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Lot
7368

1863 $2 1/2

1994 ANA Sale #122

 
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Auction Ended On: Jul 29, 1994
Item Activity: 1 Internet/mail/phone bidders
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Location: Detroit, MI
Description:
PCGS 1863 PR 64. The 1863 and 1841 quarter eagles are the two foremost rarities in the entire Coronet quarter eagle series. None were struck for circulation purposes and only 30 proofs were coined of this date. Of that number it has been variously estimated that survivors number between a low of 10-12 pieces (Akers) to as many as 18 (Breen). Whomever one chooses to believe, very few examples of this date exist in any condition, and some 6-9 pieces are impaired. (And speaking of impaired, the Norweb coin was only graded PR 45). All coins were struck from a single pair of dies on March 23 of that year.
The surfaces of this piece exhibit a slight haziness from having been cleaned at one time, the evidence of which is almost exclusively seen on the obverse. As a distinguishing mark, there is a small planchet flake by star 2 on the obverse, however, we have been unable to trace the pedigree of this important coin in major gold auctions sold over the past decade. According to the most recent population data available as this is cataloged (from June) the combined staffs of both PCGS and NGC have only certified 3 other pieces in PR 64 with 2 coins in a higher grade, both PR 65. (NGC ID# 287H, PCGS# 7889)

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