The coin was recently discovered in an old collection that had been held by the Wheeler family of New Jersey for decades. After the current owner inherited the collection, they were unsure of its authenticity and decided to submit it to NGC for certification. NGC graded the coin NGC Mint Error AU 50 and pedigreed it to the Wheeler family.
Although the date of the coin is missing because it could not fit on the smaller quarter planchet, NGC was able to identify the date range as 1871–75 because of the size and shape of the “S” mintmark that appears on the reverse. The “S” mintmark also indicated that this coin was struck at the legendary San Francisco Mint.
“This is undoubtedly the most interesting error coin I have ever handled,” said Ian Russell, president of GreatCollections, which is selling the coin. “I am thrilled to be able to offer this important NGC-certified rarity.”