Lot 4401
1862 $2.50 Liberty. NGC graded Proof 65 Ultra Cameo. Housed in NGC holder 1945217-002. Exquisite Gem Proof with outstanding depth of contrast. Looks like a "black hole!" Only 35 Proofs struck. Proof 1862 quarter eagles can only be considered as very rare due to fact so few were struck. In spite of the dearth of auction sales in recent years, the fame of Proof 1862 quarter eagles is lost in the shadows. Perhaps this is due to its proximity to the Proof-only 1863, famous in American numismatics. Just the same those assembling Civil War era gold Proof collections will quickly realize its elusive nature.
The reverse is Type 2 (with more compact letters and arrow heads). The 2 is partly filled, a feature that Breen remarked upon. This marvelous Gem Proof specimen has glowing fields and devices, the field prominently mirrored. A razor-sharp provides perfection denied to others of this issue. Only a few trivial hairlines are present under magnification. We will assume that this piece eventually finds a home in a major rarities collection. We will even assume that the new owner encounters all of the joy and fulfillment to which owning such a major rarity confers. Pop 2; 1 finer in 66 (PCGS # 7888) .
Estimated Value $35,000 - 40,000.
Ohringer Family Trust Holdings.
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| Realized $42,550 |
