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<p>[QUOTE=&quot;Owle, post: 1393300, member: 22004&quot;]I got a result on the &quot;L&quot; counterstamped Bust quarter mentioned earlier; PCGS apparently will not give those numerical grades, but &quot;98&quot; them all, which this one earned. Also, they designated it as the 1825/4/(2) not the 1825/3. So either the &quot;L&quot; on the coin is not one of the ones put on it by the PA religious sect that did that to 1815 and 1825 quarters or PCGS got the variety wrong (unlikely), or some other explanation.</p><p><br /></p><p>This is what Heritage says on these counterstamps:</p><p><br /></p><p><b>1815 25C E Countermark MS66 NGC.</b> B-1, R.1. Numerous theories have been proposed concerning the enigmatic E and L counterstamped Bust quarters, which began to appear in numismatic circles in the second half of the 19th century. Current speculation is that the Economite religious community in Pennsylvania counterstruck these pieces as a voting measure. The E and L counterstamps represented rival factions within the Economites. This is a remarkable example of the E counterstamp. Ocean-blue and orange toning graces lustrous and sharply struck surfaces. Void of any relevant marks, and encapsulated in a prior generation NGC holder. Census: 5 in 66, 1 finer (10/06).(<a href="http://javascript&lt;strong&gt;&lt;/strong&gt;:void(0)" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://javascript&lt;strong&gt;&lt;/strong&gt;:void(0)" rel="nofollow">Registry values</a>: P3) (#5321) </p><p><a href="http://coins.ha.com/c/item.zx?saleNo=422&amp;lotNo=905" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://coins.ha.com/c/item.zx?saleNo=422&amp;lotNo=905" rel="nofollow">http://coins.ha.com/c/item.zx?saleNo=422&amp;lotNo=905</a></p><p><br /></p><p>Another concern: both PCGS and NGC recognize the chopmarked Trade dollars and give them numerical grades.</p><p><br /></p><p>Here NGC grades them but PCGS does not. In my case since no one warned me that PCGS would not give it a numerical grade, I sent it there. For others who come across these coins NGC is probably the way to go.[/QUOTE]</p><p><br /></p>

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