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Lot
3486

1875 25C PR68 Cameo NGC....

2011 December 8-11 US Coins Signature Auction- New York #1162

 
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Auction Ended On: Dec 8, 2011
Item Activity: 12 Internet/mail/phone bidders
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Location: Ukrainian Institute of America at The Fletcher-Sinclair Mansion
2 East 79th Street
New York, NY 10075

Description:
1875 Seated Quarter, PR68 Cameo
Single Finest Certified Specimen
1875 25C PR68 Cameo NGC. Type One Reverse. The 2012 Guide Book lists the mintage of 1875 proof Seated Liberty quarters as 700 pieces, to conform to the number of silver proof sets issued that year. However, Walter Breen believed the quarter was a bit rarer than the other silver denominations and suggested that only 630 pieces were actually struck, 550 during the first quarter of the year and 80 in the third quarter. Breen speculated that the balance of the proof sets might have included 1874 dated quarters, or that the 700 proof set figure was in error. Whether Breen's theories have merit or not, the 1875 is the rarest proof Seated quarter of the 1870s and 1880s.
The present coin stands alone at the height of the certification pyramid. Although NGC verifies that this coin has been certified, it does not yet appear on their Census Report (11/4/11). The finest example listed in their Census is a single PR67 Cameo example. Undoubtedly this coin will appear when the Census is updated. The PCGS Population Report lists no coins above the PR66 numeric grade (11/11).
A coin of surpassing quality, this sharply detailed specimen does show a little softness on the stars, but Larry Briggs notes that this feature is always weakly struck. The frosty devices contrast boldly with the deeply mirrored fields, under attractive shades of champagne-gold and cerulean-blue patina. This combination of the highest available technical quality and spectacular eye appeal is seldom encountered in today's market.(Registry values: P2) (PCGS# 85576)

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