Lot 1834
1883 Hawaiian Quarter Dollar. PCGS graded MS-66 CAC Approved. In a new secure plus holder. Pop 84; 13 finer, 1 in 66, 12 in 67. Lovely shades of toning on both sides (PCGS # 10987) .
Historic note: Conception, approval, funding and creation of these handsome Hawaiian silver coins occurred in 1883-84. Though dated 1883, they first were placed into circulation in early 1884. All circulation-strike Hawaiian coinage was executed at the San Francisco Mint. The Bureau of the Mint instructed the Philadelphia Mint to send twenty pairs of dies (five sets for each of four coins) to E. F. Burton, Superintendent of the San Francisco Mint. Burton also got instructions that no coins were to be struck until a contract with the Hawaiian agent for the Kingdom, Claus Spreckles had been drawn up and approved. So the dies were made before the contract was approved, which seems curious to modern business methods. The contract, when it was approved on October 29, 1883, provided for $500,000 in dollars, $300,000 in halves, $125,000 in quarters and $75,000 in dimes, for a grand total of $1 million. Spreckles was to furnish silver bullion and to pay $17,500 for the actual minting. He had already paid $2,000 for design of the dies and $200 for twenty pairs of working dies, according to historian Jacob Adler, in his monograph "Coinage of Hawaii".
Estimated Value $700 - 800.
The Forsythe Collection.
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