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Lot
4224

1854 25C Arrows PR66 NGC....

2013 April 24 - 28 CSNS US Coin Signature Auction - Chicago #1184

 
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Auction Ended On: Apr 25, 2013
Item Activity: 3 Internet/mail/phone bidders
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Location: Renaissance Schaumburg Convention Center Hotel
1551 North Thoreau Drive
Schaumburg, IL 60173

Description:

1854 Arrows Quarter, PR66
Tied With One Other as Finest Known
Ex: Parmelee-Woodin-Pittman
1854 25C Arrows PR66 NGC. For its appearance in the second Pittman auction, David Akers wrote:

"In 1854, the Mint increased its production of proof sets and, although they were not yet available to the general public (the practice of selling to the public-at-large did not begin until 1858), they were available to individuals who contacted the Mint directly with a special request to purchase a proof set. The exact mintage of 1854 proof sets is unknown, but perhaps as many as 30-40 silver and copper proof sets were minted and distributed. Although others have stated a contrary opinion, I feel it is most likely that the proof 1854 quarters were struck only for inclusion in those sets and that all survivors today come from the original 30-40 pieces minted. All denominations of 1854, except perhaps the silver dollar, are rarer in proof than generally realized, and it is my opinion that no more than 12-15 proofs of this denomination still exist. This specimen is certainly among the finest and it is also the one with perhaps the most famous pedigree."



This fully struck Premium Gem displays pearl-gray centers and light peripheral sun-gold toning. No obvious hairlines appear, and a line on the lower-right obverse field, parallel with the lower left inner point of star 12, appears to be of Mint origin. This line can be used to confirm the Parmelee-Woodin-Pittman pedigree in any future market appearances.

This piece is tied with one other PR66 NGC example for the honor of finest certified (3/13). The other PR66 is the Eliasberg-Kaufman specimen, which sold in Heritage's 2007 Milwaukee ANA Signature for $138,000.
Ex: Lorin G. Parmelee Collection (New York Coin & Stamp, 6/1890), lot 1248; William H. Woodin Collection (1911), lot 454; Wayte Raymond (2/1947), lot 407; John Jay Pittman Collection, Part Two (5/1998), lot 1328; ANA Signature (Heritage, 7-8/2008), lot 1641, where it brought $75,000; FUN Signature (Heritage, 1/2009), lot 3768, where it realized $74,750.
From The Greensboro Collection, Part III.(Registry values: P4) (NGC ID# 23WV, PCGS# 5550)

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