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February 13, 2015

COIN OF THE WEEK

Rare 1894 Liberty $2.50 NGC PR66+ UCAM. GEM ULTRA CAMEO - $32,500
Click on Coin Image to enlarge


GEM ULTRA CAMEO. With its original mintage of only 122 total, the 1894 Proof quarter eagle is rare in all conditions. NGC shows 2 1894 quarter eagles in PF66+ UCAM with 1 higher. As expected for an ultra cameo, the coin exhibits lustrous, satiny devices over deep mirrored fields. The mark on Liberty’s chin, called a “wart” by Breen, and the ultra cameo finish are both indicative of an early strike, which is impeccable in the detail that is shown on both sides. No significant individual marks or hairlines are visible to the unaided eye.

Please contact me by email or telephone 1-800-624-1870 to reserve this great coin.

Christian Gobrecht’s quarter eagle was produced without substantial modification from 1840 to 1907, the longest span in any United States coinage series. It uses the Coronet design which shows Liberty in profile facing left, her hair tied tightly in beads, except for two curls one down the back of her neck and the other on the side below her ear, with the word LIBERTY inscribed on the coronet. She is surrounded by thirteen stars, and the date is below the truncation. Dentils are around the periphery of both sides.

The reverse shows a heraldic eagle facing left holding arrows and olive branch it its talons. The inscription UNITED STATES OF AMERICA arcs around it, interrupted by the wing tips, and the denomination 2 ½ D. is below. The denomination is separated from the legend with dots.

In 1826 Gobrecht did his first work for the Mint as an assistant to William Kneass. After Kneass suffered a debilitating stroke, Gobrecht did all the die and pattern work for the Mint. He became Chief Engraver in 1840 and served until his death in 1844. He was famous for his Liberty Seated motif which was used for all denominations of sliver coinage including the half-dime, dime, quarter dollar, half dollar and sliver dollar. He also designed the Liberty Head gold eagle, a motif that was also used on the half-cent, the cent, the gold quarter eagle, and the gold half eagle.

In 1859 James Longacre, who was now the Mint Chief Engraver, slightly modified the reverse by making the arrowheads smaller and further apart; however, in San Francisco the old reverse was used until 1867. In 1866 it was mandated that the motto IN GOD WE TRUST be added to all coinage large enough to accommodate it. It was decided that the quarter eagle was too small for this modification.


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ADDITION NEW COINS ADDED - (Week of 2/13/2015)

1859-O Half 10C NGC MS66. A WONDERFUL GEM

1858 Liberty Seated Half 10C NGC MS66, 1858/INVERTED DATE

1853 Liberty Seated Half 10C NGC MS67. ARROWS. LOVELY IRIDESCENT COLOR

1847 Liberty Seated Half 10C PCGS MS67. A STONE WHITE GEM

1847 Liberty Seated Half 10C NGC MS67. SATIN WHITE GEM

1838 Liberty Seated Half 10C NGC MS66. LARGE STARS. LOVELY COLOR

1838-O Liberty Seated Half 10C NGC MS63. NO STARS

1834 Capped Bust Half 10C PCGS PR64. VERY CHOICE PROOF

1911 $10 Indian Head PCGS MS65. GORGEOUS LUSTER

1908-D $10 Indian Head PCGS MS64. WITH MOTTO. VERY SCARCE

1909-D $10 Indian Head NGC MS63. VERY SCARCE DATE

1803/2 Draped Bust $5 PCGS MS62. NICE OVERDATE

1840 Liberty Seated Half 10C PCGS MS65. NO DRAPERY

1876 20C NGC MS66. GEM SATIN WHITE

1876 20C NGC MS66. GEM SATIN WHITE

1878 20C PCGS PR65. PROOF ONLY ISSUE. ONLY 600 STRUCK

1878 20C PCGS PR65. PROOF ONLY ISSUE. JUST 600 STRUCK

1852-O Liberty Seated Half 10C NGC MS66. GEM SURFACES

1803 Draped Bust 10C PCGS AU55, Large Eagle

1827 Capped Bust 10C NGC MS65. A NICE WHITE BUST DIME

1837 Liberty Seated 10C PCGS MS66, No Stars, Small Date

1842 Liberty Seated 25C NGC MS65. PITTMAN PEDIGREE

1846 Liberty Seated 25C PCGS MS65 CAC. GEM FABULOUS LOOK

1853 Liberty Seated 25C NGC MS65. ARROWS AND RAYS

1855-S Liberty Seated 25C NGC MS65. ARROWS

1863 Liberty Seated 25C PCGS MS66. NO MOTTO

1867-S Liberty Seated 25C PCGS MS64. HIGHEST GRADED BY PCGS

1875-CC Liberty Seated 25C NGC MS65. TIED FOR HIGHEST GRADED AT NGC

1873-S Liberty Seated 50C PCGS MS65. ARROWS

1867-S Liberty Seated 50C PCGS MS66. VIRTUALLY WHITE SATIN GEM

1857 Liberty Seated 50C PCGS MS65. GEM SPECIMEN

1843-O Liberty Seated 50C NGC MS66. A FABULOUS GEM

1836 Capped Bust 50C NGC PR67. 50/00. O-116. ELIASBERG PEDIGREE

1837 Capped Bust 50C PCGS MS65. REEDED EDGE

1833 Capped Bust 50C NGC MS65. LOVELY SATIN WHITE

1805 Draped Bust 50C NGC AU58 CAC. VERY CHOICE AU WITH GOOD LUSTER

1814 Capped Bust 50C NGC MS65. GEM SURFACES

 

Very Truly Yours,

Tom Pilitowski
www.usrarecoininvestments.com
Toll Free:
1-800-624-1870
Email: TomPilitowski@yahoo.com


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