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Lot
8153

1894 $2 1/2 PR65 PCGS. Proof Quarter Eagle production at ...

2003 February Long Beach Signature Sale #314

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Auction Ended On: Feb 28, 2003
Item Activity: 6 Internet/mail/phone bidders
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Description:
Fully Original Gem Proof 1894 Liberty Quarter Eagle Rarity
1894 $2 1/2 PR65 PCGS. Proof Quarter Eagle production at the Philadelphia Mint ratcheted up to 122 pieces in 1894, but this issue is equally as elusive as the lower mintage 1892 and 1893. No more than 44 examples of the proof 1894 delivery are believed extant, only 18 coins of which have received a PR65 grade at PCGS (10/02). Three of the latter have sold in recent years:

1. Ex: Harry W. Bass, Jr. Collection (Bowers and Merena, 5/2000), lot 256, where it realized $9,775.

2. Ex: FUN Signature Sale (Heritage, 1/2001), lot 8124, where it realized $10,063.

3. Ex: Long Beach Signature Sale (Heritage, 2/2002), lot 6737, where it realized $13,225.

The present example is a distinct specimen that is identifiable by a tiny planchet void (as struck) in the lower left obverse field inside star 1. Although not designated as such on the PCGS insert, both sides display appreciable cameo finish with bold field-to-device contrast. Rich orange-gold color blankets fully brought up features that are free of mentionable hairlines and contact marks. There is a tiny swirl of haziness in the reverse field above the eagle's head, but it is anything but distracting. (NGC ID# 288H, PCGS# 7920)

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