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Lot
2516

1869 25C MS66 PCGS....

2010 January Orlando, FL FUN US Coin Auction #1136

 
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Auction Ended On: Jan 7, 2010
Item Activity: 9 Internet/mail/phone bidders
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Location: Orlando, FL
Description:
Semiprooflike MS66 1869 Quarter
Tied for Finest Certified
1869 25C MS66 PCGS. A mere 16,000 pieces were struck for circulation of the 1869 quarter, plus another 600 proofs for collectors. Scarce in all grades and especially so in mint condition. Only 22 pieces have been certified by both of the major services in MS60 and better grades. This piece is tied as finest certified with another MS66 that has been graded by NGC (11/09). This coin would truly be a centerpiece of a collection of With Motto quarters. The fields are bright and semireflective, a quality that is apparent even through the rich layers of gray-rose and cobalt-blue toning. The flashiness in the fields is due in large part to faintly visible die polishing marks on each side.
The initial appearance of this piece suggestive of a quarter struck 10 years later. The reason, of course, is because the coins struck beginning in 1879 were low mintage dates such as this one. This meant the initial die polish and reflectivity did not wear off the dies from repeated striking, as one would see on a higher mintage coin. While the means of production were similar in each case, what is singular and noteworthy about this coin is the earliness of the date. It is unusual to locate such high grade pieces from 1869. It must be remembered that the low mintages that began in the early part of the Civil War were not automatically suspended once the Union was reunited. This piece is sharply struck and, of course, devoid of any mentionable surface flaws.(Registry values: P6) (NGC ID# 23UH, PCGS# 5474)

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