Welcome Sign-In | Join Now
Sold for Sign-in or Join (free & quick) includes Buyer's Premium (BP) 


1870 Quarter Eagle, PR65
Eye-Appealing and Conditionally Rare

1870 $2 1/2 PR65 PCGS. CAC. Another in the string of remarkable rarities from this superb consignment, the present Gem proof 1870 quarter eagle is the sole finest certified at PCGS with non-Cameo surfaces, tied numerically with a single PR65 Deep Cameo (8/12). Amazingly, only four submissions appear for the 1870 quarter eagle proof in all unimpaired grades, the other two both PR64 non-Cameo examples. PCGS has also seen two proofs that it graded PR58, i.e. lightly circulated examples.
The situation is similar at NGC, which has also seen four submissions in all unimpaired grades: one in 60, one each in 61 Cameo and 66 Cameo, and one in 66 Ultra Cameo. Given the total of eight submissions at both services combined, we would be surprised if a dozen examples of the issue survive to this day.
What factors combine to make the proof 1870 quarter eagles so rare? The mintage is one obvious starting point, a recorded 35 pieces, but the Mint may not have sold all of those coins during the Reconstruction Era, quietly melting them as unsold at year-end. The meager mintage of circulation strikes was only 4,520 pieces, as well. The presence of a couple of lightly circulated proofs in the certified populations points up another factor -- attrition -- that is always a factor in proof gold from more than 140 years ago. Perhaps some other examples were spent and not recovered from circulation, until they became so worn as to be unrecognizable today.
This Gem offers moderate field-device contrast on deep orange-colored surfaces, not quite at the Cameo level but still perceptible and extremely attractive. Lovely lilac accents appear on Liberty's neck and the interstices of the coronet around LIBERTY. The reverse shows similar colors, orange and gold with lilac glints around the eagle. The eye appeal and conditional rarity are equally compelling.
From The Nottingham Collection.(Registry values: P5) (NGC ID# 7K7X, PCGS# 7896)

View all of [The Nottingham Collection ]

Service and Handling Description: Coins & Currency (view shipping information)

Sales Tax information  | PCGS Guarantee of Grade and Authenticity  |  Terms and Conditions

Bidding Guidelines and Bid Increments

Glossary of Terms

Auction Info

Auction Dates
October, 2012
Internet/Mail/Phone Bidders: 10
Members Tracking: N/A
Page Views: 729

Buyer's Premium per Lot:
17.5% of the successful bid (minimum $14) per lot.

Heritage membership

sold in the last year

Join Now - It's Free

  1. Past Auction Values (prices, photos, full descriptions, etc.)
  2. Bid online
  3. Free Collector newsletter
  4. Want List with instant e-mail notifications
  5. Reduced auction commissions when you resell your

Consignments wanted

Only 36 days left to consign to the 2015 December 10 - 12 World Coins Signature Auction - Hong Kong!

Learn about consigning with us

You will never be ripped off, scammed, or knowingly sold fakes on Heritage's ongoing online coin auctions, and sometimes the deals are amazing! You can do price research, grade comparisons, you name it (heck, I could almost write a whole article about the ways to use Heritage's Web site!).
Susan Headley
Coin Host/Journalist,,
New York, NY
View More Testimonials receives more traffic than any other auction house website. To compare for yourself, visit:

Video tutorial

Getting the most out of search

Recent auctions

2015 August 12 - 16 ANA US Coins Signature Auction - Chicago
2015 August 12 - 16 ANA US Coins Signature Auction - Chicago
REALIZED $34,801,934
2015 August 13 ANA World and Ancient Coins Platinum Night Auction
2015 August 13 ANA World and Ancient Coins Platinum Night Auction
REALIZED $9,698,676
2015 August 13 ANA Currency Platinum Night Auction - Chicago
2015 August 13 ANA Currency Platinum Night Auction - Chicago
REALIZED $1,870,380

© 2015 Heritage Auctions | All Rights Reserved