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Lot
588

1889 25C MS68 PCGS....

2009 September Long Beach, CA Signature US Coin Auction #1129

 
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Auction Ended On: Sep 10, 2009
Item Activity: 6 Internet/mail/phone bidders
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Location:

Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Description:
Singular 1889 Quarter, MS68
Ex: Larry Shapiro
1889 25C MS68 PCGS. Ex: Larry Shapiro. A low mintage issue, only 12,000 examples of the 1889 Seated Liberty quarter were struck for circulation, although most probably did not actually circulate. In his Complete Encyclopedia, Walter Breen stated that this issue was extensively hoarded. From 1879 through 1890, quarter dollars and half dollars were produced in extremely limited quantities due to the Bland-Allison Act. It was this Congressional Act that mandated extensive production of silver dollars (the now popular Morgan dollar) and had all of the mints essentially doing nothing else. Dimes were not so much affected simply because they were still needed as small change. Quarters and half dollars enjoyed the least demand at the time, so these were the denominations that suffered (to our benefit today).
This sensational Superb Gem specimen is certain to please the connoisseur, whether he or she be a date collector, a type collector, or someone who simply loves beautiful coins. The surfaces on each side are satiny and ever-so-slightly reflective with highly lustrous devices. Just a trace of gold toning is present at or near the borders on each side, otherwise this is a fully brilliant coin. NGC has certified only three coins at the MS68 level, with none finer, while PCGS has graded only this piece in MS68, with none finer (7/09).(Registry values: P1) (NGC ID# 23VM, PCGS# 5522)

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