Very Rare 1864-S Quarter, MS64
1864-S 25C MS64 PCGS. In a Coin World article from
January 29, 2002, Paul Green analyzed the 1864-S quarter and came
to the conclusion that its rarity is based on heavy circulation and
lack of a collector base in the West, not merely that only 20,000
pieces were struck.
One of the Finest Pieces Known
"San Francisco only made silver and gold coins, but there seemed to be a general feeling in the West that anything other than gold and silver was not really welcome. Apparently, if change of less than five cents was needed, people just compensated with a free donkey ride."
In all grades only 69 of these pieces have been certified by PCGS and NGC, minus an uncertain number of resubmissions. The breaking point of availability, such as it is, for the '64-S seems to be at the XF45 level. Above that only 18 pieces have been certified. The number of high grade 1864-S quarters is paltry indeed. A mere 10 pieces have been graded by both services. In MS64 only five others have been certified. The finest is a remarkable NGC MS68!
The surfaces on this piece are bright and sparkling with deeper accents of golden-brown toning in the fields. Overall the strike is strong, but is lacking on the peripheral obverse stars. With only 20,000 pieces struck, virtually no collector base, and a high attrition rate, when a high grade 1864-S such as this one can be located, it is well worth owning and certainly a coin that many advanced collections lack.
Ex: R.L. Miles Collection (Stack's, 4/1969); Auction '86 (Stack's Session, 7/1986), lot 142.
From The Nevada Collection of Seated Quarters.(Registry values: P7) (NGC ID# 23TZ, PCGS# 5460)
Weight: 6.22 grams
Metal: 90% Silver, 10% Copper
View all of [The Nevada Collection of Seated Quarters ]
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