The NGC Universal ID is a four digit alphanumeric that groups coins based on a unique combination of date, mintmark, denomination and striking process (MS, PF, or SP). These IDs are a simple organization of all coins prior to variety attribution and grading.
The Mint began to use a small date for the Seated Quarter in 1859, the first time this was done since 1842. In the former year, Mint officials also made a concerted effort to win collectors over to the idea of making yearly purchases of proof coinage with, among others, a delivery of 800 Quarters. Their efforts in this area seem to have met with little success. As with the other similarly dated silver denominations, the proof 1859 Seated Quarter was likely melted in significant numbers as unsold at year's end. According to our records, no major auction house has offered a Superb Gem representative of this issue since at least the early 1990s. This should come as no surprise when one considers that only five examples have been graded PR67 at NGC and PCGS with none finer (1/03). There are two markedly different 'looks' on both sides of the coin in this lot. The obverse displays scintillating, reddish-champagne iridescence over lively, mirrored features. We have little doubt that the reverse possesses a similar finish, but the toning is more extensive with copper-gray color and pastel tinged undertones. What both sides have in common are pinpoint striking definition and smooth, virtually pristine surfaces. A Condition Census representative of this rare, early proof in the long-lived Seated Liberty Quarter series. Combined NGC and PCGS Population: 5 in 67, none are finer (1/03). From the Philip Kaufman Collection.
Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.
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