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    Description

    1881 Quarter, PR68+ ★ Cameo
    Visual Treat for Numismatists

    1881 25C PR68+ ★ Cameo NGC. CAC. The easy answer is the Morgan dollar, but the more complete and thorough answer to the question of what caused the low mintages of circulation strike Seated coinage -- especially quarters and half dollars -- during much of the 1880s, is parity. It is true that the Morgan dollar was struck by the many millions annually, the unwanted silver piling up relentlessly in Treasury vaults around the country, for the most part. But it is also true that the parity achieved in late 1879 between gold, silver, and paper currency, for the first time since the Civil War, meant that floods of previously hoarded silver flowed back into commerce from both domestic and international sources (especially Canada).

    The mintages of Seated quarters and halves were, in short, small during the 1880s because there was no need for them. The 1881 quarter issue is a case in point. There were 975 proofs struck, complementing the 12,000 coins produced for circulation. This Superb Gem proof 1881 from the Newman Collection is among three PR68 survivors of the issue, but the only one with the Plus and Star designations. The patination comprises amber-gold, lavender and light-blue hues on the obverse, with more silver but a similar palette on the reverse. A fully struck and completely engaging example of the issue, and a treat for numismatic eyes. Census: 3 in 68 (1 in 68 , 1 in 68+ ), 0 finer (10/13).
    Ex: Eric P. Newman Numismatic Education Society.(Registry values: P1)

    Coin Index Numbers: (NGC ID# 23XD, PCGS# 85582)

    Weight: 6.25 grams

    Metal: 90% Silver, 10% Copper


    View Certification Details from NGC

    Auction Info

    Auction Dates
    November, 2013
    15th-16th Friday-Saturday
    Bids + Registered Phone Bidders: 11
    Lot Tracking Activity: N/A
    Page Views: 1,041

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

    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.
    Sold on Nov 16, 2013 for: Sign-in or Join (free & quick)
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