1911 $2 1/2 PR67 PCGS. CAC....

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Sold on Feb 3, 2012 for:

$63,250.00 Bid Source: Internet bidder

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Matte PR67 1911 Quarter Eagle
Virtually Perfect Surface Preservation

1911 $2 1/2 PR67 PCGS. CAC. The format for proof gold coins in particular was in a state of flux during the early 20th century, as the Philadelphia Mint tried one surface treatment after another. The eventually settled-on "matte" or sandblast proof process created a surface finish that the Paris Mint had used successfully for many years. Canadian coinage also switched, during the reigns of King Edward VII and George V (1901-1915) from mirrored, deeply contrasted specimen coins (similar to proofs) to a mattelike finish.
Although the differences are of degrees, not of entirely different kinds, we can count these different proof formats on Philadelphia Mint coins produced during the era:

--1901 and before. Highly contrasted proof era: Deeply mirrored fields and thickly frosted devices, producing a high degree of contrast, are the norm.
--1902 through 1907. A surface finish Breen calls "semibrilliant," with limited contrast between fields and devices. No conscious effort was made to produce highly contrasted proofs; any such were the product of happenstance rather than planning.
--1908. Dark matte or sandblast finish.
--1909 and 1910. Roman or satin finish.
--1911-1915. Return to the mattelike or sandblast finish. Minor variations in color and surface texture are possible.

This 1911 quarter eagle was produced after the Mint again took up the dark matte proof (or sandblast proof) finish for proof gold. Breen calls the 1911 gold issues in his Proof Encyclopedia "matte finish, dull and darker than unc., nearest to 1908 but differing minutely in texture of grain." This piece displays a khaki color that is often seen on proofs of the year. There are no visible grazes in the matte surface, or contact marks of any kind. It strains the imagination to think that any matte proof gold coin could be three points finer than the present piece. Population: 14 in 67, 1 finer (1/12).
From The Aspen Collection of Proof Coinage.(Registry values: N7079)

Coin Index Numbers: (NGC ID# 289K, PCGS# 7960, Greysheet# 8622)

Metal: 90% Gold, 10% Copper
Weight: 4.18 grams
AGW: 0.13oz
Mintage: 191

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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