1908 $2 1/2 PR67 NGC. JD-1, R.4....

Description

1908 JD-1 Quarter Eagle, PR67
First Indian Proof

1908 $2 1/2 PR67 NGC. JD-1, R.4. The Mint introduced the innovative incuse Indian design by Bela Lyon Pratt on the quarter eagle in 1908. The new design made it impractical to produce proofs with the old brilliant finish, so a matte, or sandblast, finish was used. The 1908 proofs have darker surfaces than other proofs of this era because a coarser grain of sand was used to impart the new finish. Anticipating a large demand from collectors, 500 proofs were struck and delivered on November 27. Unfortunately, the public did not appreciate the new finish and only 236 examples were distributed. The unsold examples were melted after the end of the year. John Dannreuther estimates the surviving population at 100-120 examples in all grades.

This spectacular Superb Gem exhibits sharply detailed design elements and virtually pristine mustard-brown surfaces with the characteristically subdued matte luster. Eye appeal is tremendous. Present-day collectors appreciate the artistic qualities of the matte finish and auction appearances of these rare proofs always inspire stiff competition. Census: 33 in 67 (2 in 67+), 2 finer (4/20).(Registry values: N7079)

Coin Index Numbers: (NGC ID# 289G, PCGS# 7957, GSID# 8619)

Metal: 90% Gold, 10% Copper
Weight: 4.18 grams
AGW: 0.12095oz
Mintage: 236

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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