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Gem Proof 1849 Quarter
1849 25C PR65 PCGS. CAC. Offered by us in two previous sales
where it was graded PR66 NGC, this impressive Gem is now
conservatively graded PR65 PCGS. This piece ranks as one of the two
finest known examples. Past numismatists have estimated that only
three to five 1849 proof quarters exist, and we believe that the
true population is five coins. PCGS shows five certified examples
that include PR63, PR65 (2), and PR66 (2). NGC has certified four
proofs including PR63 (2), PR64, and PR66, and the latter coin is
this example that no longer resides in the NGC holder, so their
effective population is only three coins. It is virtually certain
that some duplication exists among those certified pieces. A medley
of blue-green and tan-gray patina adorns both sides of this
charming Premium Gem, taking on deeper hues on the reverse.
Relatively strong field-motif contrast is noted on the obverse,
while the depth of toning on the reverse tends to mute this
variation. An exacting strike imparts excellent definition to the
design features of this impeccably preserved Gem proof.
The Garrett-Kaufman Specimen
The following enumeration is derived from appearances known to us, and is revised from our earlier rosters:
1. PR66 PCGS. William Dickinson Collection (Chapman Brothers, 3/1894); J.M. Clapp; J.H. Clapp. Clapp estate, 1942; Louis E. Eliasberg, Sr.; Eliasberg Estate (Bowers and Merena, 4/1997), lot 1445; Heritage (2/1999), lot 5915.
2. PR65 PCGS. The present coin, previously certified PR66 NGC. J. Colvin Randall Collection; John Work Garrett Collection, Johns Hopkins University (Stack's, 3/1976), lot 160; Kenneth C. Long Estate (Bowers and Merena, 5/1995), lot 1089; Phil Kaufman Collection, Part Three (Heritage, 4/2008), lot 2390; Greensboro Collection, Part III (Heritage, 4/2013), lot 4221.
3. Gem Proof. R. Green (10/11/1949); John Jay Pittman (David Akers, 5/1998), lot 1315.
4. PR65/64. Norweb Collection (Bowers and Merena, 3/1988), lot 1585.
5. PR63 PCGS. 1998 FUN Sale (Heritage, 1/1998), lot 6781.
A. Lorin Parmelee Collection (New York Stamp & Coin, 1/1890). Possibly any of the above except the Garrett specimen.
B. H.P. Smith Collection (Chapman Brothers, 1906). Possibly number 3, 4, or 5.
C. Matthew Stickney Collection (Chapman Brothers, 1907). Possibly number 3, 4, or 5.
D. George Earle Collection (Henry Chapman, 6/1912). Possibly number 3, 4, or 5.
E. Jerome Kern (B. Max Mehl, 5/1950), lot 1440. Possibly number 4 or 5.(Registry values: P4) (NGC ID# 23WC, PCGS# 5543)
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