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

Description

1908 Indian Quarter Eagle, PR67
First-Year of Design

1908 $2 1/2 PR67 NGC. JD-1, R.4. The innovative incuse Indian design by Bela Lyon Pratt was introduced on the half eagle and quarter eagle in 1908. An artistic matte, or sandblast finish was used on proofs of the new design, because the Mint found it impossible to polish the fields and frost the devices to replicate the popular brilliant finish of earlier proof issues. Unfortunately, contemporary collectors failed to appreciate the virtues of the sandblast finish and sales figures were disappointing. Mint records indicate 500 proof half eagles were delivered in November 1908, but only 236 examples were distributed. The remaining specimens were later melted. John Dannreuther believes 100-120 examples survive today in all grades. The issue is rare at the PR67 grade level and finer coins are virtually unobtainable.

This spectacular Superb Gem exhibits razor-sharp definition on all design elements and the impeccably preserved orange-gold surfaces radiate softly frosted matte luster from both sides. Overall eye appeal is outstanding. Census: 33 in 67 (3 in 67+), 3 finer (11/20).(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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