1912 $2.50 MS (PCGS# 7944)


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    Heritage Auctions
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Lot Description
1912 $2 1/2 MS66 PCGS. CAC. From a large mintage of 616,197 pieces, the 1912 Indian Head quarter eagle is surprisingly difficult to locate in grades above MS64. In the Encyclopedia of U.S. Gold Coins, Jeff Garrett and Ron Guth report: "Generally not appreciated for its true rarity, the 1912 quarter eagle is one of the key dates to the series. It is regarded as the third- or fourth-scarcest issue to find in gem grades by specialists, falling just behind the 1911-D and 1914-D issues for availability." Specimens at the Gem level are offered infrequently, perhaps two or three times per year, while Premium Gem examples are extremely rare. This coin is a stunning example of this key date, with rich, satiny luster and pristine surfaces. The devices are sharply struck with strongly delineated devices and fantastic eye appeal. NGC has certified only two examples at the Premium Gem level, with none finer, while PCGS has graded five specimens in MS66, with none finer (6/09).
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