1850 25C PR (PCGS# 5544)

FUN08 PN

  • Auctioneer:
    Heritage Auctions
  • Lot Number:
    3035
  • Grade:
    PR68
  • Price:
    $460,000.00
Lot Description
1850 25C PR68 NGC. Ex: Pittman-Kaufman. Phil Kaufman’s 1850 proof quarter, pedigreed to the John Jay Pittman Collection, is by far the finest of two or three known specimens. This delectable NGC-graded PR68 coin outshines an NGC PR65 example, and two PR62s, one graded by NGC and the other by PCGS. Walter Breen, in his 1977 Proof Encyclopedia, claims to have seen only two 1850 proof quarters, “aside from those in the unseen proof sets.” Similarly, David Akers writes in the May 1998 catalog of the John Jay Pittman Collection: “The 1850 Quarter in Proof is exceedingly rare, even more so than the Proofs of 1847, 1848 and 1849, and it is in the same rarity class as the 1840, 1841 and 1844 Proof Quarters of which only two or three examples of each are known. Just two Proof 1850 Quarters are known with certainty, with possibly a third example also extant, although the third piece … is not as obvious a Proof as the other two and is open to debate as to its original minting status.” There have been few appearances of 1850 proof quarters at public auction. The following roster is based on our research into auction records: 1. PR68 NGC. The Kaufman coin. R. Green (5/1949); John Jay Pittman (David Akers, 5/1998), lot 1317. According to Akers, this piece is probably from the H.P. Smith Collection (Chapman Brothers, 5/1906), lot 820. 2. PR63. 1976 CSNS Convention (RARCOA, 4/1976), lot 218; Reed Hawn (Stack’s, 3/1977), lot 310; Ellis Robison (Stack’s, 2/1982), lot 1318; Heritage (2/1984), lot 956. In 1984, our cataloger identified this coin as the same example that appeared in the J.H. South catalog (Stack’s, 2/1951), lot 515. 3. PR62 PCGS. Stack’s (1/1993), lot 455; Bowers (8/1998), lot 156. Additional Appearances A. PR65 NGC. Ed Hipps. Displayed at the 1998 FUN convention, according to David Akers. This example could be number 2, 3, or letter B. B. PR65. Vintage (10/1988). This example could be numbers 2, 3, or letter A. In addition to the above pieces, Walter Breen mentioned ot
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