1867-S 25C MS (PCGS# 5471)
Lot Number: 7315
The only known die marriage of the 1867-S Seated quarter shares its reverse with the 1866-S, identifiable by the presence of a short, sharp die scratch (as made) within the lower loop of the S mintmark. This is a very scarce to rare issue in all grades, the mintage limited to just 48,000 coins and attrition due to circulation very high during the Frontier era. Writing in the 1991 book <em>The Comprehensive Encyclopedia of United States Liberty Seated Quarters</em>, Larry Briggs assigns Uncs an impressive Rarity-7 rating. The author also mentions that the finest known 1867-S Seated quarter sold as lot 1619 in Auction '86 (Paramount's session).<br /> The present example is also pedigreed to Auction '86 (Stack's session), and it is also high in the Condition Census for the issue. Dominant golden-gray patina to both sides, the peripheries are splashed with more vibrant olive-russet iridescence that is particularly pronounced for the reverse. The strike is razor sharp throughout, and no significant abrasions come readily into view as the surfaces rotate under a light. The luster is a bit muted overall, however, thereby explaining the MS-63 grade returned by PCGS. An important find for the advanced collector of Seated Liberty coinage, it may be several years before a '67-S quarter of comparable or superior quality to this piece becomes available for purchase.<br /> <br /> <strong>Numismatic Reflections by Q. David Bowers<br /> </strong>How nice this is! In San Francisco in the 1860s there was not a great deal of numismatic activity. Interest in mintmarks ranged from minimal to non-existent. The survival of an 1867-S silver quarter in MS-63 grade is a matter of rare chance. All San Francisco silver of the 1850s and 1860s is elusive, and building a collection involves taking advantage of purchase opportunities such as this.