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Lot
1238

1915 $2 1/2 PR67 NGC....

2009 August Los Angeles, CA US Coin Auction #1128

 
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Auction Ended On: Jul 31, 2009
Item Activity: 6 Internet/mail/phone bidders
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Location:

Hyatt Regency Century Plaza
2025 Avenue of the Stars
Los Angeles, CA 90067

Description:
Exceptional 1915 Indian Quarter Eagle, PR67
1915 $2 1/2 PR67 NGC. Exceptional design definition, coarse matte surfaces, and golden-brown color with a greenish hue are the hallmarks of this Superb Gem matte proof. Close examination reveals no surface marks of any consequence on this beauty. The type of finish employed on Indian proof gold varied from year to year; some had a satiny finish, others a granular texture. In 1914 and 1915, the proofs carried a coarse-grained matte or granular finish. As the NGC Census data reveals, opportunities to acquire a Superb Gem proof 1915 Indian quarter eagle are severely limited. Alert specialists will act accordingly.
The 1915 issues were the final year of regular-issue proof gold production, due to diminished collector demand. Only 100 proof quarter eagles were coined, just a fraction of which survive today. The 1915 has long been considered the key issue among proof Indian quarter eagles. Garrett and Guth comment that "the 1915 issue has earned its reputation as a rarity with few offerings and constant demand." They add that "the 1915 quarter eagle Proof has always commanded attention, with a tiny mintage of just 100 pieces. Also being the final year of issue, precious few of these coins remain in gem grades to satisfy collector demand."
In Heritage auctions since 1993, a total of 143 proof Indian quarter eagles have appeared for sale, but just 11 are dated 1915, and only one of the 1915 proofs carried a PR67 grade. Similarly, only 48 of the 610 proof Indian quarter eagle submissions certified by NGC are dated 1915, only seven of which grade PR67 or finer. The data clearly highlights the importance of this particular date. Census: 6 in 67, 1 finer (6/09).
From The Wisconsin Gold Type Set Collection.(Registry values: N7079) (NGC ID# 289P, PCGS# 7964)

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