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Lot
2352

1847 25C PR65 PCGS....

2009 April-May Cincinnati, OH (CSNS) US Coin Auction #1124

 
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Auction Ended On: Apr 30, 2009
Item Activity: 4 Internet/mail/phone bidders
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Location:

Duke Energy Center
525 Elm Street
Cincinnati, OH 45202

Description:
Spectacular 1847 Quarter, PR65
1847 25C PR65 PCGS. A very rare early proof striking. In Breen's 1977 opus on proof coinage, he recorded seven individual examples of this date, suggesting that some duplication may exist among coins in his list. Neither he nor Larry Briggs estimated the number originally struck, but it probably was not more than 20 pieces. David Akers suggested that all 1847 proof quarters were coined for inclusion in the 10 to 15 proof sets that were issued in 1847.
All proofs have the normal date with no repunching or recutting, and the reverse is from the same proof die used in 1846. Our current research into early proof Seated Liberty rarities suggests that about eight examples are known today, about half of the original mintage.
When closely examined, the reverse shows evidence of being struck from heavily polished dies, as there are innumerable die striations running diagonally across that side. This feature takes a significant amount of magnification to see as the surfaces are toned in multiple layers of speckled and streaked blue, olive-green, citrine, rose, steel-gray, and other colors. Deeply reflective fields provide a backdrop for a uniformly high-quality strike that is nearly on par with post-1858 proofs. A very rare opportunity as early proofs are seldom seen today. Population: 2 in 65, 0 finer (3/09).
From The Joseph C. Thomas Collection.(Registry values: P4) (NGC ID# 23WA, PCGS# 5541)

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