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

Description

1909 Quarter Eagle, PR64
Rarest Indian Proof in High Grade

1909 $2 1/2 PR64 PCGS. The matte proof finish proved unpopular with collectors in 1908, so the Philadelphia Mint abandoned it in 1909. Instead, proofs were struck on the medal press using carefully selected planchets with no sandblasted surface treatment. Aside from the superior striking characteristics, the proofs were virtually identical to the business-strikes in appearance. A nominal mintage of 139 proof quarter eagles was produced in 1909, but the new coins were no more popular than their matte proof counterparts of the previous year. An unknown number of 1909 proofs went unsold and were simply released into circulation at the end of the year. Wear soon made them indistinguishable from the regular-issue coins of that date. Today, the 1909 proof quarter eagle is the most elusive proof of the series in high grade.

The present coin is an attractive Choice specimen, with razor-sharp definition on all design elements. The well-preserved, fine-grained orange-gold surfaces radiate satiny mint luster from both sides, with outstanding eye appeal. Population: 27 in 64, 4 finer (6/19).(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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