LOT #2592 |
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1911-D $2 1/2 MS65 NGC. CAC....
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Sold on Feb 6, 2009 for:
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Description
Rarely Offered MS65 1911-D Quarter Eagle
1911-D $2 1/2 MS65 NGC. CAC. The Indian quarter eagle series is a tempting issue for the beginning gold collector. It is short, with just 15 distinct Guide Book issues; it is generally affordable, even in lower Mint State grades; and most of the pieces are readily available without too much searching or eventual outlay. There is, however, a single glaring exception, the reason so many Indian quarter eagle collections begun are never finished: the 1911-D.The mintage, less than a quarter that of its nearest competitor for lowest on the ladder, is only the beginning of this issue's challenging nature. It was also little-saved at the time of issue, and so the many collectors who seek a lesser Mint State example face the dual pressures of low supply and a crush of demand. Paradoxically, at the Gem level, the 1911-D has a certified population nearly equal to that of some of its fellow lower-mintage issues, suggesting that the pieces were consciously saved with almost equal frequency; the enormous price pressure from below, however, makes the 1911-D a much more expensive issue than its peers.
This carefully preserved survivor offers extraordinary eye appeal. The obverse has boldly detailed, well-rounded devices, and the wire rim at the upper right (a diagnostic staple) is pronounced. The yellow-gold and wheat-gold reverse is luminous with the mintmark strongly defined, if not absolutely bold. The combined certified population shows just five numerically finer examples, two graded by NGC and three by PCGS (12/08).(Registry values: N10218)
Coin Index Numbers: (NGC ID# EGZ7, PCGS# 7943, GSID# 8615)
Metal: 90% Gold, 10% Copper
Weight: 4.18 grams
AGW: 0.12095oz
Mintage: 55,680
Note for clients in the European Union: This lot is considered by the European Union to be “investment gold”. We believe that it meets the criteria established in Article 344(1), point (2) of Council Directive 2006/112/EC and thus should be exempt from import VAT regardless of the selling price. Any questions or concerns about VAT should be addressed to your accountant or local tax authority.
Auction Info
2009 February Long Beach, CA Signature US Coin Auction #1122 (go to Auction Home page)
Auction Dates
February, 2009
5th-8th
Thursday-Sunday
Bids + Registered Phone Bidders: 11
Lot Tracking Activity: N/A
Page Views: 6,839
Buyer's Premium per Lot:
15% of the successful bid per lot.
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