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Lot
5085

1867-S 25C MS63 ANACS....

2011 April Rosemont CSNS Signature & Platinum Night US Coin Auction #1154

 
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Auction Ended On: Apr 28, 2011
Item Activity: 6 Internet/mail/phone bidders
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Location: Donald E. Stephens Convention Center
5555 N. River Road
Rosemont, IL 60018
Description:
MS63 1867-S Quarter, High-Attrition Issue
Perhaps Six Mint State Coins Survive
1867-S 25C MS63 ANACS. The mintage of 48,000 pieces sounds sufficient for a number of higher-grade 1867-S quarters to have survived, but that is not the case. Beginning with the Gold Rush in 1849 and the subsequent influx of miners and hangers-on, subsidiary coinage was in great demand in northern California. World coins were used until the San Francisco Mint opened in 1854, and then non-U.S. coinage was banned in 1857. Once world coins were no longer usable in the channels of commerce, great pressure was put upon San Francisco to produce a substitute. This increased demand was coupled with a distinctly Western affinity for silver and gold coins rather than paper money, the result predictably being the high attrition rates of S-mint subsidiary coinage. Probably no more than a half-dozen Uncirculated 1867-S quarters are known today. This solid MS63 example exhibits softly frosted mint luster abundantly evident beneath rose and emerald-green toning over each side. The strike is sharp throughout, and the only mark of any note is a horizontal abrasion that connects Liberty's right shin and star 13.(Registry values: P7) (NGC ID# 23UE, PCGS# 5471)

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