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Lot
4218

1843 25C PR66 NGC....

2013 April 24 - 28 CSNS US Coin Signature Auction - Chicago #1184

 
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Auction Ended On: Apr 25, 2013
Item Activity: 8 Internet/mail/phone bidders
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Location: Renaissance Schaumburg Convention Center Hotel
1551 North Thoreau Drive
Schaumburg, IL 60173

Description:

1843 PR66 Quarter
Finest of Only Six Proofs Believed Extant
Ex: Pittman-Kaufman
1843 25C PR66 NGC. The Kaufman coin is the finest of the four or five known 1843 proof quarters, and is fully two grade points above the next highest-certified examples. While NGC and PCGS have seen a total of 10 1843 proof quarters, several of these are undoubtedly resubmissions. Our research results in the following roster:

1. PR66 NGC. The Kaufman specimen. 1946 ANA Sale (Numismatic Gallery, 8/1946), lot 442 (unplated); John Jay Pittman Collection (David Akers, 5/1998), lot 1309; ANA Signature (Heritage, 7/2008), lot 1808, where it realized $74,750.
2. PR64 NGC. Thomas L. Smith Estate (Stack's, 6/1957), lot 529; FUN Signature (Heritage, 1/2009), lot 3763; ANA Signature (Heritage, 8/2009), lot 1085.
3. PR64 NGC. Dr. Christian A. Allenburger Collection (B. Max Mehl, 3/1948), lot 1015; Floyd T. Starr Collection (Stack's, 10/1992), lot 403; Bowers and Merena (8/1998), lot 155.
4. PR64 NGC. Judge Joseph F. Sawicki (5/1948); John Jay Pittman Collection (David Akers, 10/1997), lot 832 (part of an 1843 Proof Set); Heritage (8/2006), lot 5187; Central States Signature (Heritage, 4-5/2009), lot 2351.
5. Brilliant Proof. Will W. Neil Collection (B. Max Mehl MBS, 6/17/1947; Amon G. Carter, Jr. Family Collection (Stack's, 1/1984), lot 630 (part of an 1843 Proof Set).
6. Proof. Smithsonian Institution.

Additional Appearances (per Walter Breen, 1989)

A. Proof. Davis-Graves (Stack's, 4/1954), lot 354, impaired.

Breen says: "I have seen at least two others, one of them drastically cleaned." In this regard, David Akers, in his cataloging of the Pittman 1843 proof quarter (5/1998, lot 1309), says: "Walter Breen and others have estimated that as many as eight Proof 1843 Quarters exist, noting that some are impaired. I almost always have some reservations about coins of this era and earlier that are called "Proofs" and then are additionally described as 'impaired,' 'cleaned,' 'poorly made' etc. since virtually all specimens that I have seen so described have turned out to be business strikes."

Highly attractive medium intensity cobalt-blue and reddish-gold patina resides in the fields of this outstanding Premium Gem proof, yielding to primarily reddish-gold that is a shade lighter on the central devices. This hue variance accentuates somewhat the field-motif contrast, especially on the obverse. The design elements are fully defined throughout, enhancing even more the already stunning eye appeal. Even under magnification, the surfaces are free of contact marks and hairlines.
From The Greensboro Collection, Part III.(Registry values: P4) (NGC ID# 23W6, PCGS# 5537)

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