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Lot
5535

1834 $2 1/2 PR63 Cameo PCGS. Small Head, Breen-6138, Variety 1, R.7 as a proof....

2012 October 18-21 ANA US Coins Signature Auction - Dallas #1175

 
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Auction Ended On: Oct 19, 2012
Item Activity: 10 Internet/mail/phone bidders
749 page views
Location: Dallas Convention Center
650 S. Griffin Street
Dallas, TX 75202

Description:

1834 Classic Head Quarter Eagle, PR63 Cameo
Rare No Motto Proof, Variety 1
Only 8-10 Examples Extant
1834 $2 1/2 PR63 Cameo PCGS. Small Head, Breen-6138, Variety 1, R.7 as a proof. The rarity of the 1834 proof Classic Head No Motto quarter eagle has been underestimated in the past, because of the existence of prooflike business-strike specimens that have been mistakenly offered as proofs in early auction catalogs. No mintage figures were recorded, but we know several specimens were produced for inclusion in the famous diplomatic presentation sets (King of Siam, Sultan of Muscat, etc.), along with the 1804 dollar. In the John Jay Pittman Collection, Part II (David Akers, 5/1998), lot 1718, Akers compiled a roster of eight specimens known to him, including two coins impounded in the collections of the ANS and Smithsonian Institution. Unfortunately, due to poor quality of images in the available catalogs cited, we are unable to positively match the present coin to any of the examples in Akers' list. This coin may be one of those listed, or possibly another example Akers was unaware of. Jeff Garrett and Ron Guth estimate a surviving population of 8-10 pieces in all grades.
The coin offered here is an attractive Select example, with sharply detailed design elements and a few minor contact marks and hairlines on the pleasing lemon-yellow and greenish-gold surfaces. The devices are richly frosted, and the fields are deeply reflective, producing strong cameo contrast. Curiously, while the PCGS holder includes the Cameo designation in the grade, the certification number contains only four digits, indicating a non-Cameo coin. We believe PCGS inadvertently left off the numeral 8, which should be the first digit in the certification number, so this coin does not appear as a Cameo in the Population Report, which lists no certified Cameo examples.(Registry values: P1) (NGC ID# 286V, PCGS# 7710)

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