1870 Liberty Head Quarter Eagle. JD-1, the only known dies. Rarity-7-. Proof-66 Ultra Cameo (NGC). This is an absolutely mesmerizing example of this Reconstruction-era rarity. The complexion glows with vivid reddish-gold color and hints of warmer pinkish-rose patina. Richly frosted luster blankets the design elements and remains entirely untroubled, contrasting intensely with the deeply mirrored fields. The strike is incredibly sharp and the surfaces are virtually free of any handling. This piece is tied with one other Proof-66 Ultra Cameo ranks as the finest certified by NGC in any category, making it an irresistible treasure for the advanced Set Registry participant or discerning Proof gold specialist. Similarly, no examples have been certified finer at PCGS in any designation. A visually stunning jewel that matches superior preservation with undeniable rarity.<p>The Proof 1870 quarter eagle is a tremendous rarity in all grades and only an estimated 10 to 12 distinct survivors are known. With a tiny production figure of just 35 examples, the 1870 is from an era of low-mintage issues that was seen during the Civil War and the two decades that followed. Researcher John W. Dannreuther (2018) notes that the first delivery of 25 coins occurred on February 3, while the remaining 10 coins we not delivered until that summer on June 1. The obverse die was used to strike both the 35 Proofs and the 4,520 Philadelphia Mint circulation strikes for the year, and very few coins exhibit the strong cameo contrast of the present piece. In addition, most examples are limited to grades of Proof-65 and below due to cabinet friction and other imperfections, making this premium Gem a true prize for connoisseurs.<p>Proof quarter eagle mintages began to swell in the late 1880s and 1890s, and these are the dates typically included in type sets by todays collector. In contrast, Proof 1870 quarter eagles remain remarkably elusive and "almost never appear in auction or on the floors of major conventions," as explained by Dannreuther. The present offering is an historic opportunity and sure to attract significant attention from specialists. Selections from the Aberg Collection. Ealier from Heritages Long Beach Signature Auction of September 2013, lot 6724; Heritages FUN Signature Auction of January 2014, lot 5368.
