1898 $2 1/2 PR68 Deep Cameo PCGS. JD-1, R.4....

Description

1898 Liberty Quarter Eagle, PR68
Rare Deep Cameo Example
Registry Set Contender

1898 $2 1/2 PR68 Deep Cameo PCGS. JD-1, R.4. Ex: Simpson. The Philadelphia Mint struck a generous production of 165 proof Liberty quarter eagles in 1898, with the coins delivered in quarterly batches of 30, 75, 12, and 48 pieces. A single pair of dies was used to strike all the proofs, but the reverse die was lapped at least once during the year, resulting in two die states for the issue. Die State a shows the clear stripes in the shield full of polish and a lot of polish around the letters in the legend. Die state b shows some of this polish lapped away. The surface around RI in AMERICA is unfinished, making it possible to differentiate between proofs and prooflike business strikes.

PCGS lists 120 certification events in their Population Report, while NGC has recorded 108 specimens in their Census (11/21), but those figures are certainly skewed by resubmissions and crossovers. In his standard series reference, United States Proof Coins, Volume IV: Gold, John Dannreuther estimates the surviving population at 80-100 examples in all grades. This coin is the number 1 specimen in Dannreuther's list of Significant Examples for this issue.

This magnificent PR68 specimen exhibits razor-sharp definition on all design elements and the virtually flawless yellow-gold surfaces show no visible defects. A small lint mark touches the O in OF, providing the only pedigree marker. The deeply mirrored fields contrast profoundly with the frosty devices to create an intense cameo effect. Overall visual appeal is terrific. Plate coin for United States Proof Coins, Volume IV: Gold. This coin is listed and pictured in the PCGS CoinFacts Condition Census. Population: 5 in 68 (1 in 68+) Deep Cameo, 0 finer (11/21).(Registry values: P2)

Coin Index Numbers: (NGC ID# 288M, PCGS# 97924, Greysheet# 8575)

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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