1914 $2 1/2 PR67+ PCGS. CAC. JD-1, Low R.5....

Description

1914 Quarter Eagle, PR67+
Tied for Finest at PCGS
Incredibly Rare This Fine

1914 $2 1/2 PR67+ PCGS. CAC. JD-1, Low R.5. Proof Indian quarter eagle production dropped off toward the end of the short-lived matte proof series. Contemporary collectors were uninspired by the sandblast finish and interest in proof gold coins fizzled. In 1914, the Mint used a coarser sand for the sandblast finishing process. Walter Breen wrote in his Proof Encyclopedia: "Coarse sandblast finish, darker than 1913. Under a microscope the facets appear larger than on 1913." John Dannreuther supports this assessment in his recent reference work, United States Proof Coins, Volume IV: Gold: "The darker finish seen on 1914 quarter eagles is the result of coarser sand used in the sandblasting procedure."

Collector orders for proof quarter eagles in 1914 brought about the coinage of only 117 coins, of which perhaps only 70 to 80 pieces survive today. The combined PCGS and NGC certified population of 134 coins is highly inflated by resubmissions. Since our Permanent Auction Archives began in 1993, Heritage has handled a proof 1914 quarter eagle on only 23 occasions, including reappearances of some individual pieces. Nine of those 23 offerings have been Superb Gems, albeit all certified by NGC. This is the first PCGS-graded Superb Gem proof that we have handled, and it is only the second CAC-approved example we have seen in this grade. The only comparable past offering in our archives is the PR67+ NGC CAC coin in the Central States Signature (Heritage, 4/2015), lot 5281, which realized $64,625. That is an auction record for this issue, and the PCGS twin offered here could easily surpass it.

This coin displays pristine matte surfaces with rich olive-gold color. The sharpness is superb and eye appeal is outstanding. PCGS lists one other PR67+ coin but none finer. This piece is also one of the three finest 1914 proof quarter eagles with CAC endorsement. A true prize for the Indian gold collector. Population: 4 in 67 (2 in 67+), 0 finer. CAC: 3 in 67, 0 finer (3/19).(Registry values: N7079)

Coin Index Numbers: (NGC ID# 289N, PCGS# 7963, Greysheet# 8625)

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.

View Certification Details from PCGS