Magnificent 1883 Quarter, PR68 Cameo

    1883 25C PR68 Cameo NGC. CAC. Business strike mintage of quarters in 1883 was a minuscule 14,400 pieces. Treasury vaults were bursting with hoards of minor silver coins that had returned to the United States from offshore havens where they had been secreted during the Civil War. The unexpected influx of those minor coins, together with large mintages during the 1870s, completely satisfied public demand for the coins in everyday commerce. Treasury Secretary John Sherman, in accordance with the Mint Act of 1873, halted production of minor coinage early in 1878. For the next decade, the Mint adhered to a policy of small mintages of quarters and half dollars. All available resources were concentrated on production of Morgan silver dollars.
    Fortunately, numismatic demand for quarters and half dollars continued unabated, and the Mint produced proof coins in numbers large enough to satisfy collector demand. The result of this policy was a mintage of 1,039 proof quarters in 1883. Only one die combination was needed to produce the entire mintage. In 1991 Seated quarter specialist Larry Briggs detected the remains of a blundered date in the 1883 obverse proof die. The tops of the numerals 83 can be seen in the dentils below 88 in the date. This is an important distinction; business strikes use the same reverse die, and early strikes have prooflike surfaces that can be mistaken for genuine proofs.
    The present coin is a magnificent example of this scarce issue. Brightly reflective fields show through delicate shades of green toning, with an accent of cerulean blue at the rims. The strike is impeccable on both sides, with sharp cameo contrast between the field and devices. Virtually perfect surfaces complement the beautiful toning to yield outstanding eye appeal. A great prize for the Seated Liberty Seated specialist.(Registry values: P1) (NGC ID# 23XF, PCGS# 85584)

    Weight: 6.25 grams

    Metal: 90% Silver, 10% Copper

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    Auction Dates
    September, 2008
    17th-21st Wednesday-Sunday
    Bids + Registered Phone Bidders: 6
    Lot Tracking Activity: N/A
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    We also followed the bidding online yesterday here in Salt Lake for the other 3 coins - great fun. Prices realized met or exceeded our expectations.
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