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1866-S 25C MS66 PCGS....

2008 May Long Beach, CA Signature Auction #1108

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Auction Ended On: May 28, 2008
Item Activity: 15 Internet/mail/phone bidders
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Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Lot Viewing:
Room 103B,C (Tuesday Only)
Booth 400 (Wednesday - Saturday)

Auction Room:
Room 103B,C

Finest Certified 1866-S Quarter MS66
1866-S 25C MS66 PCGS. Briggs 1-A, the only dies. Although the 1866-S half dollar is common, with a mintage of approximately 1 million pieces, the 1866-S quarter is rare. Only 28,000 pieces were struck, and since there were few if any West Coast numismatists, Uncirculated survivors are very rare. We have studied auction records since 1986, when PCGS began operation, and have located only the following appearances, ranked in order of prices realized:

1. MS62 NGC. R.J. Miles, Jr. Collection (Stack's, 4/1969), lot 974; Auction '86 (Stack's, 7/1986), lot 144; FUN Signature (Heritage, 1/2005), lot 6415; FUN Signature (Heritage, 1/2006), lot 2295, which realized $9,775.

2. MS65 NGC. Pre-Long Beach Sale (Superior, 10/2000), lot 3165, which realized $8,625.

3. MS62 PCGS. Eliasberg; Long Beach Signature (Heritage, 9/1997), lot 7022; Richmond Sale, Part III (David Lawrence, 3/2005), lot 1463; Heritage Internet Auction, 5/2005, lot 11203, which realized $7,278.35.

4. MS64 NGC. Long Beach Bullet (Heritage, 5/1995), lot 170; Boys Town Collection (Bowers and Merena, 3/1998), lot 1038, which realized $6,380.

5. Very Choice Brilliant Uncirculated. Empire State Collection (Stack's, 1/1997), lot 549, which realized $5,280.

6. MS64. Hollinbeck Coin Company, 3/1956, lot 1775; Norweb Collection, Part Two (Bowers and Merena, 3/1988), lot 1630, which realized $3,080.

7. MS62 PCGS. Long Beach Signature (Heritage, 9/1999), lot 6372, which realized $2,990. This example has a die crack from the arrows through the final A in AMERICA.

The present piece is housed in a first generation holder, and apparently has not appeared at auction since it was encapsulated. Approximately 20 years after it was first graded, it remains the single finest certified example. It is well struck aside from a few stars, and exhibits booming cartwheel luster. Dashes of russet-brown toning are present near the date and star 8. Clashed within the reverse shield and about the left (facing) wing.
Those in search of identifying marks will not find any, but there is a brief horizontal lintmark that begins beneath the Y in LIBERTY. As the finest certified example, the importance of the present coin to the specialist cannot be overstated. Population: 1 in 66, 0 finer (4/08).
From The Silbermünzen Collection.(Registry values: P7) (NGC ID# 23UC, PCGS# 5469)

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