1885 $2 1/2, CA

Description

Rare 1885 Quarter Eagle, One of Only 887 Pieces Produced

1885 $ 2 1/2 PR 64 Cameo NGC. Quarter eagle production was confined to the Philadelphia Mint in 1885, and a meager 887 pieces were produced. Only 87 of these coins were proofs, and survivors are obviously in demand due to the scarcity of high quality business strikes. Needless to say, this proof delivery is rare in its own right, and we believe that no more than half of the original mintage is extant. A few of these coins are impaired, and still others are noticeably hairlined. Pleasingly original and obviously well preserved since the time of issue, the present example is deeply colored in olive-gold and reddish-orange shades. There is a blanket of light haziness over both sides, but the surfaces do not reveal any bothersome contact marks. An accurately graded near-Gem.
Ex: 1998 FUN Signature Sale (Heritage, 1/98), lot 7644, where it realized $7,360.

Coin Index Numbers: (NGC ID# 2888, PCGS# 87911, GSID# 8535)

Metal: 90% Gold, 10% Copper
Weight: 4.18 grams
AGW: 0.12095oz

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.

View Certification Details from NGC