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Press Release - April 19, 2004
Heritage to offer Finest Known 1867-S Quarter at June Long Beach Platinum Night
Dallas, Texas: The finest certified 1867-S Quarter will be placed under the auction hammer at Heritage's Platinum Night session of the June Long Beach Signature Sale, June 2-5. Heritage is the official auctioneer of the Long Beach Coin Expo.
The quarter is encapsulated as MS67 by NGC and is the only example certified above MS64. NGC and PCGS combined have certified only four other pieces in AU and finer grades. Although 48,000 pieces were struck, survivors in any condition are seldom seen. Silver coins were not collected by mintmark until late in the 19th century. In his 1991 reference The Comprehensive Encyclopedia of United States Liberty Seated Quarters, Larry Briggs lists the date as High R.4 in all grades, R.6 in XF/AU, and R.7 in Mint State.
According to Mark Van Winkle, Chief Cataloger of Heritage Numismatic Auctions, the Superb Gem rare date quarter possesses "light silver-gray patina and booming cartwheel luster. It is well struck aside from slight softness on the final three stars, and the surfaces are virtually immaculate." The die state conforms to the description for Briggs 1-A, with faint die cracks above the 1 in the date and from the wing below the RI in AMERICA.
The piece is pedigreed to James A. Stack, who formed a formidable and virtually complete collection of U.S. coins. Its first known auction appearance was as lot 122 in Stack's March 1975 sale of James. A. Stack's quarters and half dollars. The rare coin surfaced again in the New England Rare Coin Fund I Sale of April 1980, and returned to the auction floor for Paramount's July 1986 session of Auction '86, as lot 1619. Since that time, it has reposed in the collection of the consignor, who wishes to remain anonymous.
Images, descriptions, and prices realized are available in the Permanent Auction Archives at the Heritage website, www.HeritageCoins.com.
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