Matte PR68 1911 Quarter Eagle
    Bright Yellow-Gold Proof Surfaces

    1911 $2 1/2 PR68 NGC. It is a thrice-told tale how the Mint began with matte or sandblast gold proofs in 1908, switched to Roman gold for 1909 and 1910 (for the most part; the odd matte proof survives from this timeframe), then reverted to matte proofs for the 1911-1915 time period, after which regular proof gold coinage in any format was discontinued. Although the mintages of the final-years 1911-1915 issues are each in the 100-plus range (except for the 100-piece 1915), the 1911 today seems commonly acknowledged as the most available in high grade of the five series-ending matte proof dates.
    NGC and PCGS combined have certified 167 submissions of the date compared to the 191 reportedly issued; the former totals, however, undoubtedly comprise a significant percentage of duplications, while the latter figure, typically for the Mint, does not account for any specimens that may have been melted as unsold at the end of the year. PCGS has seen only a single submission at the PR68 grade level, but there are a dozen submissions in PR68 at NGC. It is highly doubtful that those represent 12 separate coins, however. Only once before have we offered a PR68 specimen, the NGC-graded Dr. Robert Loewinger example in our FUN Signature (Heritage, 1/2007), lot 3115, which brought $48,875 more than four years ago. Dr. Loewinger is the author of a useful reference that is nonetheless little-known outside of specialist circles, Proof Gold Coinage of the United States.
    The present piece is a second PR68 NGC coin, different from the Loewinger specimen. As demanded at the grade level, each side appears perfect, save for a single minuscule shiny area between the 9 and 1 in the date, mentioned for pedigree purposes. The individual facets sparkle brightly when examined with a glass. Although the date is known for a typical color somewhat darker than the 1908 matte issues, this piece boasts even yellow-gold color on both sides. Census: 12 in 68, 0 finer (10/11).(Registry values: N10218) (NGC ID# 289K, PCGS# 7960)

    Weight: 4.18 grams

    Metal: 90% Gold, 10% Copper

    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

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    Auction Dates
    November, 2011
    8th-10th Tuesday-Thursday
    Bids + Registered Phone Bidders: 8
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