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Lot
7110

1856 25C PR66 NGC....

2011 August Chicago Signature US Coin & Platinum Night Auction #1158

 
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Auction Ended On: Aug 12, 2011
Item Activity: 7 Internet/mail/phone bidders
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Location: Marriott - Chicago O Hare
8535 W. Higgins Road
Chicago, IL 60631

Description:
Rare 1856 Seated Quarter
Toned Premium Gem Proof
1856 25C PR66 NGC. A rare proof striking, made two years before the U.S. Mint broke decades-old traditions and finally started marketing proof coins to the collecting public at large. The mintage of the 1856 Seated quarter business strike is a generous 7.26 million coins, a sign that the Mint wanted to continue the inroads it had made in circulating coinage in 1854-55 with the silver content weight reduction and the Arrows and Rays designs. Larry Briggs estimates that 25 proofs of this year were made, while the Guide Book provides no figure and the Breen Proof Encyclopedia comments, "probably slightly rarer than the dime, less than 30 surviving."
The proof die shows a die bulge under the base of the first A in AMERICA down through the right wing area to the L in DOL. That attribute is perceptible on this piece, although far from obvious. More interesting are a couple of raised die lines on the obverse shield, under the R of LIBERTY. Iridescent gold and violet toning dominates both sides of this sharply detailed piece. Frosty luster appears on the devices, but toning in the fields somewhat subdues the reflectivity. Census: 3 in 66, 0 finer (5/11).(Registry values: P2) (NGC ID# 23WH, PCGS# 5552)

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