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Lot
2344

1873 25C Closed 3 MS63 NGC....

2009 April-May Cincinnati, OH (CSNS) US Coin Auction #1124

 
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$65,000
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Auction Ended On: Apr 30, 2009
Item Activity: 4 Internet/mail/phone bidders
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Location:

Duke Energy Center
525 Elm Street
Cincinnati, OH 45202

Description:
Finest Certified 1873 Closed 3 Quarter, MS63
Ex: Boosel, Bass
1873 25C Closed 3 MS63 NGC. The Philadelphia quarters of 1873 come in three separate variants: the 1873 Closed 3, the 1873 Open 3, and the 1873 With Arrows. Of these three varieties, the last has the highest mintage, with over a million pieces struck, and the 1873 Open 3, though it has a mintage of only 172,000 coins, is one of the most available Motto quarters issues in Mint State. The 1873 Closed 3 version, however, is highly elusive, with a total production of just 40,000 business strikes, and most survivors show some degree of wear. NGC and PCGS have certified just 20 examples and those few pieces range from Very Fine to Mint State.
Though the 1873 Closed 3 remains an underrated issue in most grades, collectors are aware of how elusive this issue is in mint condition. NGC and PCGS have certified a mere five Mint State representatives between them, and the MS63 coin offered here is the single finest at either services (3/09). Crisply defined on the design elements, and both sides offer strong, shining luster. The obverse displays violet-inflected iridescence, while the reverse is essentially brilliant. A scattering of fine obverse marks precludes a finer designation.
Ex: Harry Bass, Jr. Collection, Part I (Bowers and Merena, 5/1999), lot 2010 (Bowers and Merena catalogers report this coin is pedigreed to the Harry X Boosel "1873" Collection, RARCOA, 4/1972, lot 601, unplated).(Registry values: P4) (NGC ID# 23UU, PCGS# 5484)

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