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1831 25C Large Letters PR65 Cameo NGC. B-5, R.7 as a Proof....
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Sold on Feb 20, 2020 for:
$48,000.00
Bid Source: Internet bidder
Description
1831 Capped Bust Quarter, PR65 Cameo
Rare Early Proof
Large Letters, B-5
1831 25C Large Letters PR65 Cameo NGC. B-5, R.7 as a Proof.
Walter Breen, writing of the 1831 proof quarter in his 1989
Encyclopedia of United States and Colonial Proof Coins, says
the Mint Director sent 20 "specimens" of this date to President
Jackson and 20 more to Treasury Secretary D.C. Ingham to show off
the new modified design using beaded borders and close collar.
Breen indicates that these may not all have been proofs. In fact,
the author writes in his Complete Encyclopedia that there
are possibly a dozen proofs known. This figure more or less
corresponds with the 16 1831 proof quarters certified by NGC and
PCGS (1/20).Early proofs were avidly sought by 19th century numismatists. An early auction appearance of the 1831 proof quarter was in lot 1341 of the Thomas Cleneay Collection (S.H. & H. Chapman, 12/1890), "1831 Brilliant proof. Sharp, perfect impression. Large letters on rev. Very rare." The lot realized $14.50, a strong price at the time, to Charles Steigerwalt. More recent sales include the prior appearance of this coin in lot 2334 of the Central States Signature (Heritage, 4/2009), which brought $51,750.
The reflective fields of this delightful Gem yield pleasing contrast with the motifs at certain angles. Soft reddish-tan patina in the fields tends to further this variance by highlighting the mostly light gray design elements. A well executed strike imparts nearly complete definition to the design features, the sole exception being softness in some of the star centers. Close inspection reveals no mentionable surface or rim marks that can be used as pedigree identifiers. A few wispy hairlines intermingled with die polish lines in the fields only show up under high magnification. In summary, an extremely attractive Cameo. This coin is listed in the number 5 position in the Condition Census on PCGS CoinFacts.
Ex: Central States Signature (Heritage, 4/2009), lot 2334.
Coin Index Numbers: (NGC ID# 23SB, Variety PCGS# 410001, Base PCGS# 5378, Greysheet# 84452)
Weight: 6.74 grams
Metal: 89.24% Silver, 10.76% Copper
Auction Info
2020 February 20 - 23 Long Beach Expo US Coins Signature Auction - Long Beach #1312 (go to Auction Home page)
Auction Dates
February, 2020
20th-23rd
Thursday-Sunday
Bids + Registered Phone Bidders: 9
Lot Tracking Activity: N/A
Page Views: 1,138
Buyer's Premium per Lot:
20% of the successful bid per lot.
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