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Lot
1161

1883 25C Hawaii Quarter MS67 PCGS. Four official denominations of Hawaiian silver coinage were produced at the San Francisc...

2007 January Orlando, FL (FUN) Signature Coin Auction #422

 
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Auction Ended On: Jan 3, 2007
Item Activity: 10 Internet/mail/phone bidders
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Location: Orlando, FL
Description:
Elite 1883 Kingdom of Hawaii Quarter MS67
1883 25C Hawaii Quarter MS67 PCGS. Four official denominations of Hawaiian silver coinage were produced at the San Francisco Mint this year in far greater quantities than was necessary for the island kingdom. A powerful west coast banker and sugar baron named Claus Spreckels had focused his attention on Hawaii upon passage of a reciprocity treaty between the two countries in the 1870s. Reduction of tariffs provided for in this legislation potentially made sugar cane production extremely profitable, giving Spreckels the window of opportunity he needed. He soon leased and later acquired thousands of acres of land on Maui, irrigated the once-dry isthmus, and built mills to process the cane. His influence on King Kalakaua and strong connections in California eventually prompted a contract with the United States Mint to produce the 1883 Hawaiian coinage, on which his healthy commission included the hundreds of thousands of coins that were later melted. Of the four denominations, the quarter is by far the easiest to acquire in Uncirculated grades as the result of a long-dispersed hoard. The Superb example offered here is among the nicest Mint State survivors we have ever offered. Both sides display bountiful frosty luster and are delicately framed in golden toning. The strike is boldly executed and only the most inconsequential disturbances can be detected under close scrutiny. Population: 9 in 67, 0 finer (11/06). (PCGS# 10987)

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