1908 $2.50 MS (PCGS# 7939)

2010 June Long Beach, CA Signature US Coin Auction #1140

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    Heritage Auctions
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Lot Description
1908 $2 1/2 MS67 PCGS. In their Encyclopedia of U.S. Gold Coins, Garrett and Guth note that the 1908 quarter eagles have a distinct advantage on their peers in terms of high-grade survival, in that "many examples were saved as the first of their kind," and so the date "is available in all grades, including gem condition, and specimens can even be located in MS66 grades." In this case, however, "all grades" does not translate to "every grade," as a quick check of the PCGS Population Report reveals. Beyond MS66, where the date is already elusive, there are just two Superb Gems certified by that service, both graded MS67 (4/10). Moreover, there are only four MS67 coins in the Population Report for the entire series, making this an example of vital importance to type collectors as well as series enthusiasts. Garrett and Guth note a peculiar striking characteristic of the 1908 quarter eagles. The top of the eagle's front wing is almost always softly struck, "a result of the dies not being prepared properly." This Superb Gem holds true to the rule, but elsewhere, the strike is pleasing. The luster is gorgeous, yellow-orange save for a tiny dot of alloy below the portrait's chin, and the surfaces are incredibly smooth, with only the tiniest of marks visible on close inspection. A magnificent coin that could fit in a top-flight type set or the ultimate Indian quarter eagle assemblage with equal ease.
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