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Lot
5590

1848 25C PR66 NGC....

2013 August 8 - 10 US Coins Signature Auction - Rosemont #1188

 
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Auction Ended On: Aug 9, 2013
Item Activity: 8 Internet/mail/phone bidders
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Location: Hyatt Rosemont
6350 N. River Road
Rosemont, IL
60018
Description:
1848 Seated Quarter, PR66
Finest Certified, Ex: Kaufman
Apparently Rarer Than the Population Data Imply
1848 25C PR66 NGC. Ex: P. Kaufman. The 1848 proof quarter is an incredible rarity. The former Phil Kaufman coin, earlier pedigreed to Louis E. Eliasberg, Sr., is tied for the finest certified by NGC or PCGS.

Walter Breen, in his treatise on proof coins, enumerates seven 1848 proof quarters, two of which are in the Smithsonian Institution and American Numismatic Society collections. Larry Briggs, in his series reference, estimates eight to 10 specimens, and David Akers (1998), in his cataloging of the Pittman coin, accounts for five distinct coins, but says one or two additional pieces may exist.

NGC and PCGS combined have certified a total of six 1848 proof quarters. The former service has seen a PR66 (the present Kaufman coin), and two PR65 pieces, while PCGS has graded a PR66, PR65, and PR62. Aside from the Kaufman specimen, we are unable to account for any of the other certified coins. We did, however, offer a PCGS-graded PR63 in our August 1996 ANA Signature. We show no other public trades in our records; if these rare certified coins exist, they are trading privately, if at all.

The roster updates the listing provided by Akers:

1848 Proof Seated Quarter Roster
1. PR66 NGC. The present coin. Louis E. Eliasberg, Sr. Collection (Bowers and Merena, 4/1997), lot 1443; Phil Kaufman Collection / Baltimore ANA Signature (Heritage, 7/2008), lot 1818, which realized $63,250.

2. Gem Proof. Newcomb, part II (J.C. Morgenthau, 5/1945), lot 833; John J. Pittman Collection (David Akers, 5/1998), lot 1314.

3. Proof. New Netherlands 49th Sale (6/1957), lot 1154.

4. Proof. American Numismatic Society.

5. Proof. Smithsonian Institution.


Light golden-brown patina graces each side of this magnificent quarter formerly in the Kaufman Collection, accented with splashes of electric-blue, russet, and lavender concentrated along the margins. The sharp proof strike appears full throughout both sides, and the frosted devices stand out against mirrored fields. Close inspection reveals no mentionable marks. The closest to a pedigree marker we could mention is a tiny dark toning spot in the horizontal shield lines on the reverse, directly above stripe 1. The cataloger of the Eliasberg sale says of this coin: "From an aesthetic viewpoint this piece rates a '10,' " -- a comment with which we wholeheartedly agree.
From The Greensboro Collection, Part IV.(Registry values: P4) (PCGS# 5542)

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