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Lot
7387

1911 $2 1/2

1994 ANA Sale #122

 
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Auction Ended On: Jul 29, 1994
Item Activity: 1 Internet/mail/phone bidders Number of Bidders
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Description:
PCGS 1911 PR 67. Like the mintage of the 1910, the mintage of 191 proofs for the 1911 quarter eagle seems extraordinarily high for an issue where perhaps no more than 60-75 pieces may still be extant. Unlike the 1910, however, the finish used this year is quite unlike the Roman Gold finish used previously and there is little possibility than any appreciable number of proofs could have escaped into circulation. The matte or sandblast surface was once again employed as in 1908, but differing somewhat in texture and color with more sparkle on the 1911 and also more of a distinctive yellow-orange color.
This piece is undoubtedly one of the finest, if notthefinest, single specimen of matte proof coinage we have ever seen from this denomination. The surfaces are perfect as far as we can tell--there are no "shiny spots" (a.k.a. luster breaks), contact marks, or other post-striking impairments. The sparkle of the matte surfaces is interrupted only by a couple of darker spots of color (probably tiny alloy spots) that have no affect on the grade or desirability of the coin. They do, however, provide minute markers that can be used if one wished to trace the pedigree of this important coin. The most noticeable spot is a tiny one between the sixth star and the base of the L in LIBERTY. Another can barely be seen below the collar of the Native American's tunic.
In an offering of the magnitude of the Beverly Hills Collection of Matte Proof Gold it is easy to overuse the term "opportunity," for each coin presents a rare opportunity as all matte proof gold is rare in the absolute sense. This piece, however, presents not only an opportunity in the absolute sense of the word "rare," but also an opportunity to acquire what is undoubtedly one of the finest examples of matte proof coinage in this or any other date. (NGC ID# 289K, PCGS# 7960)

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