1909 $2 1/2 PR64 PCGS. CAC....

Description

1909 Quarter Eagle, PR64
First Year of the 'Bright Matte Proofs'

1909 $2 1/2 PR64 PCGS. CAC. Of the 139 proof quarter eagle struck in 1909, it is estimated that today less than half that number -- 50 to 60 pieces -- are still extant, according to John Dannreuther. After an initial mintage for the design of 236 proofs in 1908, production dropped significantly in 1909. This drop was, of course, due to the unpopularity (and unfamiliarity) of collectors with the sandblast finish used on the 1908 issue. The Mint struck proof gold coins in 1909 and 1910 on untreated gold planchets, but this did not satisfy collectors either, explaining the low survivorship. This piece shows the bright, even yellow-gold surfaces expected from the "brilliant matte proofs" (so-called by Wayte Raymond). We note one mark in the center of the obverse and two on the reverse that undoubtedly account for the grade. Fully struck, of course. Population: 25 in 64 (1 in 64+), 4 finer. CAC: 5 in 64, 2 finer (10/20).(Registry values: N4719)

Coin Index Numbers: (NGC ID# 289H, PCGS# 7958, GSID# 8620)

Metal: 90% Gold, 10% Copper
Weight: 4.18 grams
AGW: 0.12095oz
Mintage: 139

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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