The Collectors' Auction 2009
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Please Note: A 15% Buyers' Premium is added to the hammer price of all lots in this sale.
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(About The Images)
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Lot Title:
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1869 J-723. PCGS PF-64 BN.
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Description:
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Patterns for the "standard silver" series were struck during Reconstruction at a time when silver coinage remained virtually absent from circulation. Hostilities began the War Between the States on April 12, 1861, but after a year of what had been expected to be a conflict of brief duration, the outcome remained very much in question. Thus, uncertainty led to hoarding of any coin minted of precious metal. Return to circulation of the familiar Seated Liberty design did not occur even after the conflict had been officially ended at Appomattox Court House on April 9, 1865, and the latter half of the decade of the 1860s saw an extreme shortage of circulating coins. Naturally, one intended purpose of the "standard silver" series was to reintroduce coinage into daily usage by reducing the silver content (though not the fineness), and thereby the reasons for hoarding them. Of course, issuance of the new designs never materialized, and the Seated Liberty design continued for over twenty more years. PCGS has graded this Standard Silver Quarter as PR-64 BN, and one might assume that striking weakness ordains the grade more so than post mint impairments, as this appears to be a finely preserved specimen. LIBERTY on the hair ribbon is faint in areas, central hair and star details merge slightly, and CENTS on the reverse is somewhat weak, along with a few of the leaves at the bottom of the wreath. Roller marks may be seen still un-effaced from other leaves in the wreath, and they lead to the conclusion that blanks for patterns were prepared in much the same manner as any other coin. This is a purely original copper coin that retains hints of mint luster in a few protected areas.
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Low Estimate:
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$2,000.00 |
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High Estimate:
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$2,200.00 |
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Lot Status:
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Bidding has been closed for this lot. |
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Hammered Price: |
$1,900.00
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Price Realized:
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$2,185.00 |
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Price history for items of the same classification:
No history for this lot classification has been found. |