1875 $2 1/2 PR64 Cameo NGC. CAC....

Description

1875 Quarter Eagle, PR64 Cameo
One of the Classics in the Proof Quarter Eagle Series

1875 $2 1/2 PR64 Cameo NGC. CAC. The 1875 quarter eagle is a legendary rarity in 19th century U.S. gold. Collectors interested in the Coronet series are well aware of this dates rarity, whether as a circulation strike or a proof. Only 400 business strikes were produced plus another 20 proofs. Survivors in both formats are predictably low. Probably two dozen or more business strikes are extant today, a number greater than most estimates, but we know one collector who hoarded this date and 15 years ago had 18 pieces. Proofs are another matter and probably only a dozen or so examples are believed extant today, including one held in the Smithsonian.
With only 400 circulation strikes minted, all are essentially first strikes and almost all high grade examples retain significant die polish in the fields and many resemble proofs. Confusion between business strikes and proofs was a problem years ago, but today diagnostics are known for each and prooflike circulation strikes are no longer called proofs and dull proofs are not confused with business strikes. On proof strikings the date is higher than on business strikes and the 5 nearly touches the bust.
Each side of this magnificent rarity shows even reddish-gold color. The surfaces are lightly hairlined, but the only pedigree identifier we see is a linear planchet depression between the eagle's lower beak and left (facing) wing.
While several high-grade proofs are known of the 1875 quarter eagle, they are infrequently offered at public auction. This particular coin has been in a foreign collection for several decades and it is likely that it is completely unknown to the present generation of collectors of rare gold. This is a rare opportunity to acquire one of the classics in the proof quarter eagle series.
From The Henry Miller Collection.(Registry values: P7)

Coin Index Numbers: (NGC ID# 287W, PCGS# 87901, Greysheet# 8505)

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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