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    1848 Seated Liberty Quarter, PR66
    Possibly Finest of Six to Eight Survivors
    Ex: Pittman

    1848 25C PR66 PCGS. CAC. Briggs 1-C. This magnificent Premium Gem proof 1848 Seated quarter is fully struck, showing sharp, squared-off edges and a partial wire rim. The pristine surfaces are blanketed in vivid shades of iridescent violet, blue, and greenish-gold toning. The fields are deeply mirrored under the patina. The eye appeal is superb.

    Variety: Briggs 1-C, with the doubled date sloping up from left to right on the obverse. The reverse employs the same die used on proofs in 1846 and 1847.

    Population Data (7/14): PCGS has graded four examples in proof format, with this coin the single finest in PR66, followed by two in PR65 and one in PR62. The current NGC Census lists only two proofs, both in PR65. This is hard to understand, since the Eliasberg-Kaufman coin was graded PR66 by NGC as recently as August 2013, when it was sold in our Chicago Signature. Perhaps some kind of crossover activity can explain this anomaly.

    Heritage Commentary: The 1848 Seated Liberty quarter is a fabulous rarity in proof format and this coin is probably the finest known example. David Akers estimated a surviving population of just five or six pieces in all grades, while PCGS CoinFacts postulates a slightly larger population of six to eight survivors. We have compiled a roster of six confirmed specimens, with two in institutional collections, and a number of earlier appearances that may or may not represent the same coins. Remarkably, the present coin is the second example Gene Gardner has owned in his collecting career, the other sold with his earlier collection in 1965. Where that coin is today is a mystery, as we can account for only three proof 1848 quarters that have appeared at auction since that time, although each of those three has appeared more than once. The discerning collector will not miss this important opportunity to acquire one of the rarest issues in U.S. numismatics, in unsurpassed technical grade, and with an illustrious pedigree.

    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. The present coin.
    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; Chicago Signature (Heritage, 8/2013), lot 5590.
    3. PR63 PCGS. 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.
    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)

    Coin Index Numbers: (NGC ID# 23WB, PCGS# 5542)

    Weight: 6.68 grams

    Metal: 90% Silver, 10% Copper

    View Certification Details from PCGS

    Auction Info

    Auction Dates
    October, 2014
    27th Monday
    Bids + Registered Phone Bidders: 25
    Lot Tracking Activity: N/A
    Page Views: 1,347

    Buyer's Premium per Lot:
    17.5% of the successful bid (minimum $14) per lot.

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