1910 $2 1/2 PR67★ NGC. JD-1, R.4....

Description

1910 Quarter Eagle, PR67★
Among the Finest Known
Two-Year Satin Proof Finish

1910 $2 1/2 PR67★ NGC. JD-1, R.4. Only one pair of dies was used to strike the 682 proofs officially recorded for this year. It is generally believed (reinforced by research done by Roger Burdette) that most of this large mintage were spent. The reason was that the October issue of the Numismatist reported none had been struck. Collectors then rushed in orders, greatly inflating the number actually needed by proof gold collectors, then when they realized proofs were not as rare as previously believed many were released into circulation. Still, only 90 to 110 proofs are believed to exist today in all grades.

Mint officials actually cared what coin collectors thought about proofs in the early part of the 20th century. Proof coinage was a product they produced and sold at a small profit, unlike circulation coinage where the only profit possible was from seigniorage (the profit made by a government from the difference between the face value of coins and their production costs). A vote was taken at the 1910 ANA Convention and the previously rejected sandblast finish was now more popular than the Satin, or "bright finish" used on proof gold of 1909 and 1910. And so, the Mint reverted to the sandblast finish in 1911, limiting the "bright finish" to only two years. Collectors today appreciate both finishes.

This piece is among the finest known. The fields display a slightly granular texture and the coin overall is bright with an even reddish-gold color. There are no contact marks on either side that would prove helpful in an attempt to trace the pedigree of this magnificent proof quarter eagle. Census: 12 in 67 (2 in 67+, 2 in 67★ ), 4 finer (7/23).(Registry values: N7079)

Coin Index Numbers: (NGC ID# 289J, PCGS# 7959, Greysheet# 8621)

Weight: 4.18 grams

Metal: 90% Gold, 10% Copper

Note for clients in the European Union: This lot is considered by the European Union to be “investment gold”. We believe that it meets the criteria established in Article 344(1), point (2) of Council Directive 2006/112/EC and thus should be exempt from import VAT regardless of the selling price. Any questions or concerns about VAT should be addressed to your accountant or local tax authority.

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