1837 25C

1831 25C Small Letters

1838 25C Capped Bust (Regular Strike)

Series: Capped Bust Quarters 1815-1838

PCGS MS66

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PCGS MS65+

PCGS MS65

PCGS #:: 5357

Designer:: John Reich

Edge:: Reeded

Diameter:: 24.30 millimeters

Weight:: 6.74 grams

Mintage:: 366,000

Mint:: Philadelphia

Metal:: 90% Silver, 10% Copper

Auction Record:: $82,250 • MS67 • 09-20-2015 • Heritage Auctions

ShowHide Related Coins and Varieties (2)

Major Varieties

1838 25C Capped Bust

Die Varieties

1838 25C B-1

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PCGS Population

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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 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	1,625	R-4.7	2 / 9	13 / 24 TIE
60 or Better	67	R-8.3	5 / 9 TIE	16 / 24 TIE
65 or Better	7	R-9.6	6 / 9 TIE	15 / 24 TIE

Survival Estimate
All Grades	1,625
60 or Better	67
65 or Better	7

Numismatic Rarity
All Grades	R-4.7
60 or Better	R-8.3
65 or Better	R-9.6

Relative Rarity By Type All Specs in this Type
All Grades	2 / 9
60 or Better	5 / 9 TIE
65 or Better	6 / 9 TIE

Relative Rarity By Series All Specs in this Series
All Grades	13 / 24 TIE
60 or Better	16 / 24 TIE
65 or Better	15 / 24 TIE

Condition Census What Is This?

Pos	Grade	Pedigree and History
1	MS66 estimated grade	Superior 9/1997:190 - Eugene H. Gardner Collection, Part II - Heritage 10/2014:98353, $55,813 - Heritage 9/2015:3860, $82,250
1	MS66 PCGS grade	Bowers & Merena 7/2003:1155 - Heritage 2/2005:6528, $13,800 - Bowers & Merena 3/2006:650, $14,950 - Heritage 1/2009:3734, $28,750 - Heritage 5/2009:618, $18,400 - Joe O’Connor (OCNUMIS) - J. Clayton Shaw - Dr. Charles Link Collection
2	MS66 PCGS grade
4	MS65+ PCGS grade
5	MS65 PCGS grade	Stack’s/Bowers 8/2012:11342, not sold
5	MS65 PCGS grade	David S. Wilson Collection, sold privately (perhaps by Henry Chapman in 1906) - John M. Clapp Collection - John H. Clapp Collection, sold intact in 1942 - Louis E. Eliasberg, Sr. Collection - Bowers & Merena 4/1997:1418, $35,200 - D. Brent Pogue Collection - Stack’s/Bowers & Sotheby’s 5/2015:1094, $35,250
5	MS65 PCGS grade	Heritage 1/2006:3150, $13,800 - Heritage 8/2006:5174, $19,550 - Heritage 1/2012:3179, $32,200 - Jim O’Neal Collection - Heritage 4/2013:4205, $25,850
5	MS65 PCGS grade	Heritage 8/2015:4022, $18,800
5	MS65 PCGS grade
5	MS65 estimated grade

#1 MS66 estimated grade

Superior 9/1997:190 - Eugene H. Gardner Collection, Part II - Heritage 10/2014:98353, $55,813 - Heritage 9/2015:3860, $82,250

#1 MS66 PCGS grade

Bowers & Merena 7/2003:1155 - Heritage 2/2005:6528, $13,800 - Bowers & Merena 3/2006:650, $14,950 - Heritage 1/2009:3734, $28,750 - Heritage 5/2009:618, $18,400 - Joe O’Connor (OCNUMIS) - J. Clayton Shaw - Dr. Charles Link Collection

#2 MS66 PCGS grade

#4 MS65+ PCGS grade

#5 MS65 PCGS grade

Stack’s/Bowers 8/2012:11342, not sold

#5 MS65 PCGS grade

David S. Wilson Collection, sold privately (perhaps by Henry Chapman in 1906) - John M. Clapp Collection - John H. Clapp Collection, sold intact in 1942 - Louis E. Eliasberg, Sr. Collection - Bowers & Merena 4/1997:1418, $35,200 - D. Brent Pogue Collection - Stack’s/Bowers & Sotheby’s 5/2015:1094, $35,250

#5 MS65 PCGS grade

Heritage 1/2006:3150, $13,800 - Heritage 8/2006:5174, $19,550 - Heritage 1/2012:3179, $32,200 - Jim O’Neal Collection - Heritage 4/2013:4205, $25,850

#5 MS65 PCGS grade

Heritage 8/2015:4022, $18,800

#5 MS65 PCGS grade

#5 MS65 estimated grade

By 1838, John Reich’s Capped Bust design was nearing its end. Half Dimes and dimes had already transitioned to Christian Gobrecht’s rendition of Thomas Sully’s Liberty Seated design. And while half dollars would wait one more year, 1838 was the transitional year for quarters.

There is only one die pair known for 1838, mating a new obverse with a reverse used previously for the common 1837 B-2. Given the abnormally large mintage reported for this single die pair, it is likely that some of the Capped Bust Quarters included in the 1838 mintage were dated 1837.