Rarity: Unique

Notes:
The obverse die of this variety was also used on 1837 Browning 1.

The reverse die is described as follows:
OF evenly centered between STATES and AMERICA.  Second T of STATES higher than E.  25 C. low.  Fletch tip centered over 2.  Bottom arrowhead thick, middle arrowhead thinner, top arrowhead thinnest.

This variety was first reported in January 2001.

Images courtesy of

Significant examples:
NGC Fine-12.  The discovery coin.

Notes:

Sources and/or recommended reading:
"1837 Capped Bust Quarter Dollar" by David W. Lange, John Reich Journal, January 2001, Volume 13, Issue 2, page 43