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    Description

    1860-S Quarter, MS61
    The Only Mint State Example of This Rarity

    1860-S 25C MS61 NGC. CAC. Briggs 1-A. The surfaces are even, light gray with soft, frosted mint luster easily visible beneath the toning. There are a few tiny abrasions on each side, as one would expect from an MS61, the most obvious and easily usable one for pedigree purposes being a vertical mark to the left of the date.

    Variety: Briggs 1-A, the only variety.

    Population Data (7/14): After 28 years and multiple millions of coins certified by both of the major grading services, this piece still remains the sole 1860-S quarter in Mint State. In all grades only 80 certification events have occurred, again combining both of the major services' data.

    Heritage Commentary: It is noteworthy that the two most prominent collectors of Seated coinage of the past generation have owned this coin: Jim Gray and Gene Gardner. Even though 56,000 quarters were produced of this issue, the story is the same as it is for many other S-mint issues from the 1850s through the 1870s, high attrition because of the demand in the West for hard currency. Many S-mint issues do not have a single remaining coin in Mint State. We can only speculate about the circumstances surrounding the preservation of this coin. In the November 1990 edition of The Gobrecht Journal, Jim Gray pointed out, "the most underappreciated and undervalued of all Seated coins is the 1860-S quarter, particularly in higher grades."

    Consignor Commentary: One of the toughest dates in the series, this coin is the only coin graded Mint State by both services. In fact, the date is rated High R.6 in AU. The most noticeable mark is one high on Liberty's right leg.

    Provenance: Public Auction (Stack's, 9/1989), lot 1126; Jim Gray Collection (Bowers and Merena, 7/2004), lot 2240.(Registry values: P8)

    Coin Index Numbers: (NGC ID# 23TS, PCGS# 5453)

    Weight: 6.22 grams

    Metal: 90% Silver, 10% Copper


    View Certification Details from NGC

    Auction Info

    Auction Dates
    October, 2014
    27th Monday
    Bids + Registered Phone Bidders: 15
    Lot Tracking Activity: N/A
    Page Views: 1,175

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