Price: 6,250.00 - SOLD - 9/11/2012* Free Shipping and Insurance for coins at $10K or above.
1899 Quarter Eagle - 1899 $2.50 NGC PF63 CAM. This low mintage, proof cameo 1899 Quarter Eagle has highly reflective mirror surfaces. They are original and clean for the grade with some hairlines, as expected, and very few contact marks. The strike is solid so that every detail on the piece pops, including the die file mark through the TY in LIBERTY that tells us the coin is the B-2 variety.
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 motif, which shows Liberty 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 LIBERTY inscribed on the coronet. She is surrounded by thirteen stars, and the date is below the truncation. The reverse shows the 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. The weight remained the same, but the diameter was reduced from the previous issue to 18 millimeters.
The coinage act of 1865 specified that motto IN GOD WE TRUST should be added to all coins large enough to accommodate it. The Mint interpreted this law to mean that the motto had to be added to silver coins larger than the dime and gold half eagles, eagles and double eagles. Because of its size, the quarter eagle was exempt.
Beginning in 1859 a modified reverse design was used on business strike and proof Philadelphia coins. It had smaller letters and arrowheads. Some pieces in 1859, 60, and 61 were struck with the old design after the change was made. As an anti-counterfeiting device, these coins were completely hubbed except for the date and mint mark. The dates were entered by hand.
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 silver coinage including the half-dime, dime, quarter dollar, half dollar and silver 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.
The 1899 Proof Quarter Eagle had an original mintage of 150, making it rare in all conditions. In its population report, NGC shows 9 in PFCA63 with 47 better.
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