Sold for: Sign-in or Join (free & quick)


    1850 PR 62 NGC. While not the most valuable coin in this stellar sale, this 1850 proof quarter eagle is undoubtedly the rarest. It is the only specimen in collector's hands, and one of only two specimens believed struck. This coin was discovered in Europe by Marc Emory in 1980 or '81. It was placed in a major gold collection in Arkansas in 1984 or '85, where it has resided since. Writing ten years ago, Paul Taglione made the following comment about this coin, "The discovery of the 1850 proof quarter eagle is one of the greatest gold discoveries in the past few decades as it put to rest a great deal of speculation about the issue's status in proof...(it) must be counted as virtually priceless today."
    The late Walter Breen examined this coin at the ANA Convention in Cincinnati in the summer of 1988. He wrote a letter of certification and authenticity that accompanies the lot. This letter tells even more of the story of this fascinating coin and we quote parts of it here: "...the only one I have seen, and possibly the only one in collector's hands. This coin "carries its own credentials:" it is of the quality of striking and surface which would justify calling it a proof regardless of the date. Its brilliantly polished dies have not been seen on business strikes of 1850. National Archives records show that a full gold proof set ($1 through $20) was made up in 1850 for the Committee on the Library, from whom the set apparently went through Alexandre Vattemare to the Bibliotheque Nationale, Paris (then called Bibliotheque Imperiale after Emperor Napoleon III). So far as I know this set remains there today. A second set (cent to $20, lacking the $10) reportedly turned up in Germany a few years ago and was broken up; the present coin is believed to be from that broken set. Aside from these two sets, the only other gold proofs of 1850 reported are double eagles...The importance of the present coin would be almost impossible to exaggerate."
    As an identifying feature there are several small planchet flakes in the left obverse field of this coin. These are referred to in the Taglione text as "a planchet lamination in the center." There are a few hairlines in the fields on each side which account for the grade, but little else that can be considered distracting. The devices retain a small amount of mint frost and the fields show the unfathomable depth of mirrored reflectivity only seen on proofs. A light reddish patina has accrued to the surfaces also. This is an unprecedented opportunity to purchase this major gold rarity at public auction. (NGC ID# 287A, PCGS# 7876)

    Weight: 4.18 grams

    Metal: 90% Gold, 10% Copper

    Fees, Shipping, and Handling Description: (view shipping information)

    Sales Tax information  | NGC Coin Grading Guarantee  |  Terms and Conditions

    Bidding Guidelines and Bid Increments

    Glossary of Terms

    Auction Info

    Auction Dates
    June, 1995
    4th-7th Sunday-Wednesday
    Bids + Registered Phone Bidders: 2
    Lot Tracking Activity: N/A
    Page Views: 290

    Heritage membership

    Join Now - It's Free

    1. Past Auction Values (prices, photos, full descriptions, etc.)
    2. Bid online
    3. Free Collector newsletter
    4. Want List with instant e-mail notifications
    5. Reduced auction commissions when you resell your
    Consign now
    • Cash Advances
    • More Bidders
    • Trusted Experts
    • Over 200,000 Satisfied Consignors Since 1976
    Consign to the 2017 November 1 - 3 US Coins Signature Auction - Dallas.

    Learn about consigning with us

    Regarding the New Make an Offer beta program, just stumbled across this feature in the comic section. All I have to say is: WOW!! This will be a game-changer for you. A brilliant move.
    Wellesley, MA
    View More Testimonials receives more traffic than any other auction house website. (Source:

    Video tutorial

    Getting the most out of search

    Recent auctions

    2017 July 6 - 9 Summer FUN US Coins Signature Auction - Orlando Summer FUN
    2017 July 6 - 9 Summer FUN US Coins Signature Auction - Orlando Summer FUN
    REALIZED $5,917,046
    2017 June 22 - 23 HKINF World Coins & Ancient Coins Signature Auction - Hong Kong
    2017 June 22 - 23 HKINF World Coins & Ancient Coins Signature Auction - Hong Kong
    REALIZED $2,930,779
    2017 June 21 - 23 HKINF World Currency Signature Auction - Hong Kong
    2017 June 21 - 23 HKINF World Currency Signature Auction - Hong Kong
    REALIZED $1,149,869