1908 $2 1/2 PR67 NGC....

Description

Superb Matte Proof 1908 Quarter Eagle
Popular Type Coin, First Year of Issue

1908 $2 1/2 PR67 NGC. The innovative incuse Indian Head design for the quarter and half eagles made its debut in 1908, to mixed reviews. The Mint also introduced the matte proof format that year, with dark granular surfaces, much different from the reflective brilliant proofs collectors were used to. The proof mintage was large for the quarter eagle, at 236 pieces, but collectors did not like the matte format and it is likely that many sets went unsold and were melted at year's end. The issue is still the most available proof of the series, with a surviving population of 125-165 examples in all grades. The date is particularly popular as a type coin. Jeff Garrett and Ron Guth opine, "For the type collector, the 1908 Proof makes a perfect choice in terms of availability, quality, and being the first year of issue."
The present coin displays the usual dark surfaces, with a noticeable overlay of reddish patina. A full wire rim surrounds both sides. The surfaces appear technically perfect, with none of the shiny contact spots often seen on this issue. The leading grading services have not graded any coin in a higher technical grade. Census: 26 in 67, 0 finer (11/09).(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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