1911-D $2 1/2 MS66+ PCGS. CAC....

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1911-D Quarter Eagle, MS66+ CAC
Low-Mintage Series Key
Finest-Certified Example

1911-D $2 1/2 MS66+ PCGS. CAC. Ex: Donald A. Kutz. Strong D. From a series-low mintage of 55,680 pieces, the 1911-D Indian quarter eagle is by far the most famous and elusive issue of the popular series. Gold specialist David Akers noted:

"The 1911-D is one of those few issues in the Gold series which 'has it all going for it.' The lowest mintage of the series, the rarest [quarter eagle] of its design in Mint State, the second rarest in MS65, the first Denver Quarter-Eagle emission in American history, and a level of reputation throughout the entire Numismatic Community are factors which jointly combine to make the 1911-D a very popular item."

The 1911-D was the first quarter eagle struck at the Denver Mint, with the first coins delivered on April 18, 1911. Perhaps surprisingly, the issue was not widely saved at the time of issue, making the 1911-D even more elusive in high grade than the small production total would suggest. The elusive nature of this issue was largely overlooked by collectors until the 1950s, but it is universally acknowledged today. Heritage Auctions is privileged to present the finest-certified example of this 20th-century gold rarity in this important offering.

The present coin is a truly spectacular example, not just for an '11-D but for any Indian quarter eagle. The fields are nearly flawless with only the most minute abrasions present (strong magnification will be required). The striking details are fully brought up in all areas except the lowest feather of the headdress, as usual for business strikes of this type. The mintmark is especially sharp and worthy of note. A thin fin, or wire rim, is evident around much of the obverse. The mint luster is smooth and satiny with an overlay of incredible rose-gold and lilac coloration that gives this coin a really distinctive appearance. Overall eye appeal is outstanding and the high quality within the grade is confirmed by CAC. This finest-certified example is sure to be eagerly sought after by series specialists and Registry Set enthusiasts. This coin is pictured on PCGS CoinFacts and is the first coin in their Condition Census. Population: 4 in 66 (1 in 66+), 0 finer. CAC: 1 in 66, 0 finer (11/24).

Significant Examples of the 1911-D Quarter Eagle, Strong Mintmark
Thanks to Ron Guth and The Numismatic Detective Agency for providing this list of significant examples.
1. MS66+ PCGS CAC. New York Signature (Heritage, 7/2004), lot 8103, $184,000; Donald A. Kutz Collection. The present coin.
2. MS66 PCGS. B. Max Mehl, believed late 1930s; Norweb Collection, Part II (Bowers and Merena, 3/1988), lot 2122, $30,800; Harry W. Bass, Jr. Collection, Part II (Bowers and Merena, 10/1999), lot 643, $63,250; H.R. Luchs Collection (Heritage, 1/2005), lot 30421, $161,000; Atherton Family Collection (Heritage, 3/2010), lot 2176, $172,500; Central States Signature (Heritage, 4/2013), lot 4476, $176,250; D.L. Hansen Collection.
3. MS66 PCGS. Pre-Long Beach (Goldberg Auctions, 6/2005), lot 813, $126,500; Bob R. Simpson Collection (Heritage, 9/2020), lot 10130, $87,000; February Signature (Heritage, 2/2021), lot 3748, $132,000; FUN Signature (Heritage, 1/2022), lot 4684, $204,000.
4. MS66 NGC. Sotheby's, 6/1998, lot 200, $68,750.
5. MS65+ PCGS CAC. Kodiak Collection (Heritage, 1/2020), lot 4364, $69,000; Regency Auction 40 (Legend Rare Coin Auctions, 8/2020), lot 321, $64,625; Central States Signature (Heritage, 4/2021), lot 5107, $84,000; Benedict Family Collection (Heritage, 8/2024), lot 4051, $87,000.
6. MS65+ NGC. Boston Platinum (Heritage, 8/2010), lot 3447, $57,500; FUN Signature (Heritage, 1/2011), lot 5046, $48,875.
7. MS65+ NGC. Denver ANA (Heritage, 8/2017), lot 4103, $44,650.
8. MS65 PCGS CAC. Milwaukee ANA (Heritage, 8/2007), lot 1861, $86,250; D. Brent Pogue Collection, Part VII (Stack's Bowers, 3/2020), lot 7329, $60,000.
9. MS65 PCGS CAC. Collector's Auction (Scotsman, 11/2020), lot 237, $55,165; US Coins Signature Auction (Heritage, 6/2021), lot 3181, $72,000; FUN Signature (Heritage, 1/2023), lot 3837, $84,000; Naples Collector (PCGS Set Registry).
10. MS65 PCGS. ANA Signature (Heritage, 7/2005), lot 10329, $80,500; Ohringer Family Trust Holdings, Part II (Goldberg Auctions, 9/2008), lot 1230, $74,750.(Registry values: N10218)
From The Don Kutz California Collection.

Coin Index Numbers: (NGC ID# EGZ7, PCGS# 7943, Greysheet# 8615)

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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