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    Description

    Select 1911-D Quarter Eagle
    Boldly Impressed Mintmark

    1911-D $2 1/2 MS63 PCGS. Without consulting any of the standard references, we wrote a definition that we believe describes a "type" coin: "A coin that normally trades at lower prices compared to other members of a set due to a lack of market differentiation." Going to PCGS' website gives us theirs, "A representative coin, usually a common date, from a particular issue of a specific design, size, or metallic content."
    Both encapsulate the essence of a type issue, ours focusing more on price and market factors, PCGS on the "representative" character of a type coin. The 1911-D quarter eagle is the only key coin in the Indian Head series, one that is hugely popular as such. The other issues in the series trade largely interchangeably as type issues, with little market or price differentiation below Mint State. Note, for example, that the 2013 Guide Book gives a price for every issue in the series of $400 in MS60 save for the 1911-D, at $10,000 in the same grade. More differentiation is seen in MS63, but the price difference between the 1911-D and second place (the 1914) is still fourfold. This particular piece is even more desirable than the "average" coin in this grade because of the sharpness of strike on the mintmark. The surfaces are softly frosted and exhibit even reddish-gold color with no singularly distracting abrasions.(Registry values: N4719)

    Coin Index Numbers: (NGC ID# 2894, PCGS# 7943)

    Weight: 4.18 grams

    Metal: 90% Gold, 10% Copper


    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

    Auction Info

    Auction Dates
    September, 2012
    6th-9th Thursday-Sunday
    Bids + Registered Phone Bidders: 12
    Lot Tracking Activity: N/A
    Page Views: 560

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