LOT #3823 |
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1881 25C MS67 NGC. CAC. Briggs 1-A....
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Sold on Jul 7, 2016 for:
$3,525.00
Bid Source: Internet bidder
Description
1881 Quarter, MS67
Magnificent Low-Mintage Example
1881 25C MS67 NGC. CAC. Briggs 1-A. This Superb Gem is
richly toned over thickly frosted surfaces. Antique-copper color
gives way to golden-olive undertones on the obverse, while the
reverse exhibits electric-blue and lilac peripheral shadings around
a swath of central apricot-tan patina. Both sides are typically
struck and devoid of any noticeable impairments. Two key factors
account for the 1881 being one of the lowest-mintage dates in the
series with a production of only 12,000 coins. At the time,
resources (i.e. silver bullion and manpower) were directed toward
the production of Morgan dollars. Moreover, the face value of
quarters exceeded the coins' intrinsic value as the price of silver
fell, making it profitable for foreign banks and holders of U.S.
silver coins to turn them in to the Treasury Department. As
Treasury holdings ballooned, demand (and therefore mintages)
declined. Census: 11 in 67 (2 in 67 ★ ), 1 finer. CAC: 4 in
67, 1 finer (5/16).Ex: Long Beach Signature (Heritage, 9/2002), lot 6504.(Registry values: P2)
Coin Index Numbers: (NGC ID# 23VD, PCGS# 5513, Greysheet# 5154)
Weight: 6.25 grams
Metal: 90% Silver, 10% Copper
Auction Info
2016 July 7 - 10 Summer FUN US Coins Signature Auction - Orlando Summer FUN #1237 (go to Auction Home page)
Auction Dates
July, 2016
7th-10th
Thursday-Sunday
Bids + Registered Phone Bidders: 8
Lot Tracking Activity: N/A
Page Views: 445
Buyer's Premium per Lot:
17.5% of the successful bid per lot.
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