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    1911 Quarter Eagle, PR67+
    Remarkably High-End Type Coin
    A Major Matte Proof Condition Rarity

    1911 $2 1/2 PR67+ PCGS. The mintage of the matte proof 1911 quarter eagle exceeded that of the half eagle proof (191 vs 139 pieces), and it is possible that some were melted as unsold at the end of the year. Indian gold specialist Mike Fuljenz estimates that only 85 to 95 pieces are known in all grades, while David Akers' Handbook is slightly more generous with an estimated survival or 95 to 120 coins. In either case, the certified population figures, which report 190 submissions, are riddled with duplications. Having offered an example of the 1911 matte proof on 44 previous occasions, including reappearances by some coins, we suggest that the number known is likely in the neighborhood of 90 to 100 pieces, which complements both of the other estimates.

    The present coin is among the most impressive, high-end matte proofs that we have ever seen of this type. Although clearly a special coin in that regard, it is not entirely surprising given the reputation of the 1911 issue. Fuljenz writes in Indian Gold Coins of the 20th Century:

    "The typical survivor tends to be considerably nicer than other Proofs of this type and some truly superb pieces are known. In fact, a great majority of the ultra high grade Proof Indian Quarter Eagles that exist (i.e., in Proof-67) are dated 1911."

    It is true that the 1911 is more plentiful in Superb Gem condition than any other matte proof of the denomination, but such coins are not nearly as plentiful in the market as the certified population figures would suggest. Of the 59 occasions on which we handled a matte proof Indian quarter eagle in PR67 or finer condition, only 14 represented a 1911. Any matte proof Indian quarter eagle in any grade is scarce, and above the Gem level any issue -- even the well-made and appealing 1911 -- is a genuine rarity.

    This is only the third Plus-graded Superb Gem matte proof of the type that we have ever handled, and it is the first 1911. It is among the finest at PCGS and is only a half of a grade point outside of the Condition Census when NGC coins are counted. The rich matte surfaces showcase bold detail and original olive-gold color with not a single discernible flaw. A truly remarkable type coin and a matte proof of incredible conditional rarity. Population: 21 in 67 (2 in 67+), 1 finer (11/17).(Registry values: N7079)

    Coin Index Numbers: (NGC ID# 289K, PCGS# 7960)

    Weight: 4.18 grams

    Metal: 90% Gold, 10% Copper

    View Certification Details from PCGS

    Auction Info

    Auction Dates
    January, 2018
    3rd-8th Wednesday-Monday
    Bids + Registered Phone Bidders: 12
    Lot Tracking Activity: N/A
    Page Views: 595

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