1909 $2.50 PR (PCGS#7958)
August 2021 ANA U.S. Coins Auction
- 拍卖行
- Stack's Bowers
- 批号
- 4181
- 等级
- PR65
- 价格
- 248,772
- 详细说明
- Gem Proof 1909 Indian Quarter Eagle
Stunning Satin Finish
1909 Indian Quarter Eagle. JD-1, the only known dies. Rarity-4+. Proof-65 (PCGS).
Delightful deep gold surfaces exhibit the bright satin finish for which this issue is known. Both sides are fully struck with razor sharp definition throughout the design. They also offer an uncommonly smooth appearance for a coin from this 139-piece mintage.
The 1909 is the second issue in the Proof Indian quarter eagle series, and it introduces the Satin Finish style for this type. Its predecessor, the 1908, was produced with a coarse grain Sandblast Finish that proved unpopular with contemporary collectors who were used to the Brilliant and Cameo Proofs of the Liberty Head era. Perhaps because they were already disenchanted with the Proof 1908, many numismatists failed to order examples of the Proof 1909. Much of the mintage failed to sell, as a result, and the coins left on hand eventually were destroyed through melting in the Mint. Today the 1909 is one of the rarest Proof Indian quarter eagles in an absolute sense with fewer than 100 coins extant in all grades (John W. Dannreuther, 2018, offers an estimate of 50 to 60 survivors). In Proof-65 and higher grades this is the rarest issue of the type, a fact that highlights the importance of this bidding opportunity for advanced gold specialists.
Provenance: From the Castle Pines Collection.
PCGS Population: 3; with a single Proof-66+ finer.
PCGS# 7958. NGC ID: 289H.
Click here for certification details from PCGS.
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