1827 25C Quarter Dollar, Judd-48, Pollock-49, High R.7
This rarity pairs the obverse of 1827/3 with a reverse from 1819, Browning-2. The reverse has a square-base 2 in the denomination, which differs from the original 1827 quarters (which have a curl-base 2). Struck in copper and silver-plated with a reeded edge.
Little is known about the copper and silver strikings of this issue. A popular theory is that these pieces were struck in the Mint, probably in the late 1850s under James Ross Snowden's tenure as Mint director. Walter Breen speculated that these dies were among the many sets of dies that were sealed in a carton on July 30, 1860 and not opened again until 1867.
The other--and to us, the more convincing--theory about the striking of these coins is that put forward by Saul Teichman and Andy Lustig on USPatterns.com: "These were believed to have been struck along with most of their silver counterparts in the 1870s. The first occurrence for a copper example was in Haseltine's February 1877 sale. This sale also included a copper example of Judd-59 [1836 Gobrecht dollar in copper]. This is probably no accident!" Undoubtedly, these pieces were struck to provide collectors of the day an example of this rare date.
Five examples are known in copper, one impounded in the Connecticut State Library. Another was in the historic 1914 ANS exhibit (owned at that time by William Woodin). All of the copper strikings show evidence on each side of die rust. As an interesting sidenote, two silver examples are known and they show no evidence of die rust, which would indicate they may have been produced in the 1830s to test a close collar or steam press.