1909 $2 1/2 PR67 NGC....

Description

Desirable 1909 Indian Quarter Eagle, PR67

1909 $2 1/2 PR67 NGC. The 1909 and 1910 quarter eagle proofs were struck in the so-called "Roman gold" finish, a lighter and, most numismatists say, more popular surface treatment than the darker matte finish used in 1908. Dr. Robert J. Loewinger's Proof Gold Coinage of the United States calls the finish "halfway between a matte and a mirrored finish."
Mintage figures fell considerably from 1908 to 1909, partially due to the unpopularity of the first-year proofs' appearance, and partially due to the typical lower demand for second-year-of-issue coins. The Garrett-Guth gold Encyclopedia notes of this issue, "This is far and away the most difficult issue to find in PF-64 or higher grades. PCGS notes a single coin in their Population Report graded as high as PF-65, and NGC shows only three examples in their Census graded that high. For the collector, this is one of the three most difficult Proof issues to obtain in any grade, and perhaps it is the rarest overall, as the combined PCGS Population Reports and NGC Census show the 1909 quarter eagle to have the fewest Proofs graded of any date in the series, with a total of 70 coins seen." Those totals have increased only slightly since that book was completed; as of (11/10), the number of certified 1909 proofs stands at 81 pieces at NGC and PCGS combined--only seven more than the total of the last-year 1915 issue. While PCGS lists only a single PR66 as the finest, NGC has certified three PR66 pieces, three PR67s, and one PR68 piece. The present PR67 example, accordingly, is tied with two others at NGC, and exceeded only by a single example.
The devices are razor-sharp, as one would expect from a proof striking, and the surfaces are bright overall with even orange-gold color. There are no observable contact marks on either side of this magnificent piece. The only ripple in the fabric of the coin is a shallow, thread-like strike-through in the left reverse field between the upper left olive leaf and the L in PLURIBUS.
Ex: Heritage (1/2007), lot 3112.
From The Kutz Family Collection of $2 1/2 Indian Proofs.(Registry values: N7079)

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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