1864 $2 1/2 PR66+ Deep Cameo PCGS. CAC. JD-1, High R.6....

Description

1864 Quarter Eagle, PR66+ Deep Cameo
Among the Finest Certified Examples
CAC-Approved Quality

1864 $2 1/2 PR66+ Deep Cameo PCGS. CAC. JD-1, High R.6. Ex: Simpson. Anticipating high collector demand, perhaps based on sales of the proof-only quarter eagle issue of the previous year, the Philadelphia Mint increased the mintage of proof quarter eagles to 50 pieces in 1864. The proofs were all delivered on February 11. A single die pair was used to strike all the proofs. On the obverse, the date is positioned much higher than on the circulation-strike coins, making it easy to distinguish between proofs and prooflike business strikes. This was the only use of the obverse die, but the reverse was used to strike all the proofs from 1860 through 1865. Unfortunately, the survival rate for 1864 proofs is lower than for the 1863 issue. It seems that collectors saved the 1863 issue more extensively because there were circulation-strike coins available for date collectors in 1864. John Dannreuther estimates only 14-16 examples of the 1864 Liberty quarter eagle survive in all grades today. PCGS and NGC have combined to certify 29 examples between them, but that total is inflated with resubmissions and crossovers (11/23). One coin is included in the National Numismatic Collection at the Smithsonian Institution and another is in the collection of the American Numismatic Society.

This Plus-graded Premium Gem proof exhibits razor-sharp definition on the richly frosted design elements, creating intense field/device contrast with the deeply mirrored fields. The impeccably preserved orange-gold surfaces show no mentionable distractions. Overall eye appeal is outstanding and the high quality within the grade is confirmed by CAC. No examples have been certified in higher numeric grades at either of the leading grading services (11/23). Population: 6 in 66 (3 in 66+) Deep Cameo, 0 finer. CAC: 6 in 66, 0 finer (3/23).(Registry values: P5)
Important Selections from The Bob R. Simpson Collection, Part XI.

Coin Index Numbers: (NGC ID# 287J, PCGS# 97890, Greysheet# 8473)

Weight: 4.18 grams

Metal: 90% Gold, 10% Copper

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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