This is an example of the 1827 restrike quarter in copper. Note the heavily rusted state of the dies especially by the 25C on the reverse.
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 J59/P62. This is probably no accident!
There are at least 5 examples known in copper of which Virgil Brand owned 3, one from Scott's 1895 Hull sale (journal #14960), one from Parmelee in 1899 (journal #20762) and the last from the 1907 Stickney sale (journal #38987). The other 2 are the Mitchelson example in the Connecticut State Library and the Woodin - 1914 ANS exhibit coin the latter of which probably accounts for the one sold in the Gschwend sale. One of these has since been silverplated.
Modern pedigrees for these include:
1) Mitchelson-CSL gem proof
2) Parmelee, Brand (9/9/1899 journal id #20762), B/M 11/83, Heritage 2/91, Auction 90 – PCGS64RB, identifiable by a small spot in obverse field under the chin
3) Kreisberg 6/69, Kreisberg 1/70, Ruby, Superior 10/73, Auction 80, Auction 85, Stacks 4/96 – PCGS64RB although Stacks sold it unslabbed, illustrated above
4) Superior - 75 ANA, Ivy - 80 ANA, Stacks 1/90, Queller- Heritage 1/09 - NGC63, silverplated
5) Legend inventory, Heritage 2/17 - PCGS65BN, supposedly the Woodin-1914 ANS and Adams & Woodin plate coin.
Photo courtesy of Stacks.
There are also two silver examples which are overstruck on early bust quarters, the Eliasberg and James A. Stack coins which were struck much earlier. These have much sharper strikes, sharper than any originals or any of the later restrikes. I believe these to be restrikes made in the 1830s to test a close collar or steam press whereas Karl Moulton believes that they actually represent the first 1827 quarters. These are now listed as J48A. The Eliasberg example is illustrated below courtesy of Andy Lustig.