Description

    1848 Seated Quarter, PR65
    Extremely Rare in Proof Format
    One of Only Six Examples Known

    1848 25C PR65 NGC. Briggs-Unlisted. The 1848 proof Seated quarter is an incredibly rare issue. Survival estimates range from five or six coins (Akers) to six or eight pieces (PCGS), and our analysis of auction records and other appearances confirms the existence of only six pieces in all grades, two of which are unattainably housed in the Smithsonian Institution and the ANS. The four coins held in private hands consist of the Pittman and Eliasberg specimens, Eugene Gardner's first example which was last seen at auction in Stack's 1965 sale of the Stadiem-Gardner Collection, and the present piece. NGC and PCGS combined report having certified six examples, including a PR62 coin, two Gems, and a PR66 example at PCGS, and two Gems at NGC (12/14). These numbers likely include one or more resubmissions.

    This piece is fully struck, with mirrored fields and satiny devices. Deep gunmetal-blue, lilac-gold, and violet toning encompasses both sides, while the surfaces are well-preserved and the eye appeal is simply magnificent. Obverse die unlisted in Briggs -- the shield point is above the far left edge of the 8 and the 1 is just left of centered over a denticle. A rare and important opportunity for the advanced Seated quarter or early proof collector.

    Roster of 1848 Proof Seated Liberty Quarters
    1. PR66 PCGS. Howard Rounds Newcomb; Newcomb Collection, Part II (Morgenthau, 5/1945), lot 833; John Jay Pittman; Pittman Collection, Part II (David Akers, 5/1998), lot 1314; Eugene H. Gardner Collection, Part II (Heritage, 10/2014), lot 98395.
    2. PR66 NGC. Louis E. Eliasberg, Sr.; Eliasberg Collection, Part II (Bowers and Merena, 4/1997),lot 1443; Phil Kaufman Collection/Baltimore ANA Signature (Heritage, 7/2008), lot 1818, realized $63,250; Chicago Signature (Heritage, 8/2013), lot 5590, realized $55,812.50.
    3. PR65 NGC. Possibly Wayte Raymond; Sale 33 (New Netherlands, 4/1951), lot 484; Sale 41 (New Netherlands, 9/1953), lot 734; Kagin; ANA Signature (Heritage, 8/1996), lot 7100. The present coin.
    4. Brilliant Proof. Hillyer Ryder; Wayte Raymond; Sale 49 (New Netherlands, 6/1957), lot 1154; Eugene Gardner; Stadiem-Gardner Collection (Stack's, 2/1965), lot 1642.
    5. Proof. National Numismatic Collection, Smithsonian Institution.
    6. Proof. R.C.H. Brock; J.P. Morgan; American Numismatic Society.

    Additional Appearances
    A. John F. McCoy Sale (W. Elliot Woodward, 5/1864), lot 375, part of a complete silver proof set, sold to Levick for $50; Fifth Semi-Annual Sale (Woodward, 10/1864), lot 302, sold to Hodge for $50.
    B. Proof. Joseph J. Mickley Collection (Woodward, 10/1867), lot 1718, part of a five-piece silver proof set, sold to Lilliendahl for $57.50.
    C. Proof. Lorin G. Parmelee Collection (New York Coin & Stamp, 6/1890), lot 1191, the other coins forming a complete silver and minor proof set were offered singly in adjacent lots, sold to H.P. Smith for $6.50.
    D. Proof. Thomas Cleneay Collection (S.H. & H. Chapman, 12/1890), lot 840, part of a seven-piece silver and minor proof set.
    E. Proof. Richard B. Winsor (S.H. & H. Chapman, 12/1895), lot 1069, part of a seven-piece silver and minor proof set.
    F. Proof. Matthew Stickney Collection (Henry Chapman, 6/1907), lot 1792, part of a seven-piece silver and minor proof set.
    G. Proof. George Earle Collection (Henry Chapman, 6/1912), lot 3093.
    H. Proof. A specimen owned by A-Mark in the 1970s, per Walter Breen.(Registry values: P4) (NGC ID# 23WB, PCGS# 5542)

    Weight: 6.68 grams

    Metal: 90% Silver, 10% Copper


    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

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    Auction Dates
    Jan-Feb, 2015
    29th-1st Thursday-Sunday
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