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30394

1877 25C MS68 PCGS....

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: 8 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:
1877 Quarter, MS68
Splendid Condition Rarity
1877 25C MS68 PCGS. This is a simply splendid coin, another conditional rarity from the Gardner Collection in a grade in which Seated quarters seldom appear. The reverse shows light pinkish-gold patina while the obverse is largely silver-white with a crescent of similar color at the right rim. The surfaces display only a couple of minor abrasions, mostly on the reverse. A couple of reeding marks near star 13 are the only mentionable obverse marks. The strike is sharp on the obverse stars, several of which show recutting.

Population Data (5/14): PCGS and NGC combined have seen 10 in MS68 -- only two of them PCGS -- and none finer.

Heritage Commentary: Needless to say, Seated quarters in the MS68 grade level are seldom seen, regardless of date. The enormous mintage of Seated quarters dated 1877, nearly 11 million pieces, makes this issue a likely candidate for a number of high-grade survivors, however. Mr. Gardner earlier had an MS67 PCGS coin that he bought from Wayne Herndon in November 2004, but he replaced it not long ago with this MS68 PCGS example. At the time he wrote his self-published reference books to his collection, the MS67 PCGS example had a population of 39 coins, and one can tell that Mr. Gardner was not entirely thrilled with it. This MS68 PCGS piece more than makes up.

Provenance: Purchased from Jason Carter (12/2013).(Registry values: P1) (NGC ID# 23V5, PCGS# 5504)

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