Price: 7,400.00 - SOLD - 11/21/2010* Free Shipping and Insurance for coins at $10K or above.
1865 25C (J-426, low R-7) NGC PF65 RB - A wonderful and premium quality example of this so-called transitional quarter, of the type introduced in 1866 but dated 1865. Struck in copper with a reeded edge. It is unknown if these are actually originals or restrikes, but currently numismatic researchers believe the majority are restrikes struck in the 1870s. It is possible that a few trail pieces struck in 1865 actually do exist, but it is unknown how to distinguish them from the restrikes.
Copper patterns are usually seldom found with original Mint red color remaining. Most pieces have been kept in cloth, albums or similar environments, causing them to town in various shades and degrees. Any piece with the majority, or all, of the original Mint red color still remaining are rarities that are usually valued higher.
Collecting transitional pieces is a very popular objective within the collecting of American patterns. Examples are found across many varieties, and in different forms. Different metals were also used, as can be encountered here. The present piece is struck in copper, although regular pieces were produced in silver. These differences are usually what attract people to patterns, and during the last few years more people have actually been attracted to them. As a result, prices have gone up to higher levels, but some of the more common patterns still remain relatively affordable.
With approximately 8 to 12 pieces known to exist in all grades, this piece can by no-means be considered common. However, it is still reasonably priced, and an excellent opportunity for anyone seeking a storied pattern. As a bonus, it has a Civil War date, and with the sesquicentennial of the Civil War approaching we expect Civil War coins to dramatically rise in value during the next few years. The present piece thus is an excellent investment and a great coin for the pattern collector.
This coin is exceptionally sharply struck, with no blemishes noted on either side. The reverse has toned to a slightly darker red-brown color, hence the color designation. No contact marks, as can be expected for a carefully produced Proof coin, are seen on either side.
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