1878 20C PR(PCGS#5306)

October 2018 Baltimore U.S. Coins Auction

拍卖行

Stack's Bowers

批号

427

等级

PR65

价格

43,878

详细说明

1878 Twenty-Cent Piece. Proof-65 (NGC). A lightly to moderately toned obverse is paired with a generally brilliant reverse. Both sides are sharply struck with a decidedly cameoed finish also noted for the reverse. Although the denomination was introduced the year before, production of circulation strike twenty-cent pieces ceased early in 1876. The brevity of this series is due to a number of factors, not the least of which is the similarity in size and design between this coin and the contemporary Liberty Seated quarter. The twenty-cent piece was also not needed in circulation in the East or Midwest, where paper money was readily accepted as a substitute for coinage. In the West, where coinage was preferred, the widespread production and use of dimes rendered a twenty-cent piece redundant. Twenty-cent production did continue beyond 1876, however, but only in Proof format, and then again only for two more years. The final year 1878 has a mintage of 600 pieces, more than that of the Proof 1877 but significantly less than those of the Proof 1875 and 1876. With no circulation strikes produced, the 1878 is the second rarest date in this series after the 1877, survivors popular at all levels of preservation. Far finer than the typically offered specimen, this conditionally rare Gem will please even the most discerning numismatist. NGC Census: 25; 26 finer in this category (Proof-67 * finest). PCGS# 5306. NGC ID: 27H5. Click here for certification details from NGC.