LOT #2206 |
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1900 $2 1/2 PR67 Cameo PCGS. CAC....
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Sold on Apr 29, 2010 for:
$37,375.00
Bid Source: Internet bidder
Description
Stunning 1900 Quarter Eagle, PR67 Cameo
1900 $2 1/2 PR67 Cameo PCGS. CAC. The 1900 quarter eagles, popular for their turn-of-the-century date, are also coveted for the extraordinarily high quality of the proof coinage produced in that year. This is especially true for the 1900-dated gold pieces, the quarter eagles in particular. The proof gold (and other proof coinage) of the period from around 1896-1900 is exceptional in that regard.The Breen Proof Encyclopedia covers the proof coinage of 1890-1906 under the rather cynical chapter heading "Stereotypy Rules," but that does suggest the virtues that Mint personnel of the time showed, in doing one thing--and doing it very, very well. We note that, for Morgan dollars, the decade from 1890 through 1899 is responsible for about two-thirds of all the proof Morgan dollars given the numerical grade of PR69 at NGC. While PCGS has certified 55 Morgan dollars in PR68, the decade from 1890-1899 accounts for 33 examples in that grade (there is only a single PR69 Morgan certified at PCGS, an 1893).
The PCGS-certified quarter eagles show a similar distribution. While that service has certified five Liberty Heads in PR68, four of them hail from roughly the same time period: one 1897, two 1899s, and one 1901.
Although PCGS has never certified a Liberty Head quarter eagle in the numeric grade of PR69, the highest NGC-graded proof quarter eagle of the entire Liberty Head series is a specimen certified as a PR69 ★ Ultra Cameo.
All of the foregoing serves to underscore how remarkable the proof coinage of the late 1890s-early 1900s was. The present coin, while not graded quite so stratospherically, is nonetheless equally remarkable. With a certified PCGS population of one coin, this PR67 Cameo coin boasts extraordinarily deep, mirrored fields with sharply contrasting, abundantly frosted devices. There is a slight orange-peel effect in the fields, and the piece is virtually mark-free, with no contact worthy of mention. Tied for the finest certified at PCGS with four Deep Cameo coins (3/10).(Registry values: P1)
Coin Index Numbers: (NGC ID# 288P, PCGS# 87926, Greysheet# 8580)
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.
Auction Info
2010 April-May Milwaukee, WI CSNS US Coin Auction #1139 (go to Auction Home page)
Auction Dates
Apr-May, 2010
28th-2nd
Wednesday-Sunday
Bids + Registered Phone Bidders: 9
Lot Tracking Activity: N/A
Page Views: 1,194
Buyer's Premium per Lot:
15% of the successful bid per lot.
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