Description

    1845 Seated Quarter, PR66
    The Menjou-Pittman-Kaufman Coin
    Sole Finest Certified

    1845 25C PR66 NGC. Briggs 5-E. The former Adolph Menjou-John Pittman-Phil Kaufman example. This Premium Gem proof is beautifully toned, the obverse primarily a medium reddish-gold with blue and violet at the periphery. The reverse is equally attractive, somewhat deeper reddish-gold turning to blue at the border. The solid strike appears full throughout both sides. Close scrutiny with a glass reveals impeccable surface preservation, save for a minuscule tick left of the date that helps with pedigree tracking. The finest known example of this great rarity.

    Variety: Briggs 5-E. The Briggs Obverse 5 is described as a proof die with the date recut, the extra digits left of the final figures. Briggs gave no details about Reverse E, but stated that it is also a proof die. All 12 vertical stripes on the reverse shield appear to pierce the horizontal stripes above, with 8, 9, and 10 the most prominent, and extending to horizontal stripe 5. This differs from the reverse of the Eliasberg coin, where Bowers and Merena catalogers note that vertical stripes 1, 2, 5, 10, and 11 pierce the above horizontal stripes, with 10 and 11 most prominent.

    Population Data (7/14): NGC data show five, two, and one in PR64, PR65, and PR66, respectively. PCGS reports two PR63 and five PR64. Despite the total of 15 submissions, the data are clearly loaded with duplications.

    Heritage Commentary: This 1845 proof quarter once resided in John Jay Pittman's proof set sold intact by David Akers in May 1998 as lot 1711. Akers wrote that the coins were in an original wood presentation case bound in burgundy-colored Morocco leather. He notes that the set was not original, since Pittman purchased most of the coins individually, but: "... the gold coins undoubtedly constitute an original set and it would also seem that the Half Dime, Dime and Quarter came from the same original set. Therefore, I have decided to offer the set intact rather than break it up and sell the individual pieces."

    Akers estimated that five or six 1845 proof quarters survived when he cataloged the Pittman coin. Larry Briggs wrote in his series reference that about six proofs are known. Walter Breen gave a similar total in his Complete Encyclopedia. This PR66 NGC example is clearly the finest.

    1845 Proof Seated Quarter Roster
    1. PR66 NGC.
    The present specimen. Menjou Collection (Numismatic Gallery, 6/1950), lot 715; John J. Pittman (David Akers, 5/1998), lot 1711, as part of a complete 1845 proof set; Phil Kaufman Collection / FUN Signature (Heritage, 1/2008), lot 3030; Scott Rudolph Collection / FUN Signature (Heritage, 1/2009), lot 3765.
    2. PR65 NGC. William Dickinson Collection (Chapman Brothers, March 1894); J.M. Clapp; Clapp Estate (1942); Louis E. Eliasberg, Sr.; Eliasberg Estate (Bowers and Merena, 4/1997), lot 1437; Phil Kaufman; Bowers and Merena (1/1999), lot 1112.
    3. PR64 PCGS. George Earle Collection (Henry Chapman, 6/1912), lot 3088; Ryder Collection; Wayte Raymond; 49th Sale (New Netherlands, 6/1957), lot 1152; Long Beach Signature (Heritage, 2/2012), lot 3489; Central States Signature (Heritage, 4/2014), lot 5582.
    4. PR64 PCGS. Eric P. Newman / Central States Signature (Heritage, 4/2013), lot 3904.
    5. Proof. Smithsonian Institution.

    Additional Appearances
    A. PR64. Harmer Rooke (11/1989).
    B. Brilliant Proof. Howard R. Newcomb Collection (Morgenthau, 2/1945), lot 614.(Registry values: P5) (NGC ID# 23W8, PCGS# 5539)

    Weight: 6.68 grams

    Metal: 90% Silver, 10% Copper


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    Auction Dates
    October, 2014
    27th Monday
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