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Lot 4014 |
1899 $2 1/2 PR68 Ultra Cameo NGC....
2009 January Orlando, FL FUN Auction #1121
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Bid Information
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It is possible under several circumstances for winning bids to be between increments. It is also possible for an existing bid to be outbid by less than a full increment, sometimes by only $1. This usually happens when two bidders feel that a lot is worth about the same amount, but one places an off-increment bid. Generally when this happens, the Current Bid was much lower than the high secret maximum bid when the off-increment bidder placed his bid.
For example: On Tuesday, you bid $1500 against Bidder A's Maximum Bid of $1000, raising Current Bid to $1100. Then on Thursday, Bidder B, seeing a Current Bid of $1100, guesses the final price and decides to bid $1501, outbidding your Maximum Bid by $1. You would now have to bid $1600 through Heritage Internet bidding or $1550 on Heritage Live (if available for the auction) to possibly win that lot. Next time, maybe you'll bid $1502 and outbid Bidder B by $1!
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What's This?
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What's This?
The owner of this item has indicated that they would sell this item at the amount, although their acceptance of your offer is required before the item can be purchased.Our Auction Results Archives now allow our members to make anonymous offers on items that may not be auctioned again for some time. Please note that the winner of this Heritage auction lot may or may not still own this item and may or may not be willing to sell.
This Make Offer to Owner (MOTO) program is still in the Beta Test phase, and we would appreciate any suggestions to help us improve our system. Please email your suggestions to Webmaster@HA.com.
Heritage retains 10% of the total price as its commission (compared with a 12%-25% Buyer's Premium charged on auction transactions), from which Heritage absorbs all credit card/PayPal costs. This service is free to the buyer (no Buyer's Premium), includes a 7 day return policy, and protects the identity of both parties. Because no Buyer's Premium is charged on Make Offer to Owner transactions, auction consignment discount coupons are invalid.
Our software allows offers and counter-offers, but we suggest making your best offer the first time as most owners will not respond to low offers at all. You will receive a response or no-response email from Heritage within 72 hours.
BP - Buyer's Premium
A Buyer's Premium will be added to each successful bid. For this sale: 15% of the successful bid (minimum $9) per lot. Please see #2 in our Terms & Conditions.Not Sold
This indicates an item that did not sell at auction because it did not receive bids equal to or greater than the reserve (minimum bid) amount set by the consignor, or the opening bid.Opening Bid
The opening bid is the minimum amount required to begin bidding, and is generally a percentage of the low estimate.
| Sold for: |
$40,250.00
(includes BP  ) Bid Source: Live: Floor |
| Auction Ended On: | Jan 8, 2009 |
| Item Activity: |
4 Internet/mail/phone bidders
5,685 page views |
Description:
Stunning 1899 Quarter Eagle, PR68 Ultra Cameo
1899 $2 1/2 PR68 Ultra Cameo NGC. For various reasons--some quite obvious--certain issues are subject to multiple resubmissions to third party grading companies. The result is that the population data is less valuable as a research tool. Garrett and Guth comment in their Encyclopedia of U.S. Gold Coins: "The certification services have graded more than 250 examples of the 1899 Liberty Head quarter eagle in proof. Obviously, this includes rampant resubmissions. There are probably around 100 examples of the date known in proof." Considering the total mintage of 150 1899 proof quarter eagles, the Garrett-Guth estimate of extant survivors is consistent with the level of attrition typically observed with turn-of-the-century proof gold issues. The same authors documented just 49 auction appearances for this issue between 1991 and 2005, with the grades of those coins averaging PR63. And that's where the current offering parts company and enters a league of its own.Jet-black fields burst into a display of brilliant reflectivity when rotated under a light source. The resulting contrast with the excessively frosty devices makes for a stunning show of beauty and unimaginable preservation. NGC's grade determination was obviously further influenced by the bold strike of this specimen. The resulting aesthetic quality seems incomparable, even though NGC has recorded eight examples at the PR68 Ultra Cameo level (11/08). However, as stated above, the Census Report data is clearly skewed to the high side, caused by resubmissions of those in pursuit of a higher grade.
At the PR68 Ultra Cameo tier, one would assume that the submitter would accept the lofty grade and be satisfied. Such is not the case. Since 2004, the population at this level has increased four-fold. Were the six additions to the Census Report new coins or simply resubmissions? That question can only be answered by the original submitters. We also note that five pieces have been awarded the seemingly impossible grade of PR69 Ultra Cameo within the series of proof Liberty quarter eagles. The dates of those Superb Gems are concentrated around the 1899 issue: one 1898 coin, three 1900 examples, and one 1901 piece. Therefore, one can easily conclude that it is possible for an 1899 PR68 Ultra Cameo Liberty two and a half to eventually make it into a PR69 Ultra Cameo holder, especially considering that the distinction between the two grades is nearly indistinguishable.
The current specimen is the finest 1899 proof quarter eagle to ever cross the block at Heritage. That's significant when one considers the mindboggling parade of rarities we have offered over the years. The next finest pieces were two PR67 coins that were part of two separate auctions over 10 years ago. Additionally, this piece represents only the second PR68 Ultra Cameo Liberty quarter eagle--regardless of date--to be offered in one of our sales. The other coin was an 1894 example that was part of our July 2005 Signature Sale held in conjunction with the ANA convention in San Francisco. All things considered, aggressive bidding competition is sure to ensue when this Superb Gem proof is called at auction.
(Registry values: P2) (#97925)
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Shipping Description: Coins & Currency (view shipping information)
Guides and Pricing Information:
Previous Prices from Heritage Auctions
| Lot | Date | Grade | Service | Realized |
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No previous prices realized recorded for this item in this grade. View prices realized from this item in other grades (you must be signed in) |
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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.
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BP - Buyer's Premium
A "Buyer's Premium" is charged in addition to the successful bid according to the rate defined in our terms and conditions.Price Guide*
| Grade | Coin World (Coin Values) |
Numismedia Retail |
Numismedia Wholesale |
Numismedia NGC (nmn) |
Numismedia PCGS (nmp) |
PCGS Price Guide |
PCGS+ |
|---|---|---|---|---|---|---|---|
| 67 | $45,000 | $37,500 | $30,000 | $27,250 | $27,500 | $51,500 | $56,000 |
| 68 | --- | $53,130 | $42,500 | $38,500 | $38,750 | $75,000 | --- |
| 69 | --- | --- | --- | --- | --- | --- | --- |
| *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 | 0 | |||||
| NGC | 68 | 8 | 0 | 35 | - | ||
| CAC | 68 | 2 | 0 | 14 | - | ||
| *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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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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