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1861 25C PR68 ★ Cameo NGC. CAC....
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Sold on Nov 15, 2013 for:
$188,000.00
Bid Source: Live: Floor bidder
Description
1861 Quarter, PR68 ★ Cameo
In a Class of Its Own
1861 25C PR68 ★ Cameo NGC. CAC. Although 1,000 pieces were
struck of the 1861 proof Seated quarter issue, more than 600
examples were melted at the start of the Civil War. The numerically
finest submissions at PCGS are four non-Cameo PR66 pieces and two
PR66 Cameo coins. NGC shows one each in PR67 and PR67 Cameo, making
the Newman coin the sole example certified at the PR68 grade level,
even if the Star and Cameo were omitted (10/13).Both the Civil War date and this piece's status as the sole numerically finest example of the issue graded will surely trigger auction fever. What it will realize, however -- as with many of the finest-graded Newman Collection coins -- can only be speculated. A PR67 NGC non-Cameo example brought $14,950 in our Boston ANA Signature (Heritage, 8/2010), lot 3115. The same coin, six years earlier in our Pittsburgh Signature (Heritage, 8/2004), lot 4046, brought $11,500.
The finest Cameo example that we could find offered at recent auction was also one of ours, a PR66 Cameo PCGS piece that garnered $16,100 in our Central States Signature (Heritage, 4/2011), lot 5092.
In any case, this PR68 ★ Cameo Newman Collection example is in a class of its own, despite any other survivors. The immediate centers of each side remain silver-white, surrounded by bands of amber, rose, and cobalt-blue patina, turning into deep jet-black in the fields. The strike is full throughout both sides, as expected in this lofty grade. Watch the bidder cards fly on this one.
Ex: Eric P. Newman Numismatic Education Society.(Registry values: P4)
Coin Index Numbers: (NGC ID# 23WN, PCGS# 85557, Greysheet# 5292)
Weight: 6.22 grams
Metal: 90% Silver, 10% Copper
Auction Info
2013 November 15 - 16 Selections from the Eric P. Newman Collection Part II Signature Auction - New York #1190 (go to Auction Home page)
Auction Dates
November, 2013
15th-16th
Friday-Saturday
Bids + Registered Phone Bidders: 20
Lot Tracking Activity: N/A
Page Views: 1,713
Buyer's Premium per Lot:
17.5% of the successful bid per lot.
Truth Seeker: The Life of Eric P. Newman (softcover)
A powerful and intimidating dealer of the 1960s, backed by important colleagues, was accused of selling fraudulent gold coins and ingots to unsuspecting numismatists. Who would go up against a man like that and, over the course of decades, prove the fraud? Who would expose a widely respected scholar as a thief, then doggedly pursue recovery of coins that the scholar had stolen from an embarrassed numismatic organization, all over the objections of influential collectors who had bought coins with clouded titles? Eric P. Newman would - and did. Reserve your copy today.
A powerful and intimidating dealer of the 1960s, backed by important colleagues, was accused of selling fraudulent gold coins and ingots to unsuspecting numismatists. Who would go up against a man like that and, over the course of decades, prove the fraud? Who would expose a widely respected scholar as a thief, then doggedly pursue recovery of coins that the scholar had stolen from an embarrassed numismatic organization, all over the objections of influential collectors who had bought coins with clouded titles? Eric P. Newman would - and did. Reserve your copy today.
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