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    Description

    1859 Quarter, PR67 ★
    Seldom Seen So Fine

    1859 25C PR67 ★ NGC. CAC. Type Two reverse. The 1859 quarters were struck in the reported amount of 800 pieces, but it is a near-certainty that considerable numbers were melted as unsold at the end of the year. There were simply not that many collectors of modern proof coinage at that time, even though numismatics was a burgeoning hobby after 1857, when the "old copper" cents and half cents were retired. Most numismatists of the era favored ancients, Colonial coins, Washingtonia, and rare Federal issues from earlier decades for their collecting pursuits. The Mint had only begun publicly marketing proof coinage the year before this coin was struck, in 1858. (The offering of numismatic "delicacies" to the well-connected, however, was a practice that would continue for decades.)

    Perhaps only 40 or so Gem proofs of the 1859 quarter survive today, and at the Superb Gem level of this piece, PCGS has seen two submissions, NGC four, with the Newman coin the only one achieving the Star designation for exceptional eye appeal. The surfaces are fully struck throughout on this piece. The obverse shows a golden-pink center, radiating outward to purple and charcoal, on deeply mirrored fields. The reverse shows lighter amber to russet hues near the rims, with a golden-gray center. Census: 4 in 67 (1 in 67 ), 9 finer (10/13).
    Ex: Eric P. Newman Numismatic Education Society.(Registry values: P4) (NGC ID# 23WL, PCGS# 5555)

    Weight: 6.22 grams

    Metal: 90% Silver, 10% Copper


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

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    Auction Info

    Auction Dates
    November, 2013
    15th-16th Friday-Saturday
    Bids + Registered Phone Bidders: 9
    Lot Tracking Activity: N/A
    Page Views: 704

    Buyer's Premium per Lot:
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    Truth Seeker: The Life of Eric P. Newman (softcover)
    A powerful and intimidating dealer of the 1960s, backed by important colleagues, was accused of selling fraudulent gold coins and ingots to unsuspecting numismatists. Who would go up against a man like that and, over the course of decades, prove the fraud? Who would expose a widely respected scholar as a thief, then doggedly pursue recovery of coins that the scholar had stolen from an embarrassed numismatic organization, all over the objections of influential collectors who had bought coins with clouded titles? Eric P. Newman would - and did. Reserve your copy today.
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