1828 25C 25/50C XF45 Certification #12392313, PCGS #5343

Owner's Comments

1828 25C 25 over 50C EF45 PCGS. B-3, R4. Population (PCGS 1/10, NGC 0/7). This is one of the most famous engraving errors in American numismatics. First introduced on the reverse die of the 1822 quarter this die was briefly resurrected, on the grounds of economy, and used once again in the striking of the 1828 Browning-3 variety shown here. Browning, in elaborating on the 25 over 50, wrote "...the engraver evidently mistook the die for that of a 50-cent piece, then corrected the error; ..." The die engraver used the denomination punches for a half dollar, and first engraved 50 C. instead of 25 C. Then realizing the mistake, he corrected this by engraving the correct 25 over the 50. This variety is always in very strong demand, and short supply as witnessed by the PCGS & NGC population reports, for the curious denomination error and one of the most popular of the early quarter die varieties. For the specialist, this coin represents a major achievement when added to a variety collection.

Expert Comments

Ron Guth

This is one of the occasional "goofs" made by Mint engravers as they produced the large quantities of dies necessary to strike the nation's coins.  In this case, the engraver thought he was working on a half dollar die and punched a "5" and a "0" into the bottom of the reverse.  After catching his error, the engraver corrected the mistake by punching a "2" over the "5" and a "5" over the "0.'  The error in the die transferred over to the actual coins, where it can be seen even on low-grade examples.

This is a slightly scarcer, major variety, and it carries a premium because of the odd error.  The best example is the NGC MS67* that sold as part of the Eric Newman Collection for $352,500, setting a new record for the variety.

 

PCGS #
5343
Designer
John Reich
Edge
Reeded
Diameter
27.50 millimeters
Weight
6.74 grams
Mintage
102000
Metal
89.2% Silver, 10.8% Copper
Pop Higher
14
Pop Lower
63
Region
The United States of America
Price Guide
PCGS Population
Auctions - PCGS Graded
Auctions - NGC Graded

Rarity and Survival Estimates Learn More

Grades
65 or Better 87 R-8.1 3 / 15 3 / 24
All Grades 5 R-9.7 5 / 15 TIE 5 / 24 TIE
60 or Better 0 R-10.1 1 / 15 1 / 24
65 or Better 87
All Grades 5
60 or Better 0
65 or Better R-8.1
All Grades R-9.7
60 or Better R-10.1
65 or Better 3 / 15
All Grades 5 / 15 TIE
60 or Better 1 / 15
65 or Better 3 / 24
All Grades 5 / 24 TIE
60 or Better 1 / 24

Condition Census Learn More

Pos Grade Thumbnail Pedigree and History
1 MS66 estimated grade

"Colonel" E.H.R. Green Collection - Partnership of Eric P. Newman & B.G. Johnson (St. Louis Stamp & Coin Co.) - Eric P. Newman, who paid $50 - Eric P. Newman Numismatic Education Society - Heritage 11/2013:33348, $352,500 - Eugene H. Gardner Collection - Heritage 5/2015:98322, $282,000

2 MS63 PCGS grade  
	MS63 PCGS grade

Norweb Collection - Bowers & Merena 3/1988:1545, $2,750 - Stack's/Bowers 8/2014:13076, $117,500 - “Could such a thing ever be done?” Collection

2 MS63 PCGS grade MS63 PCGS grade

T. Harrison Garrett Collection, believed to have been obtained in the late 19th century - Robert Garrett Collection - John Work Garrett Collection - Johns Hopkins University Collection - Bowers & Ruddy 3/1980:643, $6,500 - Richard Burdick, sold privately - D. Brent Pogue Collection - Stack’s/Bowers & Sotheby’s 5/2015:1078, $82,250

4 MS62 PCGS grade
4 MS62 PCGS grade
#1 MS66 estimated grade

"Colonel" E.H.R. Green Collection - Partnership of Eric P. Newman & B.G. Johnson (St. Louis Stamp & Coin Co.) - Eric P. Newman, who paid $50 - Eric P. Newman Numismatic Education Society - Heritage 11/2013:33348, $352,500 - Eugene H. Gardner Collection - Heritage 5/2015:98322, $282,000

 
	MS63 PCGS grade 
#2 MS63 PCGS grade

Norweb Collection - Bowers & Merena 3/1988:1545, $2,750 - Stack's/Bowers 8/2014:13076, $117,500 - “Could such a thing ever be done?” Collection

MS63 PCGS grade #2 MS63 PCGS grade

T. Harrison Garrett Collection, believed to have been obtained in the late 19th century - Robert Garrett Collection - John Work Garrett Collection - Johns Hopkins University Collection - Bowers & Ruddy 3/1980:643, $6,500 - Richard Burdick, sold privately - D. Brent Pogue Collection - Stack’s/Bowers & Sotheby’s 5/2015:1078, $82,250

#4 MS62 PCGS grade
#4 MS62 PCGS grade