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Lot
4230

1858 25C PR67 NGC....

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

 
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Auction Ended On: Apr 25, 2013
Item Activity: 6 Internet/mail/phone bidders
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Location: Renaissance Schaumburg Convention Center Hotel
1551 North Thoreau Drive
Schaumburg, IL 60173

Description:

Superb Gem Proof 1858 Quarter
Ex: Eliasberg, Kaufman
1858 25C PR67 NGC. This Superb Gem proof ranks high in the lineup of proof 1858 quarters, probably the finest known, and is the single finest NGC-certified specimen of its issue (2/13).

The original mintage of 1858 proof silver coins is open to question. The long-estimated number struck is 80 pieces. However, this mintage figure did not originate with Mint records, but apparently with one of the Chapman brothers. Later estimates of the 1858 silver proofs rose to between 225 and 300 coins, based largely on David Bowers' research on the 1858 proof dollar for Silver Dollars and Trade Dollars of the United States. The 300-piece figure was extrapolated to the other 1858 silver proof denominations and found its way into the current Guide Book. Based on the certified population, it would appear their mintage was between 80 and 200 and some specimens. In any event, 1858 proof quarters are rare in the Gem and finer levels of preservation.

The base of the 1 is lightly doubled, and the final 8 appears to lean slightly to the right, and is low. Faint die lines connect the D and S and others connect the S and O. Both dies are otherwise well made with few diagnostic features. Larry Briggs assigned proofs the variety number 5-E in Liberty Seated Quarters, although the present coin lacks the "Small die crack from second arrowhead, through third arrowhead, facing into field over 'O' of 'DOL'."

The obverse has a few minor lint marks, similar to most proof quarters of the date. The fields are deep mirrors beneath pale champagne toning with intense peripheral gold, lilac, and blue near the borders, especially on the obverse. The central devices are dominated by champagne-gold. Both sides yield modest field-motif contrast when the coin is tilted ever so slightly beneath a light. A sharp strike is indicated by full design features and a high wire rim with bold dentilation over each side.
Ex: Louis E. Eliasberg, Sr. (Bowers and Merena, 4/1997), lot 1468; The Phil Kaufman Collection of Early Proof Sets, Part One (Heritage, 8/2007), lot 1800; The Scott Rudolph Collection (Heritage, 1/2009), lot 3770.
From The Greensboro Collection, Part III.(Registry values: P5) (NGC ID# 23WK, PCGS# 5554)

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