with original surfaces are elusive.

Ron Guth:

After an eight-year hiatus, the U.S. Mint resumed production of Quarter Dollars in 1815. In that year, Mint employees produced a total of 89,235 Quarters, a significant reduction from the mintage of 1807 and far below the number of Quarter Dollars that would be produced three years later in 1818. Apparently, there was some economic reason for producing Quarter Dollars in 1815 which, hopefully, was satisfied by the new production.

The 1815 is semi-scarce, but there are ample supplies of Mint State examples to satisfy collector demand, though prices are high (as are the prices for most early U.S. type coins). The top ten examples of this date include coins graded from MS65 to MS67, the best coin being the NGC MS67 example from the Eric P. Newman collection.