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Lot
3765

1845 25C PR66 NGC....

2009 January Orlando, FL FUN Auction #1121

 
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Auction Ended On: Jan 8, 2009
Item Activity: 6 Internet/mail/phone bidders
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Location:

Orange County Convention Center
North/South Building
9400 Universal Blvd.
Orlando, FL 32819

Description:
Magnificent 1845 Quarter, PR66
The Finest Certified
1845 25C PR66 NGC. Ex: Pittman-Kaufman. The 1845 proof quarter being offered in the present sale once resided in John Jay Pittman's proof set sold intact by David Akers in May 1998 as lot 1711. Akers writes that the coins were contained in an original wood presentation case bound in burgundy-colored Morocco leather. He also notes that this was not an original set, since Pittman purchased most of the coins individually, but says: "... the gold coins undoubtedly constitute an original set and it would also seem that the Half Dime, Dime and Quarter came from the same original set. Therefore, I have decided to offer the set intact rather than break it up and sell the individual pieces."
Akers estimated that five or six 1845 proof quarters survive when he cataloged the Pittman coin more than a decade ago. Larry Briggs wrote in his Liberty Seated Quarters book that about six proof are known, and Walter Breen gave a similar total of six pieces known in his Complete Encyclopedia. NGC and PCGS have graded a combined total of nine submissions, this PR66 being the finest.
The following roster of 1845 proof quarters results from our survey of auction records:

1. PR66 NGC.
The present specimen. Menjou Collection (Numismatic Gallery, June 1950), lot 715; John J. Pittman (David Akers, May 1998), lot 1711, as part of a complete 1845 proof set; the Phil Kaufman Collection (Heritage FUN Sale, 1/2008), lot 3030.

2. PR65 NGC.
William Dickinson Collection (Chapman Brothers, March 1894); J. M. Clapp; Clapp Estate (1942); Louis E. Eliasberg, Sr.; Eliasberg Estate (Bowers and Merena, April 1997), lot 1437; Phil Kaufman; Bowers and Merena (January 1999), lot 1112.

3. PR63.
Earle Collection; Ryder Collection; New Netherlands (49th Sale, June 1957), lot 1152.

4. Proof.
Smithsonian Institution.

Additional Appearances


A. PR64.
Harmer Rooke (November 1989). This piece is either the same as number 3, or it is a fifth example.

The present 1845 proof quarter is attributed as Briggs 5-E, based on the classification system published by Briggs in his Seated Liberty quarter treatise. Obverse 5 is described as a proof die with the date recut, the extra digits left of the final figures. Briggs did not give details about Reverse E, but stated that it is also a proof die. All 12 vertical stripes on the reverse shield appear to pierce the horizontal stripes above, with 8,9,10 the most prominent, and extending to horizontal stripe 5. This differs from the reverse of the Eliasberg coin, where Bowers and Merena catalogers note that vertical stripes 1,2,5,10, and 11 pierce the above horizontal stripes, with 10 and 11 being the most prominent.

This Premium Gem is beautifully toned, with the obverse primarily a medium reddish-gold color with blue and violet at the periphery. The reverse is equally attractive, but the color is somewhat deeper reddish-gold turning to blue at the border. A solid strike manifests itself in sharp definition on the design features, further enhancing the coin's outstanding eye appeal. Close scrutiny with a glass reveals impeccable surface preservation, such that we are hard pressed to identify pedigree markers. Perhaps a minuscule tick left of the date will help serve this purpose. This issue is obviously a great rarity, and the present coin is the finest of the few known pieces.
From The Scott Rudolph Collection.
See: Video Lot Description(Registry values: P5) (NGC ID# 23W8, PCGS# 5539)

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