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Sale 47
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Lot 4404
1908 $2.50 Indian. NGC graded Proof 67. NGC holder 1731962-001. Simply superb! A flawless gem. Only 236 proofs struck. First year of the Bela Lyon Pratt Indian head design, there is some question whether all of the pieces were sold; some may have been melted after the close of 1908. Today, despite a relatively high mintage, the 1908 does appear to be similarly scarce to other matte or sand-blast Proof quarter eagles.
This is certainly a remarkable Superb Gem Proof. The surfaces show a uniform sand-blast finish that has a fine granular texture. No marks are copper stains can be found on either side; the surface is pristine. Indeed, the word "magnificent" comes to mind when describing its immense beauty. If the inspiration to own this coin gives flight to your fancy to bid, we encourage a strong bid since competition is sure to be ardent. By the time the auctioneer has finished the final bid, we propose to others in the room to give the successful buyer a nod of approval for his good fortune. Pop 24; none finer at NGC (PCGS # 7957) .
Historic note: After criticism arose following release of the 1908 sandblast Proof gold coins, the Mint altered its procedure. It dropped the sandblast style, and introduced the satin finish in 1909 and 1910. The satin surface (Charles E. Barber called it "bright") was produced by fresh dies used in the Mint's medal press. The surface is the result of buffing the hubs to remove cutting burs from the reducing lathe. The 1908 and 1911-15 sandblast pieces were made by taking a satin Proof coin and lightly sandblasting it. We call these "matte Proofs" today. The officials at the Philadelphia mint decided they could not make brilliant Proofs like those in the previous Liberty head series, and wanted something distinctive for collectors. After the sandblast in 1908 failed to satisfy, this satin finish was tried, but shortly thereafter, the sandblast technique was once again put into use.
Estimated Value $27,000 - 29,000.
Ohringer Family Trust Holdings.
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| Realized $34,500 |
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