Coins and Medals

14 Dec 2015, starting at 13:00 EST .

Auction information

This auction is now finished. If you are interested in consigning in future auctions, please contact the specialist department. If you have queries about lots purchased in this auction, please contact customer services.

1846 25C Proof 64 PCGS
This Choice specimen is layered in a blend of steel-olive and lavender-charcoal patina with more vivid golden-orange undertones at indirect light angles. Surface reflectivity is best appreciated with the aid of a direct light source, but even the most casual observation confirms a razor sharp strike that is far superior to what one should expect to see in a circulation strike quarter from the 1840s.

The Proof 1846 Seated quarter is a significant, yet, underrated rarity. The number of pieces struck was minimal, most were originally part of complete silver or silver and minor proof sets. Several complete proof sets were offered intact in various prominent late-19th and early 20th century auctions, including those of the Mickley, Parmelee, Cleneay, and Stickney Collections. As was the case with most proof sets sold during this period, the coins were eventually separated, and now the individual coins are traded with mild frequency among knowledgeable and well-funded collectors. The total number of Proof 1846 quarters produced is lost to history, though it is thought some two or three dozen pieces may have been struck. The PCGS website suggests that just eight to 10 proofs now exist, though that firm has already performed 10 certification events for the date, including a group of nine pieces at the Proof 64 level. This suggests to us the resubmission of one or more Proof 64 examples in the hope of attaining a higher level. At NGC, 11 certification events have occurred, but those are spread out more evenly across the grading spectrum. Even if every event represented an individual coin, that would only make 21 Proofs in NGC and PCGS third-party holders -- very scarce in our opinion.

If you are a specialist in Liberty Seated coins you now know that all Proof coins from the 1840s are rare. That said, there are enough of them that with patience a nice set can be acquired. The importance of this Choice example is difficult to overstate. PCGS Population: 9 in 64, none are finer. (PCGS 5540)
Sold for US$ 11,700 inc. premium
Activities
Contacts
Auction information

This auction is now finished. If you are interested in consigning in future auctions, please contact the specialist department. If you have queries about lots purchased in this auction, please contact customer services.

Buyers' Obligations

ALL BIDDERS MUST AGREE THAT THEY HAVE READ AND UNDERSTOOD BONHAMS' CONDITIONS OF SALE AND AGREE TO BE BOUND BY THEM, AND AGREE TO PAY THE BUYER'S PREMIUM AND ANY OTHER CHARGES MENTIONED IN THE NOTICE TO BIDDERS. THIS AFFECTS THE BIDDERS LEGAL RIGHTS.

If you have any complaints or questions about the Conditions of Sale, please contact your nearest customer services team.

Buyers' Premium and Charges

For all Sales categories excluding Arms & Armor, Coins and Medals, Motor Cars, Motorcycles, Wine & Whisky

27.5% on the first $3,000 of the hammer price;
25% of the hammer price of amounts in excess of $3,000 up to and including $400,000;
20% of the hammer price of amounts in excess of $400,000 up to and including $4,000,000;
and 13.9% of the hammer price of any amounts in excess of $4,000,000.

Payment Notices

Payment for purchases may be made in or by (a) cash, (b) cashier's check or money order, (c) personal check with approved credit drawn on a U.S. bank, (d) wire transfer or other immediate bank transfer, or (e) Visa, MasterCard, American Express or Discover credit, charge or debit card. Please note that the amount of cash notes and cash equivalents that can be accepted from a given purchaser may be limited.

Shipping Notices

For information and estimates on domestic and international shipping as well as export licenses please contact Bonhams Shipping Department.

Lot symbols
¤ Without reserve
Travel and directions
580 Madison Avenue
New York NY 10022
Tel: +1 212 644 9001
Fax: +1 212 644 9009