Tag: Low Mintage

The Sole Highest Graded – 1881 Liberty Quarter Eagle NGC PR67 Ultra Cameo

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Prior to 1881, gold proofs are almost entirely sold only in complete denomination sets. Gold proof sets sales continued in 1881, with 40 distributed by the end of the first quarter, but individual proof quarter eagles were struck and sold throughout the year as well, bringing the mintage for this issue to 51 pieces. These coins are among the most contrasted proofs in the Liberty quarter eagle series, and the palindrome date makes them popular type coins. Type collector demand is further heightened by the fact that many later proof quarter eagles (such as those struck from 1902 through 1907), lack the same degree of cameo contrast seen on late 19th century proofs. In United States Proof Coins, Volume IV: Gold,  John Dannreuther estimates that only 18 to 22 proof 1881 quarter eagles survive. This is far less coins than the PCGS estimate of 30 to 35 pieces, but it might be more accurate. A significant number of the non-Cameo proofs reported by the grading services have likely been reconsidered in more recent years and redesignated Cameo or Deep Cameo. This is the only PR67 Ultra Cameo graded by NGC with none higher.

Listed at $80,000 in the NGC price guide.

Offered at $74,750

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1859-O Liberty Double Eagle NGC XF45

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A Rare O-mint $20 Lib

The 1859-O is a rare New Orleans double eagle with a small 9,100-coin mintage. Perhaps only approximately 100 pieces are known in all grades, primarily distributed throughout the various XF and AU levels. Only two Mint State pieces are documented, both heavily bag-marked. The 1859-O shares its rarity with most other O-Mint twenties leading up to the outbreak of the Civil War. After the San Francisco Mint became operational in 1854, gold deposits in New Orleans declined significantly, and large denomination gold coinage plummeted. Between 1854 and the 1909, when the New Orleans Mint ceased coin production for the final time, fewer than 115,000 double eagles were struck at that facility.

Offered at $33,750 delivered

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1882-CC Liberty Double Eagle PCGS MS62

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Rare Uncirculated

Only 39,140 Liberty double eagles were struck at the Carson City Mint in 1882, a small production total in absolute terms, but just about average in the context of the series, which is known for its low mintages. In fact, no twenty-dollar coins were struck at Carson City in the previous two years. Still, the 1882-CC is definitely elusive in MS62 condition, and finer coins are virtually unobtainable. Only 6 have been graded higher by PCGS, 3 of them being MS62+ examples and none finer than MS63.

Offered at $31,925 delivered

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1907 Rolled Edge $10 Indian PCGS MS65

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Breathtaking Rarity

Struck in September 1907, the “Rolled Edge”) 1907 Indian eagle is one of the rarest issues in the series, surpassed only by the 1933. It retains the smooth, sculpted details of Augustus Saint-Gaudens’ original Wire Rim models but with a defined border that Chief Engraver Charles Barber turned into the die in an effort to improve stacking of the coins. Although 31,500 pieces were struck, most of the coins never left the Mint, as all but 50 were melted. In Renaissance of American Coinage, 1905-1908, Roger Burdette lists 10 pieces as having gone to the Mint Bureau, two to the Metropolitan Art Museum, and eight to Mint officials, which left 30 pieces on hand at the Mint that could be acquired by collectors. Although understandably, most have been carefully preserved, the PCGS population is still just 17 with 19 higher (no doubt, including a fair number of re-submissions).

Offered at $299,900 delivered

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1860 Gold Dollar NGC PR66 Cameo

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A Very Rare One (G$1)

The 1860 proof gold dollar enjoyed a mintage of 154 pieces. Perhaps Mint Director James Ross Snowden was anticipating larger numbers of collectors to buy proof gold in 1860, the same way he over anticipated the demand for silver and minor proofs. However, this is a rarer issue than that mintage would lead one to expect – it’s likely that many specimens went unsold and were melted after the end of the year. This little jewel of a survivor offers plenty of cameo contrast and flash to viewers. The NGC population is only two with none higher.

Offered at $23,800 delivered

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1908 Indian Quarter Eagle NGC PR68

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1 of Only 2 So-Graded

With the new coinage designs of 1907 and 1908, the mint recognized these coins could not be produced by the conventional brilliant proofing method. Their solution was to sandblast the coins, producing a matte surface; a finish that had been applied to some mint medals for decades. However, the mint’s main customers for proofs were coin collectors, and collectors were generally not familiar with the matte proofing technique or appearance. The result was general dislike by the collecting community and dwindling sales for proof gold until the final year in 1915. There were 236 proof quarter eagles produced, and it is estimated that 100 to 120 pieces are extant today. The surfaces on this piece border on perfection. This is one of only two so-graded by NGC, with none higher.

Offered at $63,250 delivered

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1903 Liberty Quarter Eagle NGC PR66

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Glittering, Eye-Catching

The 1903 Liberty quarter eagle claims a mintage of 197 pieces and the issue has a fairly high survival rate. Unfortunately, the population data has been inflated by numerous resubmissions and crossovers, but probably more than 100 examples of this issue are still extant. The Mint switched to an all-brilliant finish for proof coins in 1902, eliminating the frosted devices and severely reducing the popular cameo contrast seen on proofs of earlier years. This Gem is a typical example of the new finish, with razor-sharp definition on the design elements and deeply reflective fields, but only modest field-device contrast. The NGC population is just 9 (one of which has been designated “Star”) with 8 higher.

Offered at $16,525 delivered

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1876 Liberty Eagle NGC AU55

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A Rare 76’er

The overall rarity of the 1876 ten dollar rivals that of almost all other dates in the Liberty eagle series, with only the 1873 and the prohibitively rare 1875 being decisively rarer. The 1876 eagle also had a mintage of only 687 pieces, the second-lowest production total of the series, behind only the 1875 (at a paltry 100 coins). Survivors are rare in all grades, with fewer than 60 pieces believed to be extant. The sole finest known is an NGC MS61 Prooflike example. While not apparent in our images, this is a flashy, highly lustrous representative. The NGC population is a mere 5 with 6 higher.

Offered at $26,400 delivered

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