Lot 704
1853 Liberty Seated Quarter Dollar. Arrows and rays. NGC graded Proof 64 "Pittman". This is a one year type coin and one of the rarest dates in of all quarters in proof condition. Less than 10 exist and perhaps as few as 5 were coined. This particular example is toned with lovely sunset gold to gray hues over the mirror fields, and the color is even and balanced on both sides. Reflective mirror fields confirm the status as a rare proof of this date, which nicely offset the devices. We note an interesting discussion between David Akers and David Bowers when they were both cataloging the Pittman and Eliasberg coins, both of which were offered raw (not yet certified). Mr. Akers noted that the Pittman coin (the coin offered here) did not have a mirror finish between the shield lines, but otherwise had all the reflectivity of a proof issue, especially given that virtually all other 1853 arrows and rays quarters are so well frosted. Prospective bidders will want to read the description under lot 1454 in the Eliasberg sale as well as the notations under lot 1325 in the Pittman Part II collection.
NGC has graded 4 of this date in Proof, 2 as PF-64, 1 as PF-65, and 1 as PF-66. PCGS has graded 3 coins, 1 as PR-63, and 2 as PR-64, with none higher. Hence, this is one of about 10 known at most, and tied near the middle with several others in this grade, although there may be duplication in the Population Reports.
Estimated Value $50,000 - 60,000.
From David Aker's John Jay Pittman Part 2 Collection; May 1998:1325.
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