1815 Capped Bust Quarter. B-1, the only known dies. Rarity-1--E Counterstamp--MS-65 (NGC).An extraordinary Gem that shows splendid and rich aqua blue around the rims with russet-gold to the centers of the obverse and reverse. The strike is reasonably sharp, and most of Libertys hair curls and the eagles feathers are sharp, although the uppermost curl and the talons show the diagnostic rounding. Close study of the surfaces finds little more than scattered bagmarks, and the Gem level of preservation is evident. The eye appeal is strong and derives from a combination of elegant toning, frosty luster and well preserved surfaces.Why the E counterstamp was applied to a modest number of 1815 and 1825 quarters has always been a mystery. In addition these two dates are also found with L counterstamps, always placed above Libertys head near the rim. A few of these counterstamped coins display minor bending opposite the letter, others do not, as here. Hence, many of these counterstamps must have been applied while the coins were in the press. All sorts of theories have been published, but so far no definitive contemporary evidence has surfaced to explain the significance of these counterstamps. As such, the mystery remains unsolved until someone digs in a new direction and finds out the truth behind these enigmatic and popular pieces. This is one of the finest examples known to exhibit this feature, and it is a coin that will always be in strong demand.