LOT #3080 |
Sold on Jun 17, 2021 for: Not Sold
1862 25C PR68★ Cameo NGC....
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Sold on Jun 17, 2021 for:
Not Sold Description
1862 Seated Quarter, PR68★ Cameo
Sole Finest in This Numeric Grade
1862 25C PR68★ Cameo NGC. Even though the Civil War was
raging by 1862, it appears that a few more examples of the 1862
proof quarter were actually distributed than of the 1861 issue. But
only 550 proofs were struck, and 120 were reportedly melted.
Regardless, the business strike Seated quarters of 1862 saw a sharp
downturn compared to the 1861s -- 932,000 of the later date, more
than 4.8 million of the earlier. Proofs of 1862 are in high demand,
as high-grade business strikes are seldom seen. Seated quarter
expert Larry Briggs writes that the 1862 business strikes are more
elusive than the 1853 Arrows through 1861 issues, adding that "most
were likely melted" during the Civil War.This PR68★ Cameo 1862 quarter offers surfaces that show patina that is pastel-colored on the obverse with a silver center that is framed by rings of light sky-blue, glints of lavender near the extreme rims. The reverse is also silver-centered, with complementing glints of amber patina at the periphery. Fully struck on both sides.
When cataloging the Newman Collection we noted not only the quality, but also the consistency, of the coins, and that is certainly evident with this 1862. The collection's similar obverses and reverses -- uniformly more deeply toned on the obverses -- is near-certain to be the result of decades of careful, meticulous preservation in Wayte Raymond coin albums, much to the coming joy of new generations of collectors.
Ex: Eric P. Newman Numismatic Education Society; Newman Collection, Part II (Heritage, 11/2013), lot 33377.
From The Warshaw Family Collection, Part IV. (Registry values: P3)
Coin Index Numbers: (NGC ID# 23WP, PCGS# 85558, Greysheet# 5295)
Metal: 90% Silver, 10% Copper
Weight: 6.22 grams
ASW: 0.20oz
Melt Value: $5.20
Silver Spot: $26/oz (06-17-2021)
View all of [The Warshaw Family Collection, Part IV ]
Auction Info
2021 June 17 - 20 US Coins Signature Auction #1331 (go to Auction Home page)
Auction Dates
June, 2021
17th-20th
Thursday-Sunday
Bids + Registered Phone Bidders: 28
Lot Tracking Activity: N/A
Page Views: 1,176
Buyer's Premium per Lot:
20% of the successful bid per lot.
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