1865 $2 1/2
Seldom Seen Proof 1865 Quarter Eagle--One of Only 25 Struck1865 PR 63 PCGS. The true rarity of proof quarter eagles of this date have traditionally been overshadowed by the near-legendary status of the business strikes of this date. However, proofs are also rare, albeit not quite as difficult as business strikes. From an original mintage of 25 pieces, estimates vary today about the number still extant. Akers reckoned only 8 to 10 unimpaired proofs still exist, while Breen estimated there were possibly 12 survivors, and Taglione believed perhaps 13 to 15 might possibly remain. Only 8 pieces have been certified by PCGS (6/96) with 3 others in this grade. Although lightly hairlined, the fields still retain virtually all the watery reflectiveness of an uncleaned coin. The overall visual appeal is also aided by the thick mint frost on both sides that sets up a stark, two-toned cameo appearance. A few scratches on the holder give the illusion of more problems than are actually present on the coin. (NGC ID# 287K, PCGS# 7891)
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