1864 25C MS(PCGS#5459)

June 2023 U.S. Coins Auction

Auctioneer

Stack's Bowers

Lot Number

3098

Grade

MS64

Price

3,360

Lot Description

1864 Liberty Seated Quarter. MS-64 (PCGS). Intensely lustrous surfaces glow with a delightful frosty finish. Both sides are also pleasingly toned with blushes of powder blue and antique gold to dominant pearl gray iridescence. The strike is fully executed with even the most intricate design elements crisp. Silver coinage was withdrawn from circulation in the East and Midwest early in the Civil War, and the Philadelphia Mint produced few quarters for commercial use in 1864. In fact, sufficient bullion reached the Mint that year for a delivery of just 93,600 pieces. While some of these coins were exported at the time, others were hoarded and then released into circulation after April 20, 1876, when silver and paper currency achieved parity. Both scenarios conspired against the survival of high quality examples such as this attractive Choice Mint State coin. PCGS# 5459. NGC ID: 23TY. Click here for certification details from PCGS. Image with the PCGS TrueView logo is obtained from and is subject to a license agreement with Collectors Universe, Inc. and its divisions PCGS and PSA.