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Lot
5219

1849 25C PR65 PCGS. CAC....

2014 January 8 - 12 FUN US Coin Signature Auction - Orlando #1201

 
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Offers to date: $42,500 on January 10, 2014
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Auction Ended On: Jan 9, 2014
Item Activity: 6 Internet/mail/phone bidders
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Location: Orange County Convention Center
9800 International Drive
Orlando, FL 32819
Description:

1849 Quarter, PR65
The Garrett-Kaufman Specimen
Probably No More Than Five Proofs Exist
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, but 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 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. A full strike is seen throughout.

1849 Proof Quarter Roster
The roster derives from appearances known to us, 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. FUN Signature (Heritage, 1/1998), lot 6781.

Additional Appearances
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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