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Lot
3766

1853 25C Arrows and Rays PR66 Cameo NGC....

2009 January Orlando, FL FUN Auction #1121

 
Sold for: $230,000.00 (includes BP )
Bid Source: Internet
Auction Ended On: Jan 8, 2009
Item Activity: 11 Internet/mail/phone bidders
6,024 page views

Description:

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Marvelous 1853 Arrows and Rays Quarter, PR66 Cameo

1853 25C Arrows and Rays PR66 Cameo NGC. Ex: P. Kaufman. The 1853 issues are considered the rarest and most desirable proof Seated Liberty proof. All denominations are rare, especially the quarter dollar and half dollar. The Premium Gem Cameo proof offered here is second finest of four or five certified proofs.
Walter Breen recorded a proof mintage of five coins for each silver issue through the half dollar. However, it is not known where he obtained these figures. Breen also claims that the proofs were coined on March 3, 1853, on the strength of a comment made by Harold Newlin in 1883. Newlin claimed that the first half dimes with arrows were made on March 3, 1853. Since April 29 was the first coinage of record, Breen decided that the proofs of all denominations were made on March 3.
David Akers published a census of 1853 Arrows and Rays quarters in the May 1998 John Jay Pittman Collection catalog, which we have expanded as 10 years have passed since that sale. Our roster lists seven different examples, although one or two of these can be discounted as prooflike business strikes. Only four of the following seven pieces have been certified as proofs.

1. PR66 Cameo NGC. The present coin.
The Phil Kaufman Collection of Early Proof Sets, Part One (Heritage, 8/2007), lot 1785. This piece does not match any of the following.

2. PR65 NGC.
Louis E. Eliasberg, Sr. (Bowers and Merena, 4/1997), lot 1454; Heritage (1/1998), lot 6782; David Lawrence (3/2005), lot 1522. In the Eliasberg catalog, Dave Bowers described this piece as MS64, prooflike, noting "possibly a candidate for 'proof' attribution." Since the time of that sale, it has been certified as a proof.

3. PR64 NGC.
Jerome Kern Collection (B. Max Mehl, 5/1950), lot 1445; John Jay Pittman (David Akers, 5/1998), lot 1325; Bowers and Merena (8/1999), lot 141; Goldberg Coins (2/2002), lot 704; Superior (1/2004), lot 287.

4. MS64, prooflike.
Thomas L. Elder; Norweb Collection (Bowers and Merena, 3/1988), lot 1594. Dave Bowers cataloged this as a prooflike business strike in the Norweb catalog, but a decade later Dave Akers included it in his census of proofs.

5. PR63 PCGS.
Stack's, Auction '80, lot 1184; Stack's, Auction '90, lot 143; Stack's (5/1992), lot 2659; Superior (6/1999), lot 2099; Superior (10/2000), lot 4360; Goldberg Coins (5/2001), lot 561; Superior (1/2004), lot 2354.

6. Proof.
Lester Merkin (6/1968), lot 291; Stack's (10/1990), lot 1638.

7. Proof.
National Numismatic Collection; Smithsonian Institution.

NGC has certified a PR67 piece in addition to those listed above. We have no further notes about that piece, probably a resubmission of one of the above listed coins.
The obverse field is deeply mirrored, and the reverse field is lightly mirrored, with numerous die polish lines visible on both sides. Slight mirrored surface appears between the vertical shield stripes on the reverse. No clash marks, die cracks, or other defects can be found. Both arrowheads and the date are recut, visible mostly on the 53 and right arrowhead. The shield point is over the right base of the 1, or about centered between the 1 and 8. The reverse has faint die scratches inside the Q. Short die lines extend up to the left from the dentils outside of stars 11, 12, and 13.
Bold design elements on each side suggest the proof status of this Premium Gem. Every individual detail is bold and completely defined. Every central line in each of the 13 stars are complete. The head detail is stronger than any seen to date. No toning is present on either side, thus the brilliant silver surfaces allow maximum contrast between the fields and devices. The left obverse field has a shallow blemish between Liberty's arm and star 2. A partial wire rim is visible around much of the obverse and reverse circumference. Census: 1 in 66 Cameo, 1 finer (10/08).
From The Scott Rudolph Collection.
See: Video Lot Description(Registry values: P5) (#5548)

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Bidding Guidelines and Bid Increments

Guides and Pricing Information:


Previous Prices from Heritage Auctions

Lot Date Grade Service Realized
Auction 444, Lot 1785 Sunday, August 12, 2007 66 NGC $276,000.00
View prices realized from this item in other grades (you must be signed in)
PLEASE NOTE: All prices realized reflect the final hammer price PLUS the buyer's premium in auctions that charge a buyer's premium. Each item has a notation at the top of the listing indicating whether that lot included a buyer's premium. All information listed is intended to be as accurate as possible, but errors are possible. Please use this guide carefully and inform us of any inaccuracies.

Price Guide*

Grade Coin World
(Coin Values)
Numismedia
Retail
Numismedia
Wholesale
Numismedia
NGC (nmn)
Numismedia
PCGS (nmp)
PCGS
Price Guide
PCGS+
65 --- $131,250 $105,000 $96,500 $96,500 $250,000 ---
66 $200,000 $181,250 $145,000 $135,000 $135,000 --- ---
67 --- $218,750 $175,000 $160,000 $160,000 --- ---
*All information listed is intended to be as accurate as possible, but errors are possible. No item may be returned or refused based on this information which is provided as a service to our customers. You should contact each pricing source directly to determine the accuracy of this information.

Population Guide

Service Grade Population in this Grade Population of Higher Grade Population in All Grades + Mintage Engraver
PCGS Not available from PCGS 5 Christian Gobrecht
NGC 66 0 1 3 -
CAC - - - 0 -
*This information is provided and owned by PCGS. Its display and use are subject to the licensed agreement between PCGS and Heritage Auctions.

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Proof Seated Quarters, 1853 25C Arrows and Rays PR66 Cameo NGC....


Proof Seated Quarters, 1853 25C Arrows and Rays PR66 Cameo NGC....


Proof Seated Quarters, 1853 25C Arrows and Rays PR66 Cameo NGC....


Proof Seated Quarters, 1853 25C Arrows and Rays PR66 Cameo NGC....

We changed the way we image slabbed coins on February 1, 2010, in order to get a more accurate image of the coin. To get the sharper details and more accurate colors we have focused the lighting on the actual coin, which has caused the top of the holders to appear darker and milky. Please disregard the color of the holders when examining the images.

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