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1881 25C PR68+ ★ Cameo NGC. CAC....
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Sold on Nov 15, 2013 for:
$44,062.50
Bid Source: Live: Floor bidder
Description
1881 Quarter, PR68+ ★ Cameo
Visual Treat for Numismatists
1881 25C PR68+ ★ Cameo NGC. CAC. The easy answer is the
Morgan dollar, but the more complete and thorough answer to the
question of what caused the low mintages of circulation strike
Seated coinage -- especially quarters and half dollars -- during
much of the 1880s, is parity. It is true that the Morgan dollar was
struck by the many millions annually, the unwanted silver piling up
relentlessly in Treasury vaults around the country, for the most
part. But it is also true that the parity achieved in late 1879
between gold, silver, and paper currency, for the first time since
the Civil War, meant that floods of previously hoarded silver
flowed back into commerce from both domestic and international
sources (especially Canada).The mintages of Seated quarters and halves were, in short, small during the 1880s because there was no need for them. The 1881 quarter issue is a case in point. There were 975 proofs struck, complementing the 12,000 coins produced for circulation. This Superb Gem proof 1881 from the Newman Collection is among three PR68 survivors of the issue, but the only one with the Plus and Star designations. The patination comprises amber-gold, lavender and light-blue hues on the obverse, with more silver but a similar palette on the reverse. A fully struck and completely engaging example of the issue, and a treat for numismatic eyes. Census: 3 in 68 (1 in 68 ★ , 1 in 68+ ★ ), 0 finer (10/13).
Ex: Eric P. Newman Numismatic Education Society.(Registry values: P1)
Coin Index Numbers: (NGC ID# 23XD, PCGS# 85582, Greysheet# 5355)
Weight: 6.25 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: 11
Lot Tracking Activity: N/A
Page Views: 1,161
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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