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30391

1871-S 25C MS66 PCGS. CAC. Briggs 1-A....

2014 June 23 The Eugene H. Gardner Collection of US Coins Signature Auction - New York #1213

 
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Auction Ended On: Jun 23, 2014
Item Activity: 5 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:
Underrated 1871-S Quarter, MS66
Top-Notch Example, Tied for Finest
1871-S 25C MS66 PCGS. CAC. Briggs 1-A. Ex: Stellar. This 1871-S quarter in MS66 PCGS is tied for finest known with another coin in the same grade (also CAC) that traded in a Stack's Bowers auction in August 2012 for $35,938. The 1871-S is an extremely underrated date in high Mint State grades. This piece boasts fantastic luster over frosty surfaces that are untoned in the centers, ceding to vivid orange and copper accents near the rims.

Variety: Briggs 1-A. Triple-punching shows on the first and last digits of the date, just as on the 1871-CC coins; the underdigit remnants are below on the first 1, above on the last 1.

Population Data (5/14): PCGS shows two in MS66 with none finer. NGC's finest is a sole MS65.

Heritage Commentary: The mintage of 1871-S Seated quarters may have been three times that of the 1871-CC, but these coins were made for circulation. The average certified example -- the top end of all survivors -- is a mere XF40. Interestingly, PCGS's CoinFacts website shows only an AG3 example for its online photo.

Consignor Commentary: The quarters struck in San Francisco in the early 1870s are so overshadowed by those struck in Carson City that one loses sight of just how rare these pieces are. Maybe not quite as tough as the CCs, but R.7 pieces in their own right. The current coin is well-struck from lightly rusted dies with virtually no identifying marks or die breaks. A top-notch, lustrous coin with excellent eye appeal.

Provenance: Purchased from Summit Rare Coins (8/2004).(Registry values: P6) (NGC ID# 23UP, PCGS# 5480)

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