Price: 13,450.00 - SOLD - 1/17/2012* Free Shipping and Insurance for coins at $10K or above.
1888 $2.50 (1888 Quarter Eagle) NGC PF64 CAM CAC. All proof Liberty Head 1888 Quarter Eagles are rare with 223 being the highest mintage in the series. The 1888 had a scant mintage of 97 making it rare in all conditions. The coin has a very reflective, mirrored surface with contrasting devices. As expected for a proof coin, the strike is full and sharp on both sides. The grade of PF63 CAM is confirmed by CAC, which indicates that the meets stringent standards for quality within the grade and is a premium quality coin. Christian Gobrechts 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 D. is below. The denomination is separated from the legend with dots.
Christian Gobrecht became the third Chief Engraver at the United States Mint. He was born in Hanover, Pennsylvania in 1785. His father was a German immigrant, and his mother traced her ancestry to the early settlers of Plymouth, Massachusetts. Gobrecht married Mary Hewes in 1818. One of his early positions was as an engraver of clocks in Baltimore. Later he went to Philadelphia where he became a banknote engraver. He invented a machine that allowed one to convert a three-dimensional medal into an illustration. This was an excellent job and Gobrecht was understandably reluctant to work for the Mint for less money than he was making at the engraving firm. In order to persuade him to leave, Mint Director Robert Patterson prevailed upon Chief Engraver William Kneass, who had had a stroke, to take less in salary so more money would be available to hire Gobrecht on a permanent basis. In 1826 Gobrecht did his first work for the Mint as an assistant to Kneass. After Kneass 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.
Only 40 to 50 proof coins of this date are known in all grades, which include several impaired pieces. In its population report, NGC shows 5 1888 Proof 63 CAM with 24 better. At CAC as of September, 2011 there is 1 in 63 CAM with 7 better.
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