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1833 25C PR65 PCGS....

2008 May Long Beach, CA Signature Auction #1108

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Auction Ended On: May 28, 2008
Item Activity: 13 Internet/mail/phone bidders
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Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Lot Viewing:
Room 103B,C (Tuesday Only)
Booth 400 (Wednesday - Saturday)

Auction Room:
Room 103B,C

Extremely Rare Gem Proof B-1 1833 Quarter
1833 25C PR65 PCGS. B-1, R.2 as a business strike, High R.7 as a proof. Period after 25 C. An outstanding specimen of this formidable rarity. The portrait and eagle have a needle-sharp strike, as is the case for the right-side stars. The lower left stars and the drapery fold near the bust tip show incompleteness, which suggests the dies were slightly misaligned. The fields are fully mirrored, and the devices are frosty. Likely eligible for a Cameo designation, but encapsulated in a first generation holder, before Cameo was bestowed on most proof series.
Lightly toned with freckles of forest-green and autumn-gold. Thorough rotation fails to locate any marks, although a minuscule planchet flaw above the uppermost arrow shaft provides an identifier.
In past decades, prooflike Capped Bust quarters were often described as proofs, and sometimes even as one-sided proofs. The definition of what constitutes a proof has tightened since PCGS began operations in 1986. Only a few proof 1833 quarters have been certified by NGC and PCGS. Auction appearances of those certified proofs, ranked in order of prices realized, are reported as:

1. PR65 PCGS. B-1. The present lot. Auction '86 (Superior, 7/1986), lot 1091; Thomas S. Chalkley Collection (Superior, 10/1990), lot 2568, which realized $70,400.

2. PR65 Cameo NGC. B-1. Dr. C.A. Allenburger Sale (B. Max Mehl, 3/1948), lot 894; John Jay Pittman Collection, Part Two (David Akers, 5/1998), lot 1291; New York Signature (Heritage, 7/2002), lot 7791; Portland Signature (Heritage, 3/2004), lot 5632; San Francisco Rarities Sale (Bowers and Merena, 7/2005), lot 443, which realized $46,000.

3. PR65 NGC. B-1. John H. Clapp; Louis E. Eliasberg, Sr. Collection (Bowers and Merena, 4/1997), lot 1403; FUN Signature (Heritage, 1/1998), lot 6761, which realized $28,000; Baltimore Signature (Heritage, 7/2003), lot 6917, unsold.

From The Silbermünzen Collection. (PCGS# 5381)

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